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Toronto's unique offering of quality of life, talent and competitive business climate make it the choice for businesses looking to grow.

Toronto Life is Good >

World’s best place to live
–The Economist, 2015

Top 10 most appealing cities to live and work
–Youthful Cities Index, 2015

Situated on the northwestern shore of Lake Ontario, Toronto has more  than 1,600  public parks and 600 km of trails, many of which lie within a lush, green ravine system and along the shoreline. The Toronto Islands  offer a relaxing getaway with more  parkland and beaches in a unique  car-free  community, just a short  ferry ride from downtown. The city is known  for its array of distinctive and dynamic  neighbourhoods and a vibrant arts and entertainment scene. Nightlife in Toronto isn’t limited to nightclubs; the range  of choices spans wine bars,  microbreweries, and venues for live music  and cultural experiences that reflect  the extensive diversity of its population. Toronto foodies enjoy the best in global cuisine with top-tiered restaurants and internationally  renowned chefs alongside trendy markets and food trucks. The city’s retail scene offers  both global and local brands, as well as crafty local markets and specialty boutiques. Toronto is a major league city – home to six major professional sports teams and thousands of adoring fans. The mesh of performing and visual arts,  music, sporting events, and cultural festivals creates a palpable  energy that ripples throughout the city.

Toronto Competitive >

 

The world’s most tax-competitive major city

Toronto ranks ahead of all large U.S. cities and is sixth worldwide in business cost competitiveness
–KPMG Competitive Alternatives Report, 2014

Annual business operating costs are significantly lower in Toronto than in many leading international centres. The governments of Canada, Ontario and Toronto provide a range of incentives to allow businesses to grow and prosper in a politically stable environment. Each order of government has demonstrated a commitment to competitive tax rates, resulting in a combined corporate income tax rate of 26.5 per cent, approximately 13 percentage points lower than the U.S. average. With the elimination  of over 1,500 tariffs on manufacturing inputs,  machinery and equipment, Canada was  the first country in the G20 to become a tariff-free zone for manufacturers and offers  the lowest overall tax rate in the G7. The City of Toronto’s unparalleled financial stability and dynamic  investment strategies mitigate the risk of inflation instability, exchange rate fluctuations, and limitations to short or long-term capital access, force majeure, and higher operating costs.

Toronto Growing City >

No.1 in the world for long-term real estate investment
–Grosvernor Group, 2014

Hottest luxury real estate market in the world
–Christie’s International Real Estate, 2015

There is no question that construction, a key indicator of economic vitality, is booming in Toronto. The city is also benefiting from a surge of investment in public infrastructure and transit  to meet the needs of this rapidly expanding region.  The newly completed UP (Union Pearson) Express connects people by rail from downtown to Pearson International Airport in only 25 minutes. Union Station,  Canada’s busiest, most important multi-modal  passenger transportation hub is also undergoing a major redevelopment. Toronto’s waterfront revitalization is the largest urban renewal project  currently underway in North America. The ground-breaking Regent Park Revitalization project  is transforming the former  69-acre  social-housing development into a self-sufficient mixed income, multi-use community. The LEED Gold-designated Southcore Financial Centre has recently increased premium office space in downtown Toronto by 1.4 million square feet.  In the past  40 years,  Toronto’s downtown population  doubled and one-third  of all jobs in the city are now within the core.

Toronto Global >

Fifty-one per cent of Toronto’s residents were born outside Canada and over 150 languages and dialects are spoken here

Eighth most popular destination for global talent – ahead of San Francisco, Tokyo, Munich and Copenhagen
-Boston Consulting Group, 2014

Every day, people from around the world are converging in Toronto; tens of thousands choose this city as their new home each year. Toronto’s numerous and reputable academic institutions are international hubs of research and higher  learning, attracting thousands of international students annually. Canada ranks  among the  top of OECD (Organisation for Economic Co-operation and Development) countries for completed post-secondary education and Toronto residents have higher  levels  of educational attainment than  other Canadians. Toronto’s deep, diverse and globally connected talent pool of skilled, highly-educated and culturally savvy individuals  is the driving force  behind its economic prosperity and innovation. Diversity truly is Toronto’s strength, making the  city a dynamic, progressive and welcoming place  to work and live.

