Categorized | Business

Brampton business event provides inspiration for economic growth

Posted on 18 May 2017 by admin

BRAMPTON, ON – Yesterday (May 9) the City of Brampton unveiled a new sector-focused approach and forward thinking vision for economic planning at its Economic Update event.

More than 220 business representatives from Brampton and around the GTA were on hand to network, receive a copy of Brampton’s Economic Review 2016, and hear about new directions and plans for the City and for economic development in Brampton.

“We’re building something exciting in Brampton,” said Mayor Linda Jeffrey. “Our young, fast growing population, our position in the middle of the Waterloo-Brampton-Toronto Innovation Super Corridor and our vision for the future is changing the game in Brampton.”

Robert Hogue, RBC Senior Economist and member of the Macroeconomic and Regional Analysis Group with RBC Economics Research, delivered the event’s keynote presentation at the event. Mr. Hogue assessed the state of Canada’s ‎economy and prospects for the year ahead within the global context, foucsingspecifically on the outlook for Ontario and the opportunities and risks from international trade.

Councillor Jeff Bowman, Chair of Economic Development, explained how the City is positioning itself as a significant competitor to other Canadian and global cities. “We’re focusing economic development on key sectors that reflect traditional strengths and look ahead to the skills and industries of tomorrow. And we’ve taken on a commitment to grow cultural vibrancy in our city, adding to our competitive edge through quality of life.”

The focus sectors are health and life sciences, advanced manufacturing, food and beverage and innovation and technology sectors. The goal of this targeted approach is to drive growth and be an expert resource to help businesses grow.

The health and life sciences sector has been in the spotlight recently with the official grand opening of the Peel Memorial Centre for Integrated Health and Wellness. Atlas Healthcare also recently committed to developing a 6-storey medical facility in the same area. In conjunction with this, the City also released a study on the development of a health cluster around Peel Memorial.

Bob Darling, Director of Economic Development and Culture at the City, spoke about these opportunities at the Economic Update event. “We’re building connections with healthcare providers and businesses to drive innovation and growth in this sector. Building on the strengths of Peel Memorial, the recent study has identified a core strategy and niche to build on, developing something exciting and impactful in our Downtown centre.”

For more information about the event or the City’s economic development plans, please call 905.874.2650 or e-mail edo@brampton.ca.

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