7
Research and analysis: Five key
themes for growth
Following on the literature review presented in the previous chapter, City
officials commissioned original research to ground recommendations for
specific economic development initiatives for Brampton based on the
experience of other, similar cities, and input from local stakeholders. This
chapter reviews the results of this research, organized by the five key themes
the City identified as being critical to achieving sustained economic growth, as
follows.
Talent and workforce: Attracting, developing and retaining talent is paramount
to any city’s economic growth. The right workforce gives a city a competitive
edge. Investment flows in. Existing businesses thrive. Residents are gainfully
employed in their community. At the same time, investment into local talent
stimulates collaboration and partnerships—with businesses and post-secondary
institutions—and ample opportunities for innovation.
Investment: Public and private investments in public infrastructure,
commercialization of new knowledge, green investments and education not
only bring social and cultural benefits to cities but also foster a more
sustainable, diverse and innovative local economy that offers opportunities for
all citizens.
Innovation and technology: Innovation and entrepreneurship shape the future
of a city and drive economic growth by spurring the creation and dissemination
of new knowledge and technological breakthroughs. City governments play a
crucial role in providing the local conditions in which entrepreneurship and
innovation can thrive—fostering transformative job creation, technological
development and productivity.
Employment lands: City leadership is proactive in managing the supply of
available employment lands to promote commercial, and industrial
development. Strategic initiatives and processes reduce encroachment into
existing employment areas and preserve designated and future employment
lands while fostering connections within the municipality and with neighbours.
Brampton’s work under this theme will require collaboration with the
Government of Ontario, since it protects and manages employment lands
through the Planning Act and various other Provincial plans.
Competitiveness: A city’s competitiveness drives economic development, and
stimulates wealth and prosperity for residents by facilitating business and
industry growth. The City must develop and implement policies, initiatives and
processes—particularly in the area of investment attraction—to help Brampton
stand out in an increasingly challenging globalized environment.
Steering Committee input
• The City of Brampton can play a
key leadership and facilitation
role in workforce development.
• Incentives and business
support loans should be
available to new start-ups.
• The City must develop and
implement a new brand that
reflects the focus on key
innovative sectors, culture and
a sense of urban place.
• Brampton needs a collaborative
space/incubator to nurture and
develop new business
opportunities.
Invited business and organization
focus group input
• Brampton will be a world-class,
tech-based smart city,
education destination and
innovation hub.
• It will be an established
technology and advanced
manufacturing hub.
• It will have a transformed
brand: from bedroom
community to the next
metropolitan centre.
• It will have an established and
prominent academic presence.
• Businesses will be proud to be
here, while the lifestyle will
attract and retain employees.
• Brampton will be a community
that encourages work-life
balance.
• It will be a business destination
with sustainable office
infrastructure and green space.