350 bay street, suite 1200 m 1-1 tel: 416-360-7320 fax: 416 …€¦ ·  · 2015-05-15etap-on-line...

16
350 Bay Street, Suite 1200 Toronto, Ontario, Canada M5H 2S6 Tel: 416-360-7320 Fax: 416-360-7331 North America: 1-800-411-4482 M 1-1 MARKETING ALLIANCE BOARD OF DIRECTORS Mayor David Ryan (Co-Chair. Public Sector) City of Pickering Michael Ras (Vice-Chair) Senior Associate Public Affairs GCI Group Canada George Hanus President & CEO Greater Toronto Marketing Alliance John Davidson Director Economic Development Regional Municipality of Halton Jim Feir (Associate) Director & Senior Trade Commissioner Foreign Affairs Trade and Development Canada George A. Fierheller (Chair Emeritus) President Four Halls Inc Eugene Gierczak Partner Miller Thomson LLP Mayor Rick Goldring City of Burlington Ted Gruetzner Vice President Corporate Relations and Communications Ontario Power Generation Lorrie McKee Acting Vice President. Stakeholder Relations and Communications Greater Toronto Airports Authority Derek Millar Vice President Ian Martin Limited Dr. Pamela Ritchie Dean. Faculty of Business &Information Tecnnology Universityof Ontario Institute of Technology Colin Ross President DTZ a UGL company Robert Siddall Chief Financial Officer Metrohnx John B Simcoe Partner Audit & Assurance PncewaterhouseCoopers LLP Mayor John Tory City of Toronto Mayor Linda Jeffrey City of Brampton Regional Councillor Joe Li City of Markham Michael Williams General Manager Economic Development & Culture City of Toronto GTAEDP for Toronto International: 1-800-735-3280 [email protected] www.greatertoronto.org RECEIVED May 7, 2015 MAY 11 m Office otftfe Mr. Dennis Cutajar Corporation of the City of Brampton 2 Wellington Street West Brampton, ON Economic Development Committee L6Y 4R2 Date: Masj 21, 2Q15 Dear MrCkrtajar, 2014 marked another successful year for the Greater Toronto Marketing Alliance (GTMA) in securing foreign direct investment for the Greater Toronto Area (GTA). GTMA continues to be the lead marketing agency and central point of contact for prospective international investors looking to locate or expand their business into the GTA. This is an accomplishment we are very proud of and are delighted to share with our public and private sector partners. I invite you to read the enclosed GTMA 2014 Annual Report Building on Success to share in our collaborative achievements. In 2014, the GTMA helped 14 foreign companies start up new operations in the GTA, bringing the total number of companies we've assisted to 127. These investments have created 4,980 new direct jobs in the GTA, annually contribute over $547 million to the region's GDP, and stimulate over $9 million in annual property taxes from office and manufacturing spaces. If you would like more copies of this report, please do not hesitate to contact us. As always, we appreciate your comments and suggestions. Sincerely, jeorge Hanus President & CEO Enclosure IT) DTZ THE IAN MARTIN GROUP aA Halton York Region b... n< 2 •> CALEDON |M| InvestTorOnto pwc METROLINX rWMJSSISSAUGA •5S3 Inxfaq iKdojr lork I'L'liill'il'illiliini

Upload: doanphuc

Post on 07-Jun-2018

214 views

Category:

Documents


0 download

TRANSCRIPT

350 Bay Street Suite 1200 Toronto Ontario Canada M5H 2S6

Tel 416-360-7320 Fax 416-360-7331

North America 1-800-411-4482M 1-1 MARKETING ALLIANCE

BOARD OF DIRECTORS

Mayor David Ryan (Co-Chair Public Sector) City of Pickering

Michael Ras (Vice-Chair) Senior Associate Public Affairs

GCI Group Canada

George Hanus

President amp CEO

Greater Toronto Marketing Alliance

John Davidson

Director Economic Development Regional Municipality of Halton

Jim Feir (Associate) Director amp Senior Trade Commissioner

Foreign Affairs Trade and Development Canada

George A Fierheller (Chair Emeritus) President

Four Halls Inc

Eugene Gierczak Partner

Miller Thomson LLP

Mayor Rick Goldring City of Burlington

Ted Gruetzner

Vice President

Corporate Relations and Communications Ontario Power Generation

Lorrie McKee

Acting Vice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Derek Millar

Vice President

Ian Martin Limited

Dr Pamela Ritchie

Dean Faculty of Business ampInformation Tecnnology

Universityof Ontario Institute of Technology

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrohnx

John B Simcoe

Partner Audit amp Assurance

PncewaterhouseCoopers LLP

Mayor John Tory City of Toronto

Mayor Linda Jeffrey City of Brampton

Regional Councillor Joe Li Cityof Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

International 1-800-735-3280

askusgreatertorontoorg wwwgreatertorontoorg

RECEIVED May 7 2015

MAY 11 m

Office otftfe Mr Dennis Cutajar Corporation of the City of Brampton 2 Wellington Street West Brampton ON Economic Development Committee L6Y 4R2 Date Masj 21 2Q15

Dear MrCkrtajar

2014 marked another successful year for the Greater Toronto Marketing Alliance (GTMA) in securing foreign direct investment for the Greater Toronto Area (GTA)

GTMA continues to be the lead marketing agency and central point of contact for prospective international investors looking to locate or expand their business into the GTA This is an accomplishment we are very proud of and are delighted to share with our public and private sector partners

I invite you to read the enclosed GTMA 2014 Annual Report Building on Success to share in our collaborative achievements In 2014 the GTMA helped 14 foreign companies start up new operations in the GTA bringing the total number of companies weve assisted to 127 These investments have created 4980 new direct jobs in the GTA annually contribute over $547 million to the regions GDP and stimulate over $9 million in annual property taxes from office and manufacturing spaces

If you would like more copies of this report please do not hesitate to contact us

As always we appreciate your comments and suggestions

Sincerely

jeorge Hanus President amp CEO

Enclosure

IT) DTZ THE IAN MARTIN GROUP aA Halton York Region

b nlt 2 bullgt CALEDON |M| InvestTorOnto pwc METROLINXrWMJSSISSAUGA bull5S3 Inxfaq iKdojr lork ILliillililliliini

Ml-lGREATER GTMA 2014 TORONTO MARKETING ALLIANCE ANNUAL REPORT

INVESTMENTS IN THE GTA

ASSISTED BYTHE GTMA (1999-2014) AIC Group FilmStudios Almirall

Arkadin Inc

Arkadium

Apex Systems Avanti

BBA

Doogits Brand Networks

BREGroup Buchanan Group Centra Solar AG Circles

CitiFinancial Coach IT

CognizantTech Solutions Coin Co International Pic Computer AidInc

Corp Events Credit Risk Management CSF Radiators

Custom Bldg Products Can Dealer Tire

Delta Light Direct-Link

EDP Renewables

EIE Global

ETAP-ON-LINE

FairfaxInfoTechnology Fifth Third Bank

First Commercial Bank

FK Biotech

Forcare

Forward Innovations

Technologies Inc Foster Moore

Fronius Canada

Gameloft

Gateway Technolabs HDRDTA

Helukabel USA Inc

IDOM

InformedConsultingLtd Infosys Technologies Ltd INSI Technology Innovation KBE Intelligence Kerridge Inc Koei Inc

