OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE CCIM West Economic Forum Presentation by: Rob Milligan, CEO

“The Oakville Economic Development Alliance is committed to enhancing Oakville as a diverse live/work community with a sustainable economic base that reinforces the health of the community and maintains the high quality of life” OUR VISION 2005 Economic Development Strategy

1.Continue development of a Business Retention and Expansion program. 2.Engage in business attraction programs designed to encourage investment in targeted sectors and clusters. 3.Promote the Town as a location for tourism investment and as a tourist destination. 4.Encourage the creation of an adequate supply of serviced employment lands that allow for flexible, multi-use development that supports an increase in Town-wide live/work opportunities in Oakville. OBJECTIVES

Professional, Scientific & Technical Services Real Estate, Rental & Leasing Retail Trade Educational Services Management of Companies & Enterprises High Growth Clusters Competitive Analysis

Carvalho Scale - Ranking Oakville’s Industrial Sectors Oakville to Ontario HighPerformers MediumPerformers PoorPerformers Competitive Analysis

Town of Oakville Town of Oakville Oakville Chamber of Commerce Oakville Chamber of Commerce Sheridan Institute Sheridan Institute Residents Residents Business Community Business Community Oakville Hydro/Blink Oakville Hydro/Blink Partnerships Are Key

EMPLOYMENT LANDS The amount of employment land designated in the Official plan is related to the amount of industrial and office employment required by the municipality to achieve Activity Rate policy goals, and to maintain a competitive supply of vacant and marketable employment lands. The amount of employment land designated in the Official plan is related to the amount of industrial and office employment required by the municipality to achieve Activity Rate policy goals, and to maintain a competitive supply of vacant and marketable employment lands. The municipality will strive to maintain a minimum 15 year supply of vacant employment lands. The municipality will strive to maintain a minimum 15 year supply of vacant employment lands. AVERAGE ABSORPTION FROM 1990 TO 2004 = acres AVERAGE ABSORPTION FROM 1990 TO 2004 = acres 15 Year Supply Approximately (15 x 50) = 750 acres 15 Year Supply Approximately (15 x 50) = 750 acres

EMPLOYMENT LANDS

INTENSIFICATION + REVITALIZATION The knowledge-based economy depends on what economists call high human capital -- what most of us would call talent. The knowledge-based economy depends on what economists call high human capital -- what most of us would call talent. Nobel prize-winning economist Robert Lucas maintains that the driving force in the growth and development of cities and regions can be found in the productivity gains associated with the clustering of talented people. Nobel prize-winning economist Robert Lucas maintains that the driving force in the growth and development of cities and regions can be found in the productivity gains associated with the clustering of talented people. But what brings talented workers to those areas? How do they make their residential and business location decisions? What sets high-technology centers such as Silicon Valley and Route 128 in Boston apart from other metropolitan areas? Why have some cities - many home to some of the nation's most prestigious university research centers and college graduates - been unable to attract talented technology workers? But what brings talented workers to those areas? How do they make their residential and business location decisions? What sets high-technology centers such as Silicon Valley and Route 128 in Boston apart from other metropolitan areas? Why have some cities - many home to some of the nation's most prestigious university research centers and college graduates - been unable to attract talented technology workers? The Game has Changed:

INTENSIFICATION + REVITALIZATION  B.I.A. (2) Downtown, Bronte  Kerr Street Example  Corporate call program  Target environmentally friendly businesses in the Knowledge Based/Adv. Manufacturing/Professional Services.  Use employment lands most efficiently.  Higher employment densities from head offices. Business Retention and Expansion Business Attraction

There will be Growth

OAKVILLE ECONOMIC DEVELOPMENT ALLIANCE Thank You for Attending!