Our Impact
Toronto Global's
Impact
International investment is critical to Canadian economic growth. It is a significant component of our economy that creates high-paying jobs, expands trade, boosts productivity, provides access to new technologies, strengthens innovation, and links Canadian firms to global supply chains. International companies are betting big on the Toronto Region.
Since our inception, we have remained dedicated to contributing jobs and investment dollars to the regional economy.
Ontario Minister of Economic Development, Job Creation and Trade, Vic Fedeli with Toronto Global CEO, Stephen Lund and the team from GeoComply
Impact to date
Company Expansions
Total company expansions
Total Jobs Created
DIRECT, INDIRECT AND INDUCED JOBS
Total Tax Impact
TAX REVENUE GENERATED ACROSS 3 LEVELS OF GOVERNMENT
Total Capital Expenditure
IN ECONOMIC IMPACT
Return on Investment (Since Launch)
Toronto Global Employee
30
Number of Investments Per Employee
10
Number of Total Jobs Created Per Employee
1,236
Total Tax Impact Per Employee
$48M CAD
Tax Revenue Generated for Every $1 of Government Funding Received
$26 CAD
Our Markets
Canada
United States
Europe
India
East Asia
Economic Impact Reports
Oxford Economics was commissioned by Toronto Global’s SCORE Program to assess the estimated economic impact of two key investment projects in the Toronto Region. The economic impact analyses in these reports include the activity at the facility itself (the direct impact), along with the full supply chain (indirect) impact, and the economic activity supported by the spending of direct and indirect workers (induced impact). Impacts are measured in terms of GDP, labour income, employment, and taxes generated.
The Economic Impact of The Cultivated B.
This Oxford Economics study assesses biotechnology company The Cultivated B.’s (TCB) first Canadian facility located in Burlington, Ontario, in the Regional Municipality of Halton. In 2023, the company’s activities are expected to contribute $69.3 million towards GDP and support 510 jobs with $49.9 million in labour income across Canada. TCB’s activities are also expected to generate $33.5 million in tax revenues across Canada, where $22.7 million is generated from the Region of Halton.
The Economic Impact of Recursion Pharmaceuticals
This Oxford Economics study assesses clinical biotechnology company, Recursion Pharmaceuticals’ newest Canadian facility located in Toronto, Ontario. In 2023, the company’s activities are expected to contribute $27 million towards GDP and support 202 jobs with $20.4 million in labour income across Canada. Recursion’s activities are also expected to generate $22.7 million in tax revenues across Canada, where $8.2 million is generated from the City of Toronto.
Our Experts
Toronto Global’s team of expert business advisors is an important link between government and academia, industry and both global and domestic businesses, giving us a unique vantage point and ability to act as connectors within the region. Our team works to identify key challenges, opportunities and gaps within our regional economy and works with industry leaders and policy makers to come up with solutions that we can champion together. Check out some of the activities we have been working on to date.
Wet Labs
There is a soaring demand from life sciences companies to join Toronto’s strong ecosystem. This region’s life science talent and research capabilities in growing areas from artificial intelligence to regenerative medicine are a huge draw for the world’s leading companies. However, the lack of wet lab space is an impediment to being able to attract them here. Toronto Global has been championing this issue, releasing a White Paper and Call-to-Action that led to the creation of a Wet Lab Coalition made up of key industry stakeholders from across the region. Together, we are driving home the importance of building wet labs to the overall growth of the industry.
Questions about expanding your business to the Toronto Region?