Lanogold Canada Co Ltd LISEC Engineering Little Kickers

Martifer Solar

Mastek

Mirabaud

Mountain Warehouse

Nation Builder

Nestle IT

New GPC Inc

Newgen Oak Systems International Oakatom Canada Inc

OAOTech

Old NavyThe Gap Patni Computer Systems Peer I Network

Penncorp PSideo

Plenary Group Canada

Polaris Software Lab Canada

Project-1 Rational

Return Path

Satyam Computer Services SDI Media Group Services LCS Canada Inc

Shootround

Siliken Renewable Energy Sinovel Wind

Siradel Canada

Soundhound

SpintopiaVision2Hire Sumitomo

Summer Music Conference

Sycor Canada Inc Tanmoral

Target

Techspace (Regus Bus Centres) Tern International

The Swann Group TheraVitae Inc

Thoroughbred Technologies TOS Trade Canada Inc

Turner ampTownsend

Ubisoft Toronto

Uline Shipping Supply Specialists

Voxar Limited

Ward and Burke

Construction Ltd

WeRecoverData

Wilson Manufacturing Wipro Technologies Wrench Solutions

Zomato

UJ

I H

yj

yy

MI-2 COMMUNICATION AND COLLABORATION ENSURE CONTINUED SUCCESS

~TM In September 2012 I joined the GTMA as Co-Chair (Private Sector) alongside Pickerings Mayor David Ryan as Co-Chair (Public Sector) Since then my role has allowed me to focus on what the GTA needs to do to become globally competitive to foreign investors how coordinated regional business missions can help and how the GTMA can be strengthened in its role

bull| of attracting foreign direct investment to the Greater Toronto Area Earlier this past year Istepped down as Chair of Civic I Action Alliance where Ihad been working to achieve several objectives in this positionA key objective was to address what | our delegates told the Civic Action Alliance at the Greater Toronto Summit meeting in February 2011 The message then and

also now was loud and clear that economic development is a regional challenge Up until now our approach has beenwith the exception of the herculean pioneering efforts made by the GTMA not very regional

The problem that the GTMA continues to face is that it is underresourced Ifit is going to be an organization to effectively spearhead a regional effort to market the GTA asa place for investment and job creation it needs to bestrengthened Itmeans we have to revitalize the organization to earn theconfidence oftheentire region and also to attract substantial additional resources to get the job done effectivelyThis objective was fulfilled when PwC prepared the very detailed Roadmap to Revitalization report In working on the PwC report we have forged a strong partnership between Civic Action and the GTMA Itwas felt thatsince Civic Actions Summit in February 201 I identified the real desire on the partof partners in the region for a more coordinated regional marketing effort that we needed to build up the GTMA organization that has existed for some time and has done very good work

The GTMA hasdone good work on a very limited budgetduring its eighteen yearsand done it without sufficient involvement of everybody in the region Now through the work of the Roadmap to Revitalization weve found ways to remedy those shortcomings My time to date has been focused on those things but this is not a partnership with Civic Action Within the region there have been various individual business missions taking place I dont believe these activities create competition that should be problematic for other municipalities in the GTA or the GTA as a wholeI think that it is more desirable for us to haveas many of those missions as possiblebeing regional and representing the entire GTA Foreign investment is going to play a role in tackling unemployment Its going to be a contributor as are start-up businesses led by entrepreneurs and the expansion of existing businessesThese are all very important to a growing economy and to creating newjobs and reducing unemployment Foreign direct investment is part of the answerThats why its important that we pursue that as effectively as possible We have to believe that a stronger regional organization thats out chasing foreign investment and doing it efficiently isgoing to be a big plus

With all of the success this year GTMA has achieved that on a very limited budget It achieved it on the basis where there was still a lack of unanimous commitment to a regional organization and theres a need to substantially increase the resources ifwere going to make this organization effectiveThis has now been identified by the Roadmapto Revitalization report Until I stepped down from myrole as Co-Chair (Private Sector) my rolehad been to comeup with a plan to revitalize this organization to make it completely regional with everybody buying in 100 per cent and to getmore resources to allow it to do even more of the work that it does bestWe were assisted in this through the consulting services of PwC in the preparation of the report My goal continues to be to try to get the agreement of all the different players involved to design a framework for a larger expanded truly regional and well-supported organizationmdashwell-supported meaning more moneyThats been my mandate and I look forward to working with all of the GTA partners to make it happen

[J y Mayor John Tory City ofToronto Co-Chair (Private Sector) GTMA (to November 30 2014)

Director GTMA (December 12014)

2014 was another productive year for the GTMA in attracting significant foreign direct investment (FDI) to the Greater TorontoArea (GTA)We should all be proud of our shared achievements andcontributions to the GTAs economic landscape which George Hanus PresidentampCEO outlines in greater detail within his letterThe GTMA continued to implement its FDI activities based on the 2011-2014 Corporate Strategic Plan - the result of an extensive consultation process between

the GTMA Board of Directors and key stakeholders

This past year saw the GTMA identify a select number of markets and limited sectors for proactive FDI workWhile we will maintain this focused approach the GTMA will continue to assist with projects from other markets and sectors referred by partner organizations This ongoing interaction and collaboration has strengthened our relationships with multiple private and public sector stakeholders I am proud to inform you that the GTMAs human and financial resources are now exclusively focused on its core mandate of FDI as reflected by the strong results achieved in 2014 I was pleased to work

closely with my Co-Chair JohnTory on the implementation of theRoadmap to Revitalization project on the future of the GTMA

While discussions with senior decision makers at the provincial and federal governments havegenerated very encouraging indications of support there is still much work to be done As such the newly-formed GTMA Transition Committee will develop the blueprint for restructuring and growing the GTMA This new-look GTMA will have more tools and resources to better collaborate with regional partners and related economic development organizations

Iagain thank the GTMA stafffor their hard work and effortsthis past year I must also highlight my appreciation of the Mayors and Regional Chairs and their respective municipal economic development professionals for their continued support of the GTMAWe are also thankful to the federal government for its support through the Department of Foreign AffairsTrade and Development (DFATD) and the provincial government through the Ontario Ministry of Economic Development Employment and Infrastructure (MEDEI) and Ontario Ministry of Agriculture Food and Rural Affairs (OMAFRA) 2015 holds a great deal of promise and I look forward to working with municipal colleagues and key stakeholders across the GTA so that we can present a more cohesive and robust value proposition for international investment s-

^2L~~~ Mayor Dave Ryan(y City of Pickering

Co-Chair (Public Sector) GTMA

GTMA 2014 ANNUAL REPORT- greatertorontoorg

Ml-4 Once more the GTMA has been very active and also very successfulWe continued to apply whatwas working best at the GTMAand made it work even better for our stakeholders and partners for the Greater Toronto Area (GTA)The GTMA continued to focus its resources and energies into its core mandate of foreign direct investment (FDI) on behalf of the GTA We have been building on a proven track record of accomplishments and demonstrating accountability back to our partners 2014 represented another good year of confirmed foreign direct investments with 14 confirmed projects by international companies creating over 100 initial direct-jobs in the GTA and in twoyears these new companies are expected to employ over600 people

We have collaborated with our partners in regional governments business and academia to build on our past successesWhen combining our 2014 results to the earlier investments the GTMA has attracted 127 new yyinternational companies creating about5000 direct-jobs which are contributing about $547 million annually to the GDP of the GTAThis has also resulted in over $9 million in annual property taxes in the region

We recognize that no organization can afford to be complacentThe challenge we undertake is one which requires us to create a new climate and new commitment to meet todays competitive environment inattracting new international investors Our 201 I-2014Corporate Strategic Plan outlined our goals and strategiesIn the past three years we broughta new focus and commitment to our FDI effortsadding the advanced manufacturing sector and a new approach in workingwith in-market representatives who have the right business connections Were confident in delivering great investment results going forward

We had worked on the newRoadmap to Revitalization initiative that looked at how the GTMA compares to other jurisdictions with the intention of gaining support for an expanded role of the GTMA through additional resourcesThis effort was pursued throughout the year and especially in the fall months under the leadership of our two Co-ChairsWe have applied for funding and have received encouraging news yy of increased support for our efforts on behalf of the GTA based on the recommendations of the report

QThe GTMA along with its broad network of stakeholders is part of a commitment that builds on the considerable strengths and diverse economy that we have in the GTAThe success of the GTMA is based on a commitment to the long-term and to team workWe continue wgtto seek ways of collaborating with our local partners while reaching out to international intermediaries to strengthen the GTAs profile and position among international investors yy

Were proud of our continuingpartnerships across the regionwith the private sector and public sectors and also our relationship with the GTA colleges and universities in the important role they play in our investment attraction strategy

