Mississauga’s economic development strategy unveiled

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Mississauga’s Mayor Bonnie Crombie announced it is developing a new economic development strategy that includes creating ‘27 jobs a day.’

That magic number was generated following a survey conducted of employers by the city’s economic development office. The strategy is to attract businesses and increase employment. This is being done by offering hard to resist investment opportunities.

As the city aims to push its weight in the Toronto-Waterloo Region Corridor, it seeks to attract talent to become an innovation hub, the mayor added.

Mississauga is already home to technology, pharmaceutical, and film and television sectors. A new economic development strategy aims to grow the life sectors of life sciences, advanced manufacturing, clean technology, finance, and food and beverage sectors into leading clusters in Canada.

As part of its consultation period, the city has hired Hatch to provide economic research and consultation services. It will work with Hatch, the local business community, and residents to develop details of its strategy.

After the consultation period is done, the comprehensive strategy will be presented to council for approval.

Residents and businesses are encouraged to visit yoursay.mississauga.ca/EDstrategy to learn more and provide input. -CINEWS

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