CivicAction helped pave the way to revitalized regional foreign direct investment agency Toronto Global by convening advisory group of GTA Mayors, Chairs and business, government and academic leaders.
In February of 2014 Co-chairs of the Greater Toronto Marketing Alliance (GTMA), Mayor Dave Ryan, City of Pickering, and John Tory, Chair, CivicAction, gathered to call for business and all levels of government to embark on a properly funded regional team effort to pursue and attract potential investment and jobs to the Greater Toronto Area. On February 10, 2014 they released the “Roadmap to Revitalization,” the first-ever report on the state of foreign direct investment attraction and cooperation in the GTA. The report was commissioned by the GTMA board and developed in conjunction with PwC, together with a volunteer advisory group of thought leaders from business, government and academia, under the auspices of CivicAction.
The “Roadmap to Revitalization” report examines why foreign direct investment is important for the GTA’s economy and how we compare to regions like Greater London (U.K.) and the Greater Montreal Area. The report finds the GTA is significantly underperforming relative to its potential, suggests practical solutions, and provides a blueprint for action, including increased financial commitment from business and all levels of government.