As President amp CEOmyactivities continued to be focused in the areas of communication and corporate sustainabilityWith a network of stakeholders as large as ours effective communication is vital in keepingeveryone informed But we also listen to their needs I have also been active in selected FDI projects to assist with our efforts to secure more new investors for the GTA and have made many presentations to incoming foreign delegations to raise the profile of the GTA in their developing foreign business activities

Our funding partners continued to show great support for the GTMA in 20141 want to take this opportunity to thank our regional and municipal partners private sector partners colleges and universities as well as the federal and provincial governments for their support of our core requirements and on numerous FDI projects m Together we are making the GTA a global magnet for foreign direct investment

George Hanus

President amp CEO

GTMA yk

yy 777lt GTMAs efforts in Brazilare a greac example ofhow all three levels ofgovernment can be brought together to worksuccessfully attractingFDIinto Canada Ontario and the GTA Their collaboration withprivate andpublic sectorpartners allows them to provide added value to investors by offeringexpert advice to Brazilian companies on how to do business in Canada

JamaA Khokhar CanadianAmbassador to Brazil

yy

GTMA20HANNUALREPORT-wwwgreatertorontoorg

X

s

m uy

ai

H

ai

I 1

MI-6 INTERNATIONAL MARKETS

INTERNATIONAL MARKETS TARGETED Europe - Germany Italy France SpainTurkey UK Belgium and Luxembourg

bull South America - Brazil

bull USA - California New York Las Vegas Illinois

bullAsia - Japan

Ontario Technology Corridor (OTC)JOINT MARKETING PARTNERSHIPS Ontario Food Cluster (OFC)

INTERNATIONAL LEADS GENERATED IN 2014

INITIATIVE PARTNERS SECTOR ACTIVITY LOCATION

Opening of Ontarios International Marketing Centre

MEDEI ICT PQM Sao Paulo Brazil January 20-22

BelgiumItaly FDIAttraction ICCO Adv Mfg ICT Aerospace

PQM Brussels Belgium Regions of

Lazio and Lombardy Italy

February 24-28

Ontario Technology Corridor OTC ICT Mobile World Congress Barcelona Spain February 24-27

Ontario Technology Corridor OTC i^-t rxshy bull ia jICT Digital Media 6

Game Developers _ r~^r-Conference (GDC)

San Francisco USA March 17-24

European FDIAttraction City of Brampton ICTAgri-food Adv Mfg

PQM Turkey March 17-24

Asia FDI Attraction City of Mississauga

ICTAdv Mfg PQM Japan April I-10

Italy FDIAttraction ICCO Adv Mfg Construction Energy

PQM Region ofVeneto Italy May 2-16

Brazil FDI Attraction Ontario

Food Cluster

OFCOMAF

National Bank

MEDEI

Agri-foodICT PQMlntl Supermarkets Business Fair (APAS)

Sao Paulo and Porto Alegre Brazil

May 5-14

USA FDI Attraction OFC Agri-food PQM NCA Sweets amp

Snacks Illinois USA May 20-22

Ontario Technology Corridor OTC ICT PQM New York USA June 2-6

ICTAgri-foodEuropean FDIAttraction City of Brampton PQM UK June 2-6

Adv Mfg

USA FDI Attraction OFC Agri-food PQM Fancy Food Show New York USA June 29-July I

Food amp Beverage Regions of LazioVeneto Emilia Italy FDIAttraction ICCO PQM June 30 -July 4

Adv Mfg Romagna and Abruzzo Italy

Ontario Technology Corridor OTC ICT GamescomPQM Cologne Germany August 13-16

PQMCITA Super Ontario Technology Corridor OTC ICT Las Vegas USA September 9-11

Mobility Week

Belgium Luxembourg FDI Food amp Beverage DFATD PQM Belgium and Luxembourg September 15-19

Attraction Adv Mfg ICT Sao Paulo Rio de Janeiro

Brazil FDI Attraction OMAF ICTAgri-food PQM Futurecom 15 October 6-16 Porto Alegre Brazil

Ontario Food Cluster OFC Agri-food SIAL Paris France October 17-23

Germany FDIAttraction OTC ICT PQM Electronica Munich Germany November 11-14

Cities of

GermanyFrance Brampton and ICTAdv Mfg SPS-IPC Drives Nuremberg Germany November 21-28

FDI Attraction Mississauga Region of Halton

Regions of Piedmont and Italy FDI Attraction ICCO Agri-foodAdv Mfg PQM November 20-28

Emilia-Romagna Italy

Ontario Technology Corridor OTC ICT Game Connection Paris France December 2-4

See page foregend

GTMA 20M ANNUAL REPORT wwwgrcatertorontoorg

INTERNATIONAL INVESTMENT

The GTMAs main mission is to attract foreign direct investment (FDI) into the Greater Toronto Area (GTA) in order to boost the economy and foster job creation 2014 proved to be another successful year securing 14 international invest ments and creating I 16 new direct-jobs that are estimated to grow to 640 jobs in the next two years

2014 NEW INVESTMENTS

COMPANY

AIC Group Film Studios

Apex Systems

Avanti

Doogits

EDP Renewables

FK Biotech

Forward Innovations

Technologies Inc

Gateway Technolabs

KBE Intelligence

Mountain Warehouse

Nation Builder

PSideo

Wilson Manufacturing

Zomato

1GTA LOCATION11 SECTOR 1ORIGIN 1INITIAL

JOBS Ilead

YEAR

Toronto Film Italy 30 2014

Toronto ICT (staffing) USA 15 2013

Oakville ICT Brazil 2 2013

Mississauga ICT France 2 2014

Toronto Energy USA 4 2010

Toronto Life Sciences Brazil 1 2014

Toronto ICT India 5 2012

Toronto ICT India 1 2013

Toronto ICT Italy 1 2014

Halton Hills Retail UK 5 2013

Toronto

Toronto

Toronto

ICT

ICT

Manufacturing

USA

Switzerland

USA

7

15

8

2014

2013

2014

^f I I

Toronto ICT India 20 2014

Onfne restaurant discovery guide Zomato entered the Canadian market through the CTA in 204 and is rapidy expanding to Vancouver Montreal Ottawa and Cagroy Over time we easiiysee the Canada teamgrowing up to 300 to 400peoplesaidAir Goya founder and CEO ltm

CLIENT ACTIVITY

CLIENTTYPE

Leads 74

RFIs 2

Hot Leads 5

Prospects 7

New Investments 0

yy

y QUARTER y

TOTAL

119 80 141 414

3 4 4 13 wgt 10 6 5 26

9 9 327

3 10 1 14

LEADS are investment related inquiries generated from trade shows and conferences business trips pre-qualified lead generation programs or by direct contact through the web or as a referral RFIs are Requests for Information circulated to the regional and private sector partners requesting business opportunities such as available land andor buildings HOT LEADS are inquiries that have been followed up and a preliminary visit to the GTA and meeting with the GTMA has taken place PROSPECTS are qualified investors that have visited the GTA and have received a substantial amount of ydirect servicing including meetings with representatives from the GTMA and its partners with the potential yjinvestors key location decision-makers NEW INVESTMENTS are investors that have confirmed that they will be opening operations within the GTA

GTMA 2014ANNUAL REPORT- wwwgreatertorontoorg

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

Ml-lGREATER GTMA 2014 TORONTO MARKETING ALLIANCE ANNUAL REPORT

INVESTMENTS IN THE GTA

ASSISTED BYTHE GTMA (1999-2014) AIC Group FilmStudios Almirall

Arkadin Inc

Arkadium

Apex Systems Avanti

BBA

Doogits Brand Networks

BREGroup Buchanan Group Centra Solar AG Circles

CitiFinancial Coach IT

CognizantTech Solutions Coin Co International Pic Computer AidInc

Corp Events Credit Risk Management CSF Radiators

Custom Bldg Products Can Dealer Tire

Delta Light Direct-Link

EDP Renewables

EIE Global

ETAP-ON-LINE

FairfaxInfoTechnology Fifth Third Bank

First Commercial Bank

FK Biotech

Forcare

Forward Innovations

Technologies Inc Foster Moore

Fronius Canada

Gameloft

Gateway Technolabs HDRDTA

Helukabel USA Inc

IDOM

InformedConsultingLtd Infosys Technologies Ltd INSI Technology Innovation KBE Intelligence Kerridge Inc Koei Inc