 

Toronto Gateway >

More than 135 million people live within a 90-minute flight of Toronto

Toronto’s airports provide non-stop and same-plane service to 200 global destinations in 55 countries

A Toronto address puts  your business in the heart  of the political and financial centre of North America with close proximity to New York, Chicago,  Boston and Washington. Toronto is served by two airports, Toronto Pearson International and Billy Bishop,  offering more  than a thousand daily flights combined. International trade agreements (North American  Free Trade Agreement and the Comprehensive Economic Trade Agreement between Canada  and the European Union) open the door to more  than one billion consumers across the United States, Mexico and the European Union with a combined GDP of over $37 trillion. Canada  was  recently designated as the first renminbi  (RMB) trading hub in the Americas and the only RMB trading hub in North America. This designation strengthens our economic and business relationship with China, making the cost  of doing business with Asian partners cheaper for Canadian companies, and boosting trade between the two countries.

Toronto Startup >

Toronto’s startup ecosystem is the largest in Canada and ranks in the top 20 most active startup scenes in the world
–Compass Global Startup Ecosystem Ranking, 2015

Ranked among the top three cities in which Venture Capitalists and Angels are most interested in investing
–AngelList, 2014

Small businesses form the cornerstone of economic growth and job creation for Toronto. The city’s vibrant startup ecosystem has achieved international recognition and homegrown successes are now inspiring a future  generation of entrepreneurs. The strength of Toronto’s startup ecosystem is fueled by the city’s highly-educated and globally- connected talent  pool and  a unique  set of support programs that  foster innovation  and collaboration. At its core, Toronto is a diverse cluster of business incubators and accelerators that offer a range  of services and strategic partnerships to support sectors from technology and biotechnology to food manufacturing, fashion  design and music. These organizations have contributed to growing  some of the most cutting-edge startups in North America.

Toronto Innovate >

One of the largest life sciences sectors in North America with more than 800 companies

Third largest North American centre for information and communications technology firms
–Branham Group Report, 2014

Toronto’s life sciences and health sciences cluster attracts over $1B annually in research and employs close to 40,000 highly trained professionals. At the core of this diverse ecosystem is the Toronto Discovery District, a 2.5 square- kilometre downtown research park surrounding world-class research hospitals. With more than 650,000 square-metres of facilities, this innovation centre represents Canada’s largest concentration of research institutes, business incubators, and banking / venture capital organizations. At its heart  is the MaRS Centre, one of the world’s largest urban innovation hubs, and a home for entrepreneurs building Canada’s next generation of growth companies. Toronto is also one of the top technology industries on the continent with a thriving startup community and more than 14,000 established businesses including tech  giants  like Microsoft, IBM Cisco, Google and Facebook.

Toronto Make It >

Second largest aerospace cluster in Canada providing a broad range of aerospace/aviation design, manufacturing, and product support for the global industry

Second largest and fastest growing food and beverage sector in North America with more than 1,100 food and beverage production establishments

Toronto is the destination of choice  for a wide range  of traditional and advanced manufacturers. Approximately 4,300  of these firms employ  almost 120,000 people, representing nine per cent  of Toronto’s total employment. Their activities  are integrated across industrial sectors: food and beverage, life sciences, fashion/apparel, technology, machinery and equipment, automotive and aerospace. Digital manufacturing, nanomanufacturing, flexible electronics manufacturing and additive manufacturing technologies are all being used or introduced in Toronto. The manufacturing landscape has also evolved  with the advent of the maker movement – a global movement of computer programmers, crafters, designers, engineers, artists, scientists, and entrepreneurs who are reinventing the way products are made. And the city is seeing an influx in infrastructure to support this movement from organic meet-ups and workshops to more formalized institution-led programs.

