Markham Mayor Frank Scarpitti is joined by York University and Seneca College Presidents to discuss innovation and diversity.
The success of the City of Markham’s economic development strategy was celebrated at a public meeting.
Markham 2020 has been a successful blueprint for guiding the City’s economic development program and has positioned Markham as the premier destination in Canada to live, work, play and build a business.
“Markham’s strong diverse community of innovators and entrepreneurs is admired by other Canadian municipalities,” said Mayor Frank Scarpitti. “Markham 2020 has guided us in establishing Markham as a vibrant centre for business growth and investment.”
The event highlighted Markham’s award-winning economic development strategy, the bright future ahead and the substantial contributions that York University and Seneca College will be making to the City’s success.
Markham’s economic success since the launch of Markham 2020 in 2008 can be attributed to the strategy’s many initiatives including key supports for small and medium-size businesses.
Markham is Canada’s high tech capital with over 1,100 information and communications technologies and life science businesses.
Markham has added 22,000 jobs since 2008.
Strong partnerships with the provincial and federal governments to deliver programs and services to help new businesses get off the ground and existing businesses grow.
Markham Convergence Centre supports the commercialization of innovative ideas and activities.
Diversity remains a vital component. Markham is the most diverse community in Canada and diversity remains one of its top priorities. Close to 60 per cent of Markham residents were born outside of Canada.
Markham’s diversity contributes significantly to its social, cultural and economic enrichment.
Strong partnerships with post-secondary educational institutions include Seneca College and York University; and a new campus of York University that will initially accommodate 4,000 students and increase capacity over time to accommodate 20,000 students.
This fiscal performance is unprecedented in the GTA resulting in an average annual tax rate increase of just over one percent in the past seven years.
Markham has more than doubled its reserve funds from $105 million to $216 million.
It is this growth that helped to attract the TO2015 Pan American Games.
A municipality with more than 350,000 residents centrally located in the Greater Toronto area, Markaham is home to over 400 corporate head offices and more than 1,100 high tech and life science companies. Founded in the 1790s, Markham enjoys a rich heritage, outstanding community planning and services, and a vibrant local economy.
Markham received the Excellence Canada Gold Award for Organizational Quality and Healthy Workplace, and multiple heritage and environmental awards.
More at www.markham.ca.Posted: Jun 1, 2016