Lanogold Canada Co Ltd LISEC Engineering Little Kickers

Martifer Solar

Mastek

Mirabaud

Mountain Warehouse

Nation Builder

Nestle IT

New GPC Inc

Newgen Oak Systems International Oakatom Canada Inc

OAOTech

Old NavyThe Gap Patni Computer Systems Peer I Network

Penncorp PSideo

Plenary Group Canada

Polaris Software Lab Canada

Project-1 Rational

Return Path

Satyam Computer Services SDI Media Group Services LCS Canada Inc

Shootround

Siliken Renewable Energy Sinovel Wind

Siradel Canada

Soundhound

SpintopiaVision2Hire Sumitomo

Summer Music Conference

Sycor Canada Inc Tanmoral

Target

Techspace (Regus Bus Centres) Tern International

The Swann Group TheraVitae Inc

Thoroughbred Technologies TOS Trade Canada Inc

Turner ampTownsend

Ubisoft Toronto

Uline Shipping Supply Specialists

Voxar Limited

Ward and Burke

Construction Ltd

WeRecoverData

Wilson Manufacturing Wipro Technologies Wrench Solutions

Zomato

UJ

I H

yj

yy

MI-2 COMMUNICATION AND COLLABORATION ENSURE CONTINUED SUCCESS

~TM In September 2012 I joined the GTMA as Co-Chair (Private Sector) alongside Pickerings Mayor David Ryan as Co-Chair (Public Sector) Since then my role has allowed me to focus on what the GTA needs to do to become globally competitive to foreign investors how coordinated regional business missions can help and how the GTMA can be strengthened in its role

bull| of attracting foreign direct investment to the Greater Toronto Area Earlier this past year Istepped down as Chair of Civic I Action Alliance where Ihad been working to achieve several objectives in this positionA key objective was to address what | our delegates told the Civic Action Alliance at the Greater Toronto Summit meeting in February 2011 The message then and

also now was loud and clear that economic development is a regional challenge Up until now our approach has beenwith the exception of the herculean pioneering efforts made by the GTMA not very regional

The problem that the GTMA continues to face is that it is underresourced Ifit is going to be an organization to effectively spearhead a regional effort to market the GTA asa place for investment and job creation it needs to bestrengthened Itmeans we have to revitalize the organization to earn theconfidence oftheentire region and also to attract substantial additional resources to get the job done effectivelyThis objective was fulfilled when PwC prepared the very detailed Roadmap to Revitalization report In working on the PwC report we have forged a strong partnership between Civic Action and the GTMA Itwas felt thatsince Civic Actions Summit in February 201 I identified the real desire on the partof partners in the region for a more coordinated regional marketing effort that we needed to build up the GTMA organization that has existed for some time and has done very good work

The GTMA hasdone good work on a very limited budgetduring its eighteen yearsand done it without sufficient involvement of everybody in the region Now through the work of the Roadmap to Revitalization weve found ways to remedy those shortcomings My time to date has been focused on those things but this is not a partnership with Civic Action Within the region there have been various individual business missions taking place I dont believe these activities create competition that should be problematic for other municipalities in the GTA or the GTA as a wholeI think that it is more desirable for us to haveas many of those missions as possiblebeing regional and representing the entire GTA Foreign investment is going to play a role in tackling unemployment Its going to be a contributor as are start-up businesses led by entrepreneurs and the expansion of existing businessesThese are all very important to a growing economy and to creating newjobs and reducing unemployment Foreign direct investment is part of the answerThats why its important that we pursue that as effectively as possible We have to believe that a stronger regional organization thats out chasing foreign investment and doing it efficiently isgoing to be a big plus

With all of the success this year GTMA has achieved that on a very limited budget It achieved it on the basis where there was still a lack of unanimous commitment to a regional organization and theres a need to substantially increase the resources ifwere going to make this organization effectiveThis has now been identified by the Roadmapto Revitalization report Until I stepped down from myrole as Co-Chair (Private Sector) my rolehad been to comeup with a plan to revitalize this organization to make it completely regional with everybody buying in 100 per cent and to getmore resources to allow it to do even more of the work that it does bestWe were assisted in this through the consulting services of PwC in the preparation of the report My goal continues to be to try to get the agreement of all the different players involved to design a framework for a larger expanded truly regional and well-supported organizationmdashwell-supported meaning more moneyThats been my mandate and I look forward to working with all of the GTA partners to make it happen

[J y Mayor John Tory City ofToronto Co-Chair (Private Sector) GTMA (to November 30 2014)

Director GTMA (December 12014)

2014 was another productive year for the GTMA in attracting significant foreign direct investment (FDI) to the Greater TorontoArea (GTA)We should all be proud of our shared achievements andcontributions to the GTAs economic landscape which George Hanus PresidentampCEO outlines in greater detail within his letterThe GTMA continued to implement its FDI activities based on the 2011-2014 Corporate Strategic Plan - the result of an extensive consultation process between

the GTMA Board of Directors and key stakeholders

This past year saw the GTMA identify a select number of markets and limited sectors for proactive FDI workWhile we will maintain this focused approach the GTMA will continue to assist with projects from other markets and sectors referred by partner organizations This ongoing interaction and collaboration has strengthened our relationships with multiple private and public sector stakeholders I am proud to inform you that the GTMAs human and financial resources are now exclusively focused on its core mandate of FDI as reflected by the strong results achieved in 2014 I was pleased to work

closely with my Co-Chair JohnTory on the implementation of theRoadmap to Revitalization project on the future of the GTMA

While discussions with senior decision makers at the provincial and federal governments havegenerated very encouraging indications of support there is still much work to be done As such the newly-formed GTMA Transition Committee will develop the blueprint for restructuring and growing the GTMA This new-look GTMA will have more tools and resources to better collaborate with regional partners and related economic development organizations

Iagain thank the GTMA stafffor their hard work and effortsthis past year I must also highlight my appreciation of the Mayors and Regional Chairs and their respective municipal economic development professionals for their continued support of the GTMAWe are also thankful to the federal government for its support through the Department of Foreign AffairsTrade and Development (DFATD) and the provincial government through the Ontario Ministry of Economic Development Employment and Infrastructure (MEDEI) and Ontario Ministry of Agriculture Food and Rural Affairs (OMAFRA) 2015 holds a great deal of promise and I look forward to working with municipal colleagues and key stakeholders across the GTA so that we can present a more cohesive and robust value proposition for international investment s-

^2L~~~ Mayor Dave Ryan(y City of Pickering

Co-Chair (Public Sector) GTMA

GTMA 2014 ANNUAL REPORT- greatertorontoorg

Ml-4 Once more the GTMA has been very active and also very successfulWe continued to apply whatwas working best at the GTMAand made it work even better for our stakeholders and partners for the Greater Toronto Area (GTA)The GTMA continued to focus its resources and energies into its core mandate of foreign direct investment (FDI) on behalf of the GTA We have been building on a proven track record of accomplishments and demonstrating accountability back to our partners 2014 represented another good year of confirmed foreign direct investments with 14 confirmed projects by international companies creating over 100 initial direct-jobs in the GTA and in twoyears these new companies are expected to employ over600 people

We have collaborated with our partners in regional governments business and academia to build on our past successesWhen combining our 2014 results to the earlier investments the GTMA has attracted 127 new yyinternational companies creating about5000 direct-jobs which are contributing about $547 million annually to the GDP of the GTAThis has also resulted in over $9 million in annual property taxes in the region

We recognize that no organization can afford to be complacentThe challenge we undertake is one which requires us to create a new climate and new commitment to meet todays competitive environment inattracting new international investors Our 201 I-2014Corporate Strategic Plan outlined our goals and strategiesIn the past three years we broughta new focus and commitment to our FDI effortsadding the advanced manufacturing sector and a new approach in workingwith in-market representatives who have the right business connections Were confident in delivering great investment results going forward

