Regional Collaboration Enhances the Competitiveness of Canada’s Business Capital
TORONTO – January 18, 2018 – Mark Cohon, Chair of Toronto Global, Janet Ecker, Vice-Chair of Toronto Global and Toby Lennox, CEO of Toronto Global today issued the following statement in response to news that the Toronto Region has been selected as a candidate for Amazon’s HQ2:
“On behalf of all the Mayors and Chairs of the Toronto Region and our partners in Waterloo Region and Guelph, we are thrilled that our bid to attract Amazon’s HQ2 will be moving to the next stage in the selection process. We were proud to submit our proposal alongside some of the most competitive and dynamic Canadian communities, who helped to highlight the great range of advantages we offer as a country. We are even more honoured to be selected as the only Canadian location to move forward in this competition. The Toronto Region stands out internationally as a place to locate and grow successful and thriving businesses. It is an unmistakable signal that our region is regarded by the finest and most forward-looking employers from around the world as one of the very best destinations for investment and expansion.
The cornerstone of our bid is the incredible pool of talent that the Toronto Region offers to any potential employer. Supported by world-leading institutions of education and research, an agile and open immigration policy, superior infrastructure, a competitive cost structure and quality of life that is second-to-none, our region offers Amazon the critical advantages it requires as it seeks a home for its HQ2.
Moving forward, we will continue to work closely and cooperatively as a region, coordinating our efforts among the many participating municipalities, to ensure ongoing clarity and coherence to the Toronto Region’s bid. We also look forward to working in close coordination with the provincial and federal governments as we gain a clear understanding of the next stages in Amazon’s process.
From a future-proofed talent pipeline, to universal health care and benefits, to an incredibly cost competitive business climate, the Toronto Region is the location that addresses all of Amazon’s needs. That is why we are the destination of choice for so many companies, large and small, from around the world and here at home.”
About Toronto Global
Launched in February 2017, Toronto Global is an arms-length not-for-profit corporation representing municipalities in the Toronto Region. Its mandate is to work with our municipal, provincial and federal colleagues to market the entire region to international investors by promoting the Toronto Region’s diversity of services, sectors and industries, diverse and innovative workforce and strong and stable economy to attract FDI from targeted industries around the world. Toronto Global’s work builds upon the federal and provincial government’s commitment to growing Canada’s innovation and knowledge-based economies by driving targeted, region-wide economic growth to generate quality skills, jobs and opportunities for Canadians.
Toronto Global’s team of experts provides a comprehensive, customized service to ensure a smooth transition for international companies wishing to do business in the Toronto Region. Toronto Global makes investing in the region simpler by actively researching and targeting growth sectors such as advanced manufacturing, life sciences, financial services, technology and food and beverage with a goal of bringing companies to the region to generate economic growth and create high value jobs.
About the Toronto Region
The Toronto Region is the economic engine of Canada, generating 20 percent of the country’s GDP and housing 40 percent of Canada’s business headquarters. The region is a major player on the international stage, attracting business investment from all over the world. There has never been a better time to come together to build on this momentum and to bolster the region’s stellar global reputation as a safe, stable and profitable place to invest.
The region is the most multicultural in the world and home to the most skilled and highly educated workforce among countries of the Organization for Economic Co-operation and Development (OECD). With our strong and diverse economy, competitive business costs, exceptional talent pool, strategic location and unmatched quality of life, the municipalities that make up the Toronto Region present a global business offering that is second to none.
Director, Marketing and Communications, Toronto Global