Toronto Created >

Arts and culture contribute $11.3 billion annually to Toronto’s GDP and employ 130,000 people

$1.23 billion was spent on film and television productions shot in Toronto in 2014

Toronto is home to Canada’s largest and most diverse creative cultural economy, with a strong reputation for developing artists who go on to global fame. Sixty- six per cent  more  artists live in Toronto than in any other  Canadian  city and contribute to a rich interdisciplinary cultural sector. Toronto’s reputation as a film production powerhouse and its well-established vibrant music  scene makes it the third-largest centre in North America alongside Los Angeles and New York City for both the film and music  industries. The Toronto International Film Festival (TIFF) has become the launching  pad for the best of international, Hollywood and Canadian cinema, and is recognized as the most important film festival after Cannes. The Province  of Ontario offers  one of the  most comprehensive ranges of tax incentives for film and television production and digital media,  and has established an annual $15 million Ontario Music Fund, which reflects the importance of the  creative sector to the  economy.

Toronto Talent >

Toronto’s eight publicly-funded post-secondary institutions collectively enrolled 245,508 full-time students in 2014

The DMZ at Ryerson ranked top university-based incubator in North America
–UBI Global, 2015

Toronto is the largest centre of education, research and innovation  in Canada. Toronto’s internationally- renowned educational institutions play an integral role in the city’s  ability to attract the best businesses and the brightest minds. Innovative  post-secondary programs such  as the DMZ at Ryerson University; OCAD University’s Strategic Innovation Lab; Humber College’s HumberLaunch entrepreneurship program; George Brown College’s Food Innovation  and Research Studio; Sheridan College’s Oscar-winning animation program; and York University’s new  academic-industry joint venture to fund 3D Film Innovation, support skills development as well as incubate and accelerate new companies. Toronto’s leading-edge manufacturing industry  benefits from programs such as Seneca College’s Office of Research and Innovation,  which offers  a focus  on applied research in manufacturing; and the University of Toronto’s Mechanical and Industrial Engineering program which houses a research laboratory focused on advanced manufacturing and materials engineering.

"A culture of collaboration is really at the heart of what’s next in innovation. What’s exciting in Toronto is that we have local and international businesses partnering with the startup ecosystem and increasingly with the academic community to position themselves for success in the future. And it’s happening across the spectrum from digital media and information technology, to life sciences and healthcare, energy solutions and social innovation.”
Dr. Ilse Treurnicht, CEO, MaRS Discovery District
“The scale and quality of meet-ups and conferences and speaking events have gone up dramatically. You don’t need to leave Toronto to build a successful company.”
Evgeny Tchebotarev, Co-Founder, 500px
"If you come to our studio and take a look at the people sitting around the table discussing ideas, they’re from almost every part of the world. I think it has really helped Umbra create an international style.”
Paul Rowan, Co-Founder and VP Inspiration, Umbra
"Toronto is emerging as a technology hub and attracting increased investment, including ours, because of forward thinking government and amazing access to technology, an incredible talent pool and leading educational institutions, as well as industries and markets in healthcare and financial services.”
Dr. Rick Huijbregts, Vice-President, Industry Transformation, Cisco Canada
“In Toronto, Bombardier manufactures business and commercial aircraft and relies on the diversified, local regional supply chain. We work with more than 70 suppliers located in the Greater Toronto Area and we benefit from a variety of expertise going from complex machining to systems integration.”
Graham Kelly, Vice-President, Global Operations & Toronto Site, Bombardier Aerospace
“I think it’s an attractive place to come for talented people, it's a huge market for creative people and I think there are some companies emerging that give people hope that it can be done here.”
Mike McDerment, CEO/Co-Founder, Freshbooks
"Startups in Toronto benefit from support at every stage. From the very early stage we have incubators, accelerators and seed stage investors. In the growth stage, we have funders willing to invest a lot of money to really help a company take-off. This gives tech companies in Toronto a huge advantage.”
Allen Lau, CEO & Co-Founder, Wattpad
“Something that makes Toronto truly unique is that willingness to share and communicate with people very openly inside the industry looking at the global pie as something we can all co-create and achieve together.”
Satish Kanwar, Director of Product, Shopify
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