We had worked on the newRoadmap to Revitalization initiative that looked at how the GTMA compares to other jurisdictions with the intention of gaining support for an expanded role of the GTMA through additional resourcesThis effort was pursued throughout the year and especially in the fall months under the leadership of our two Co-ChairsWe have applied for funding and have received encouraging news yy of increased support for our efforts on behalf of the GTA based on the recommendations of the report

QThe GTMA along with its broad network of stakeholders is part of a commitment that builds on the considerable strengths and diverse economy that we have in the GTAThe success of the GTMA is based on a commitment to the long-term and to team workWe continue wgtto seek ways of collaborating with our local partners while reaching out to international intermediaries to strengthen the GTAs profile and position among international investors yy

Were proud of our continuingpartnerships across the regionwith the private sector and public sectors and also our relationship with the GTA colleges and universities in the important role they play in our investment attraction strategy

As President amp CEOmyactivities continued to be focused in the areas of communication and corporate sustainabilityWith a network of stakeholders as large as ours effective communication is vital in keepingeveryone informed But we also listen to their needs I have also been active in selected FDI projects to assist with our efforts to secure more new investors for the GTA and have made many presentations to incoming foreign delegations to raise the profile of the GTA in their developing foreign business activities

Our funding partners continued to show great support for the GTMA in 20141 want to take this opportunity to thank our regional and municipal partners private sector partners colleges and universities as well as the federal and provincial governments for their support of our core requirements and on numerous FDI projects m Together we are making the GTA a global magnet for foreign direct investment

George Hanus

President amp CEO

GTMA yk

yy 777lt GTMAs efforts in Brazilare a greac example ofhow all three levels ofgovernment can be brought together to worksuccessfully attractingFDIinto Canada Ontario and the GTA Their collaboration withprivate andpublic sectorpartners allows them to provide added value to investors by offeringexpert advice to Brazilian companies on how to do business in Canada

JamaA Khokhar CanadianAmbassador to Brazil

yy

GTMA20HANNUALREPORT-wwwgreatertorontoorg

X

s

m uy

ai

H

ai

I 1

MI-6 INTERNATIONAL MARKETS

INTERNATIONAL MARKETS TARGETED Europe - Germany Italy France SpainTurkey UK Belgium and Luxembourg

bull South America - Brazil

bull USA - California New York Las Vegas Illinois

bullAsia - Japan

Ontario Technology Corridor (OTC)JOINT MARKETING PARTNERSHIPS Ontario Food Cluster (OFC)

INTERNATIONAL LEADS GENERATED IN 2014

INITIATIVE PARTNERS SECTOR ACTIVITY LOCATION

Opening of Ontarios International Marketing Centre

MEDEI ICT PQM Sao Paulo Brazil January 20-22

BelgiumItaly FDIAttraction ICCO Adv Mfg ICT Aerospace

PQM Brussels Belgium Regions of

Lazio and Lombardy Italy

February 24-28

Ontario Technology Corridor OTC ICT Mobile World Congress Barcelona Spain February 24-27

Ontario Technology Corridor OTC i^-t rxshy bull ia jICT Digital Media 6

Game Developers _ r~^r-Conference (GDC)

San Francisco USA March 17-24

European FDIAttraction City of Brampton ICTAgri-food Adv Mfg

PQM Turkey March 17-24

Asia FDI Attraction City of Mississauga

ICTAdv Mfg PQM Japan April I-10

Italy FDIAttraction ICCO Adv Mfg Construction Energy

PQM Region ofVeneto Italy May 2-16

Brazil FDI Attraction Ontario

Food Cluster

OFCOMAF

National Bank

MEDEI

Agri-foodICT PQMlntl Supermarkets Business Fair (APAS)

Sao Paulo and Porto Alegre Brazil

May 5-14

USA FDI Attraction OFC Agri-food PQM NCA Sweets amp

Snacks Illinois USA May 20-22

Ontario Technology Corridor OTC ICT PQM New York USA June 2-6

ICTAgri-foodEuropean FDIAttraction City of Brampton PQM UK June 2-6

Adv Mfg

USA FDI Attraction OFC Agri-food PQM Fancy Food Show New York USA June 29-July I

Food amp Beverage Regions of LazioVeneto Emilia Italy FDIAttraction ICCO PQM June 30 -July 4

Adv Mfg Romagna and Abruzzo Italy

Ontario Technology Corridor OTC ICT GamescomPQM Cologne Germany August 13-16

PQMCITA Super Ontario Technology Corridor OTC ICT Las Vegas USA September 9-11

Mobility Week

Belgium Luxembourg FDI Food amp Beverage DFATD PQM Belgium and Luxembourg September 15-19

Attraction Adv Mfg ICT Sao Paulo Rio de Janeiro

Brazil FDI Attraction OMAF ICTAgri-food PQM Futurecom 15 October 6-16 Porto Alegre Brazil

Ontario Food Cluster OFC Agri-food SIAL Paris France October 17-23

Germany FDIAttraction OTC ICT PQM Electronica Munich Germany November 11-14

Cities of

GermanyFrance Brampton and ICTAdv Mfg SPS-IPC Drives Nuremberg Germany November 21-28

FDI Attraction Mississauga Region of Halton

Regions of Piedmont and Italy FDI Attraction ICCO Agri-foodAdv Mfg PQM November 20-28

Emilia-Romagna Italy

Ontario Technology Corridor OTC ICT Game Connection Paris France December 2-4

See page foregend

GTMA 20M ANNUAL REPORT wwwgrcatertorontoorg

INTERNATIONAL INVESTMENT

The GTMAs main mission is to attract foreign direct investment (FDI) into the Greater Toronto Area (GTA) in order to boost the economy and foster job creation 2014 proved to be another successful year securing 14 international invest ments and creating I 16 new direct-jobs that are estimated to grow to 640 jobs in the next two years

2014 NEW INVESTMENTS

COMPANY

AIC Group Film Studios

Apex Systems

Avanti

Doogits

EDP Renewables

FK Biotech

Forward Innovations

Technologies Inc

Gateway Technolabs

KBE Intelligence

Mountain Warehouse

Nation Builder

PSideo

Wilson Manufacturing

Zomato

1GTA LOCATION11 SECTOR 1ORIGIN 1INITIAL

JOBS Ilead

YEAR

Toronto Film Italy 30 2014

Toronto ICT (staffing) USA 15 2013

Oakville ICT Brazil 2 2013

Mississauga ICT France 2 2014

Toronto Energy USA 4 2010

Toronto Life Sciences Brazil 1 2014

Toronto ICT India 5 2012

Toronto ICT India 1 2013

Toronto ICT Italy 1 2014

Halton Hills Retail UK 5 2013

Toronto

Toronto

Toronto

ICT

ICT

Manufacturing

USA

Switzerland

USA

7

15

8

2014

2013

2014

^f I I

Toronto ICT India 20 2014

Onfne restaurant discovery guide Zomato entered the Canadian market through the CTA in 204 and is rapidy expanding to Vancouver Montreal Ottawa and Cagroy Over time we easiiysee the Canada teamgrowing up to 300 to 400peoplesaidAir Goya founder and CEO ltm

CLIENT ACTIVITY

CLIENTTYPE

Leads 74

RFIs 2

Hot Leads 5

Prospects 7

New Investments 0

yy

y QUARTER y

TOTAL

119 80 141 414

3 4 4 13 wgt 10 6 5 26

9 9 327

3 10 1 14

LEADS are investment related inquiries generated from trade shows and conferences business trips pre-qualified lead generation programs or by direct contact through the web or as a referral RFIs are Requests for Information circulated to the regional and private sector partners requesting business opportunities such as available land andor buildings HOT LEADS are inquiries that have been followed up and a preliminary visit to the GTA and meeting with the GTMA has taken place PROSPECTS are qualified investors that have visited the GTA and have received a substantial amount of ydirect servicing including meetings with representatives from the GTMA and its partners with the potential yjinvestors key location decision-makers NEW INVESTMENTS are investors that have confirmed that they will be opening operations within the GTA

