9 Jun 2011

Toronto board says more needs to be done to lure businesses to city

A new report finds that Toronto officials are not employing effective techniques in luring more businesses to come to the Greater Toronto Area.

In a 32-page report issued by the Toronto Board of Trade, called ‘Shifting into High Gear,’ members of the board list several things government officials and business owners can do to further enhance the city’s appeal to entrepreneurs.

“As the Toronto region’s economy goes, so goes Ontario’s,” said Carol Wilding, president and CEO of the TBT. “Our city-region lacks a coordinated economic strategy. To compete with the global regions of the world we need to be economically synchronized.”

While the report found Toronto’s business-friendliness could be improved upon, it’s already one of the leading cities for business generation. The TBT says 20 percent of Canada’s GDP comes from Toronto workers. A Profit magazine analysis recently found that some of Canada’s fastest growing businesses are in Toronto, which may explain why so many business storage units are sought after.

Be Sociable, Share!

Related Articles [3]

15 Storage Hacks for Your Business

February 21st, 2020
Your business running out of storage space to keep inventory, equipment, documents, or any other items is a good problem to face. It means that your company is growing, and...

How Self-Storage Can Improve Your Business Bottom Line

January 7th, 2020
Every modern business is looking for new ways to boost productivity, cut expenses, and increase profits. Currently, businesses in Toronto, and especially small businesses,...

Seven Reasons Your Business Would Benefit From Using Storage

January 7th, 2020
Many businesses find themselves in need of additional business storage at some point down the line. Self-storage units can be used for a wide range of commercial...

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL