Distributive policy

The Board of Directors publishes five political priorities before

Toronto, Sept. 13, 2022 (GLOBE NEWSWIRE) — Today, the Toronto Region Board of Trade released its Hit Go on Growth Toronto: 2022 Municipal platform ahead of the October 24 election, calling on new leaders to #HitGo on five key areas for growth in our region. The platform highlights the urgency to act now and offers policy suggestions on mission-critical projects that can fuel the region’s economy and improve our quality of life.

“This municipal election comes at a critical time for our Region. The challenges we face today are the same as those we faced before the pandemic, but now, in many cases, more acute,” said John DeSilva, President and CEO, Toronto Region Board of Trade. “The key to unlocking our economic recovery and growth increasingly lies beyond the borders of individual cities. This requires collective action by municipalities in our region, the province and the federal government to meet our future needs for mobility and land-use solutions for our non-functioning businesses and workforce. not just in one city.

When elected officials take their seats on Toronto City Council this fall, we’re asking them to seek regional collaboration and bold action on the root causes of the issues impacting our region’s growth, competitiveness and quality of life.

“There is plenty of evidence that when decision makers are bold, collaborate and reject inertia, we see tangible progress,” said Gilles Gherson, Executive Vice President and President, Economic Blueprint Institute, Toronto Region Board of Trade. “This positive attitude is essential if our region is to address the intractable public policy challenges that have caused us to fall behind our global peers.”

Here are five key priorities the City of Toronto can #HitGo on today to spark vital economic growth tomorrow:

1. THINK LIKE A REGION

Today’s economy is regional. Toronto’s great challenges do not lie within the geographic boundaries of our municipalities. The municipalities that make up the Toronto region do not have formal mechanisms to coordinate key priorities.

2. BUILD MORE HOUSING

Over the next decade, the GTHA will need an additional 140,000 high-rise homes and 334,000 low- and mid-rise homes to keep up with projected population growth.

However, Toronto is not building enough homes for families of all income levels to meet these projections.

3. SPEED UP TRANSPORTATION

Although many catch-up projects are underway, the Toronto area’s underbuilt and fragmented transit system continues to impact the quality of service for riders. At the same time, decarbonizing all forms of transportation is essential to achieving Toronto’s Net-Zero goals.

4. SUPPORT LOCAL TECHNOLOGY

The Toronto region is a world leader in cutting-edge technology innovation, yet these local companies face significant barriers to growth because their technology is often not commercialized in Canada.

5. CUT THE RED PAPER

Starting, expanding and investing in our region remains a huge challenge for businesses, made even more onerous by unnecessary and cumbersome red tape.

To learn more about the specific policy changes the Commission is advocating for, visit our Toronto Municipal Elections 2022 webpage.