GTMA 2014ANNUAL REPORT- wwwgreatertorontoorg

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

UJ

I H

yj

yy

MI-2 COMMUNICATION AND COLLABORATION ENSURE CONTINUED SUCCESS

~TM In September 2012 I joined the GTMA as Co-Chair (Private Sector) alongside Pickerings Mayor David Ryan as Co-Chair (Public Sector) Since then my role has allowed me to focus on what the GTA needs to do to become globally competitive to foreign investors how coordinated regional business missions can help and how the GTMA can be strengthened in its role

bull| of attracting foreign direct investment to the Greater Toronto Area Earlier this past year Istepped down as Chair of Civic I Action Alliance where Ihad been working to achieve several objectives in this positionA key objective was to address what | our delegates told the Civic Action Alliance at the Greater Toronto Summit meeting in February 2011 The message then and

also now was loud and clear that economic development is a regional challenge Up until now our approach has beenwith the exception of the herculean pioneering efforts made by the GTMA not very regional

The problem that the GTMA continues to face is that it is underresourced Ifit is going to be an organization to effectively spearhead a regional effort to market the GTA asa place for investment and job creation it needs to bestrengthened Itmeans we have to revitalize the organization to earn theconfidence oftheentire region and also to attract substantial additional resources to get the job done effectivelyThis objective was fulfilled when PwC prepared the very detailed Roadmap to Revitalization report In working on the PwC report we have forged a strong partnership between Civic Action and the GTMA Itwas felt thatsince Civic Actions Summit in February 201 I identified the real desire on the partof partners in the region for a more coordinated regional marketing effort that we needed to build up the GTMA organization that has existed for some time and has done very good work

The GTMA hasdone good work on a very limited budgetduring its eighteen yearsand done it without sufficient involvement of everybody in the region Now through the work of the Roadmap to Revitalization weve found ways to remedy those shortcomings My time to date has been focused on those things but this is not a partnership with Civic Action Within the region there have been various individual business missions taking place I dont believe these activities create competition that should be problematic for other municipalities in the GTA or the GTA as a wholeI think that it is more desirable for us to haveas many of those missions as possiblebeing regional and representing the entire GTA Foreign investment is going to play a role in tackling unemployment Its going to be a contributor as are start-up businesses led by entrepreneurs and the expansion of existing businessesThese are all very important to a growing economy and to creating newjobs and reducing unemployment Foreign direct investment is part of the answerThats why its important that we pursue that as effectively as possible We have to believe that a stronger regional organization thats out chasing foreign investment and doing it efficiently isgoing to be a big plus

With all of the success this year GTMA has achieved that on a very limited budget It achieved it on the basis where there was still a lack of unanimous commitment to a regional organization and theres a need to substantially increase the resources ifwere going to make this organization effectiveThis has now been identified by the Roadmapto Revitalization report Until I stepped down from myrole as Co-Chair (Private Sector) my rolehad been to comeup with a plan to revitalize this organization to make it completely regional with everybody buying in 100 per cent and to getmore resources to allow it to do even more of the work that it does bestWe were assisted in this through the consulting services of PwC in the preparation of the report My goal continues to be to try to get the agreement of all the different players involved to design a framework for a larger expanded truly regional and well-supported organizationmdashwell-supported meaning more moneyThats been my mandate and I look forward to working with all of the GTA partners to make it happen

[J y Mayor John Tory City ofToronto Co-Chair (Private Sector) GTMA (to November 30 2014)

Director GTMA (December 12014)

2014 was another productive year for the GTMA in attracting significant foreign direct investment (FDI) to the Greater TorontoArea (GTA)We should all be proud of our shared achievements andcontributions to the GTAs economic landscape which George Hanus PresidentampCEO outlines in greater detail within his letterThe GTMA continued to implement its FDI activities based on the 2011-2014 Corporate Strategic Plan - the result of an extensive consultation process between

the GTMA Board of Directors and key stakeholders

This past year saw the GTMA identify a select number of markets and limited sectors for proactive FDI workWhile we will maintain this focused approach the GTMA will continue to assist with projects from other markets and sectors referred by partner organizations This ongoing interaction and collaboration has strengthened our relationships with multiple private and public sector stakeholders I am proud to inform you that the GTMAs human and financial resources are now exclusively focused on its core mandate of FDI as reflected by the strong results achieved in 2014 I was pleased to work

closely with my Co-Chair JohnTory on the implementation of theRoadmap to Revitalization project on the future of the GTMA

While discussions with senior decision makers at the provincial and federal governments havegenerated very encouraging indications of support there is still much work to be done As such the newly-formed GTMA Transition Committee will develop the blueprint for restructuring and growing the GTMA This new-look GTMA will have more tools and resources to better collaborate with regional partners and related economic development organizations

Iagain thank the GTMA stafffor their hard work and effortsthis past year I must also highlight my appreciation of the Mayors and Regional Chairs and their respective municipal economic development professionals for their continued support of the GTMAWe are also thankful to the federal government for its support through the Department of Foreign AffairsTrade and Development (DFATD) and the provincial government through the Ontario Ministry of Economic Development Employment and Infrastructure (MEDEI) and Ontario Ministry of Agriculture Food and Rural Affairs (OMAFRA) 2015 holds a great deal of promise and I look forward to working with municipal colleagues and key stakeholders across the GTA so that we can present a more cohesive and robust value proposition for international investment s-

^2L~~~ Mayor Dave Ryan(y City of Pickering

Co-Chair (Public Sector) GTMA

GTMA 2014 ANNUAL REPORT- greatertorontoorg

Ml-4 Once more the GTMA has been very active and also very successfulWe continued to apply whatwas working best at the GTMAand made it work even better for our stakeholders and partners for the Greater Toronto Area (GTA)The GTMA continued to focus its resources and energies into its core mandate of foreign direct investment (FDI) on behalf of the GTA We have been building on a proven track record of accomplishments and demonstrating accountability back to our partners 2014 represented another good year of confirmed foreign direct investments with 14 confirmed projects by international companies creating over 100 initial direct-jobs in the GTA and in twoyears these new companies are expected to employ over600 people

We have collaborated with our partners in regional governments business and academia to build on our past successesWhen combining our 2014 results to the earlier investments the GTMA has attracted 127 new yyinternational companies creating about5000 direct-jobs which are contributing about $547 million annually to the GDP of the GTAThis has also resulted in over $9 million in annual property taxes in the region

We recognize that no organization can afford to be complacentThe challenge we undertake is one which requires us to create a new climate and new commitment to meet todays competitive environment inattracting new international investors Our 201 I-2014Corporate Strategic Plan outlined our goals and strategiesIn the past three years we broughta new focus and commitment to our FDI effortsadding the advanced manufacturing sector and a new approach in workingwith in-market representatives who have the right business connections Were confident in delivering great investment results going forward

We had worked on the newRoadmap to Revitalization initiative that looked at how the GTMA compares to other jurisdictions with the intention of gaining support for an expanded role of the GTMA through additional resourcesThis effort was pursued throughout the year and especially in the fall months under the leadership of our two Co-ChairsWe have applied for funding and have received encouraging news yy of increased support for our efforts on behalf of the GTA based on the recommendations of the report

QThe GTMA along with its broad network of stakeholders is part of a commitment that builds on the considerable strengths and diverse economy that we have in the GTAThe success of the GTMA is based on a commitment to the long-term and to team workWe continue wgtto seek ways of collaborating with our local partners while reaching out to international intermediaries to strengthen the GTAs profile and position among international investors yy

Were proud of our continuingpartnerships across the regionwith the private sector and public sectors and also our relationship with the GTA colleges and universities in the important role they play in our investment attraction strategy

As President amp CEOmyactivities continued to be focused in the areas of communication and corporate sustainabilityWith a network of stakeholders as large as ours effective communication is vital in keepingeveryone informed But we also listen to their needs I have also been active in selected FDI projects to assist with our efforts to secure more new investors for the GTA and have made many presentations to incoming foreign delegations to raise the profile of the GTA in their developing foreign business activities

Our funding partners continued to show great support for the GTMA in 20141 want to take this opportunity to thank our regional and municipal partners private sector partners colleges and universities as well as the federal and provincial governments for their support of our core requirements and on numerous FDI projects m Together we are making the GTA a global magnet for foreign direct investment

George Hanus

President amp CEO

GTMA yk

yy 777lt GTMAs efforts in Brazilare a greac example ofhow all three levels ofgovernment can be brought together to worksuccessfully attractingFDIinto Canada Ontario and the GTA Their collaboration withprivate andpublic sectorpartners allows them to provide added value to investors by offeringexpert advice to Brazilian companies on how to do business in Canada

JamaA Khokhar CanadianAmbassador to Brazil

yy

GTMA20HANNUALREPORT-wwwgreatertorontoorg

X

s

m uy

ai

H

ai

I 1

MI-6 INTERNATIONAL MARKETS

INTERNATIONAL MARKETS TARGETED Europe - Germany Italy France SpainTurkey UK Belgium and Luxembourg

bull South America - Brazil

bull USA - California New York Las Vegas Illinois

bullAsia - Japan

Ontario Technology Corridor (OTC)JOINT MARKETING PARTNERSHIPS Ontario Food Cluster (OFC)

INTERNATIONAL LEADS GENERATED IN 2014

INITIATIVE PARTNERS SECTOR ACTIVITY LOCATION

Opening of Ontarios International Marketing Centre

MEDEI ICT PQM Sao Paulo Brazil January 20-22

BelgiumItaly FDIAttraction ICCO Adv Mfg ICT Aerospace

PQM Brussels Belgium Regions of

Lazio and Lombardy Italy

February 24-28

Ontario Technology Corridor OTC ICT Mobile World Congress Barcelona Spain February 24-27

Ontario Technology Corridor OTC i^-t rxshy bull ia jICT Digital Media 6

Game Developers _ r~^r-Conference (GDC)

San Francisco USA March 17-24

European FDIAttraction City of Brampton ICTAgri-food Adv Mfg

PQM Turkey March 17-24

Asia FDI Attraction City of Mississauga

ICTAdv Mfg PQM Japan April I-10

Italy FDIAttraction ICCO Adv Mfg Construction Energy

PQM Region ofVeneto Italy May 2-16

Brazil FDI Attraction Ontario

Food Cluster

OFCOMAF

National Bank

MEDEI

Agri-foodICT PQMlntl Supermarkets Business Fair (APAS)

Sao Paulo and Porto Alegre Brazil

May 5-14

USA FDI Attraction OFC Agri-food PQM NCA Sweets amp

Snacks Illinois USA May 20-22

Ontario Technology Corridor OTC ICT PQM New York USA June 2-6

ICTAgri-foodEuropean FDIAttraction City of Brampton PQM UK June 2-6

Adv Mfg

USA FDI Attraction OFC Agri-food PQM Fancy Food Show New York USA June 29-July I

Food amp Beverage Regions of LazioVeneto Emilia Italy FDIAttraction ICCO PQM June 30 -July 4

Adv Mfg Romagna and Abruzzo Italy

Ontario Technology Corridor OTC ICT GamescomPQM Cologne Germany August 13-16

PQMCITA Super Ontario Technology Corridor OTC ICT Las Vegas USA September 9-11

Mobility Week

Belgium Luxembourg FDI Food amp Beverage DFATD PQM Belgium and Luxembourg September 15-19

Attraction Adv Mfg ICT Sao Paulo Rio de Janeiro

Brazil FDI Attraction OMAF ICTAgri-food PQM Futurecom 15 October 6-16 Porto Alegre Brazil

Ontario Food Cluster OFC Agri-food SIAL Paris France October 17-23

Germany FDIAttraction OTC ICT PQM Electronica Munich Germany November 11-14

Cities of

GermanyFrance Brampton and ICTAdv Mfg SPS-IPC Drives Nuremberg Germany November 21-28

FDI Attraction Mississauga Region of Halton

Regions of Piedmont and Italy FDI Attraction ICCO Agri-foodAdv Mfg PQM November 20-28

Emilia-Romagna Italy

Ontario Technology Corridor OTC ICT Game Connection Paris France December 2-4

See page foregend

GTMA 20M ANNUAL REPORT wwwgrcatertorontoorg

INTERNATIONAL INVESTMENT

The GTMAs main mission is to attract foreign direct investment (FDI) into the Greater Toronto Area (GTA) in order to boost the economy and foster job creation 2014 proved to be another successful year securing 14 international invest ments and creating I 16 new direct-jobs that are estimated to grow to 640 jobs in the next two years

2014 NEW INVESTMENTS

COMPANY

AIC Group Film Studios

Apex Systems

Avanti

Doogits

EDP Renewables

FK Biotech

Forward Innovations

Technologies Inc

Gateway Technolabs

KBE Intelligence

Mountain Warehouse

Nation Builder

PSideo

Wilson Manufacturing

Zomato

1GTA LOCATION11 SECTOR 1ORIGIN 1INITIAL

JOBS Ilead

YEAR

Toronto Film Italy 30 2014

Toronto ICT (staffing) USA 15 2013

Oakville ICT Brazil 2 2013

Mississauga ICT France 2 2014

Toronto Energy USA 4 2010

Toronto Life Sciences Brazil 1 2014

Toronto ICT India 5 2012

Toronto ICT India 1 2013

Toronto ICT Italy 1 2014

Halton Hills Retail UK 5 2013

Toronto

Toronto

Toronto

ICT

ICT

Manufacturing

USA

Switzerland

USA

7

15

8

2014

2013

2014

^f I I

Toronto ICT India 20 2014

Onfne restaurant discovery guide Zomato entered the Canadian market through the CTA in 204 and is rapidy expanding to Vancouver Montreal Ottawa and Cagroy Over time we easiiysee the Canada teamgrowing up to 300 to 400peoplesaidAir Goya founder and CEO ltm

CLIENT ACTIVITY

CLIENTTYPE

Leads 74

RFIs 2

Hot Leads 5

Prospects 7

New Investments 0

yy

y QUARTER y

TOTAL

119 80 141 414

3 4 4 13 wgt 10 6 5 26

9 9 327

3 10 1 14

LEADS are investment related inquiries generated from trade shows and conferences business trips pre-qualified lead generation programs or by direct contact through the web or as a referral RFIs are Requests for Information circulated to the regional and private sector partners requesting business opportunities such as available land andor buildings HOT LEADS are inquiries that have been followed up and a preliminary visit to the GTA and meeting with the GTMA has taken place PROSPECTS are qualified investors that have visited the GTA and have received a substantial amount of ydirect servicing including meetings with representatives from the GTMA and its partners with the potential yjinvestors key location decision-makers NEW INVESTMENTS are investors that have confirmed that they will be opening operations within the GTA

GTMA 2014ANNUAL REPORT- wwwgreatertorontoorg

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

Ml-4 Once more the GTMA has been very active and also very successfulWe continued to apply whatwas working best at the GTMAand made it work even better for our stakeholders and partners for the Greater Toronto Area (GTA)The GTMA continued to focus its resources and energies into its core mandate of foreign direct investment (FDI) on behalf of the GTA We have been building on a proven track record of accomplishments and demonstrating accountability back to our partners 2014 represented another good year of confirmed foreign direct investments with 14 confirmed projects by international companies creating over 100 initial direct-jobs in the GTA and in twoyears these new companies are expected to employ over600 people

We have collaborated with our partners in regional governments business and academia to build on our past successesWhen combining our 2014 results to the earlier investments the GTMA has attracted 127 new yyinternational companies creating about5000 direct-jobs which are contributing about $547 million annually to the GDP of the GTAThis has also resulted in over $9 million in annual property taxes in the region

We recognize that no organization can afford to be complacentThe challenge we undertake is one which requires us to create a new climate and new commitment to meet todays competitive environment inattracting new international investors Our 201 I-2014Corporate Strategic Plan outlined our goals and strategiesIn the past three years we broughta new focus and commitment to our FDI effortsadding the advanced manufacturing sector and a new approach in workingwith in-market representatives who have the right business connections Were confident in delivering great investment results going forward

We had worked on the newRoadmap to Revitalization initiative that looked at how the GTMA compares to other jurisdictions with the intention of gaining support for an expanded role of the GTMA through additional resourcesThis effort was pursued throughout the year and especially in the fall months under the leadership of our two Co-ChairsWe have applied for funding and have received encouraging news yy of increased support for our efforts on behalf of the GTA based on the recommendations of the report

QThe GTMA along with its broad network of stakeholders is part of a commitment that builds on the considerable strengths and diverse economy that we have in the GTAThe success of the GTMA is based on a commitment to the long-term and to team workWe continue wgtto seek ways of collaborating with our local partners while reaching out to international intermediaries to strengthen the GTAs profile and position among international investors yy

Were proud of our continuingpartnerships across the regionwith the private sector and public sectors and also our relationship with the GTA colleges and universities in the important role they play in our investment attraction strategy

As President amp CEOmyactivities continued to be focused in the areas of communication and corporate sustainabilityWith a network of stakeholders as large as ours effective communication is vital in keepingeveryone informed But we also listen to their needs I have also been active in selected FDI projects to assist with our efforts to secure more new investors for the GTA and have made many presentations to incoming foreign delegations to raise the profile of the GTA in their developing foreign business activities

Our funding partners continued to show great support for the GTMA in 20141 want to take this opportunity to thank our regional and municipal partners private sector partners colleges and universities as well as the federal and provincial governments for their support of our core requirements and on numerous FDI projects m Together we are making the GTA a global magnet for foreign direct investment

George Hanus

President amp CEO

GTMA yk

yy 777lt GTMAs efforts in Brazilare a greac example ofhow all three levels ofgovernment can be brought together to worksuccessfully attractingFDIinto Canada Ontario and the GTA Their collaboration withprivate andpublic sectorpartners allows them to provide added value to investors by offeringexpert advice to Brazilian companies on how to do business in Canada

JamaA Khokhar CanadianAmbassador to Brazil

yy

GTMA20HANNUALREPORT-wwwgreatertorontoorg

X

s

m uy

ai

H

ai

I 1

MI-6 INTERNATIONAL MARKETS

INTERNATIONAL MARKETS TARGETED Europe - Germany Italy France SpainTurkey UK Belgium and Luxembourg

bull South America - Brazil

bull USA - California New York Las Vegas Illinois

bullAsia - Japan

Ontario Technology Corridor (OTC)JOINT MARKETING PARTNERSHIPS Ontario Food Cluster (OFC)

INTERNATIONAL LEADS GENERATED IN 2014

INITIATIVE PARTNERS SECTOR ACTIVITY LOCATION

Opening of Ontarios International Marketing Centre

MEDEI ICT PQM Sao Paulo Brazil January 20-22

BelgiumItaly FDIAttraction ICCO Adv Mfg ICT Aerospace

PQM Brussels Belgium Regions of

Lazio and Lombardy Italy

February 24-28

Ontario Technology Corridor OTC ICT Mobile World Congress Barcelona Spain February 24-27

Ontario Technology Corridor OTC i^-t rxshy bull ia jICT Digital Media 6

Game Developers _ r~^r-Conference (GDC)

San Francisco USA March 17-24

European FDIAttraction City of Brampton ICTAgri-food Adv Mfg

PQM Turkey March 17-24

Asia FDI Attraction City of Mississauga

ICTAdv Mfg PQM Japan April I-10

Italy FDIAttraction ICCO Adv Mfg Construction Energy

PQM Region ofVeneto Italy May 2-16

Brazil FDI Attraction Ontario

Food Cluster

OFCOMAF

National Bank

MEDEI

Agri-foodICT PQMlntl Supermarkets Business Fair (APAS)

Sao Paulo and Porto Alegre Brazil

May 5-14

USA FDI Attraction OFC Agri-food PQM NCA Sweets amp

Snacks Illinois USA May 20-22

Ontario Technology Corridor OTC ICT PQM New York USA June 2-6

ICTAgri-foodEuropean FDIAttraction City of Brampton PQM UK June 2-6

Adv Mfg

USA FDI Attraction OFC Agri-food PQM Fancy Food Show New York USA June 29-July I

Food amp Beverage Regions of LazioVeneto Emilia Italy FDIAttraction ICCO PQM June 30 -July 4

Adv Mfg Romagna and Abruzzo Italy

Ontario Technology Corridor OTC ICT GamescomPQM Cologne Germany August 13-16

PQMCITA Super Ontario Technology Corridor OTC ICT Las Vegas USA September 9-11

Mobility Week

Belgium Luxembourg FDI Food amp Beverage DFATD PQM Belgium and Luxembourg September 15-19

Attraction Adv Mfg ICT Sao Paulo Rio de Janeiro

Brazil FDI Attraction OMAF ICTAgri-food PQM Futurecom 15 October 6-16 Porto Alegre Brazil

Ontario Food Cluster OFC Agri-food SIAL Paris France October 17-23

Germany FDIAttraction OTC ICT PQM Electronica Munich Germany November 11-14

Cities of

GermanyFrance Brampton and ICTAdv Mfg SPS-IPC Drives Nuremberg Germany November 21-28

FDI Attraction Mississauga Region of Halton

Regions of Piedmont and Italy FDI Attraction ICCO Agri-foodAdv Mfg PQM November 20-28

Emilia-Romagna Italy

Ontario Technology Corridor OTC ICT Game Connection Paris France December 2-4

See page foregend

GTMA 20M ANNUAL REPORT wwwgrcatertorontoorg

INTERNATIONAL INVESTMENT

The GTMAs main mission is to attract foreign direct investment (FDI) into the Greater Toronto Area (GTA) in order to boost the economy and foster job creation 2014 proved to be another successful year securing 14 international invest ments and creating I 16 new direct-jobs that are estimated to grow to 640 jobs in the next two years

2014 NEW INVESTMENTS

COMPANY

AIC Group Film Studios

Apex Systems

Avanti

Doogits

EDP Renewables

FK Biotech

Forward Innovations

Technologies Inc

Gateway Technolabs

KBE Intelligence

Mountain Warehouse

Nation Builder

PSideo

Wilson Manufacturing

Zomato

1GTA LOCATION11 SECTOR 1ORIGIN 1INITIAL

JOBS Ilead

YEAR

Toronto Film Italy 30 2014

Toronto ICT (staffing) USA 15 2013

Oakville ICT Brazil 2 2013

Mississauga ICT France 2 2014

Toronto Energy USA 4 2010

Toronto Life Sciences Brazil 1 2014

Toronto ICT India 5 2012

Toronto ICT India 1 2013

Toronto ICT Italy 1 2014

Halton Hills Retail UK 5 2013

Toronto

Toronto

Toronto

ICT

ICT

Manufacturing

USA

Switzerland

USA

7

15

8

2014

2013

2014

^f I I

Toronto ICT India 20 2014

Onfne restaurant discovery guide Zomato entered the Canadian market through the CTA in 204 and is rapidy expanding to Vancouver Montreal Ottawa and Cagroy Over time we easiiysee the Canada teamgrowing up to 300 to 400peoplesaidAir Goya founder and CEO ltm

CLIENT ACTIVITY

CLIENTTYPE

Leads 74

RFIs 2

Hot Leads 5

Prospects 7

New Investments 0

yy

y QUARTER y

TOTAL

119 80 141 414

3 4 4 13 wgt 10 6 5 26

9 9 327

3 10 1 14

LEADS are investment related inquiries generated from trade shows and conferences business trips pre-qualified lead generation programs or by direct contact through the web or as a referral RFIs are Requests for Information circulated to the regional and private sector partners requesting business opportunities such as available land andor buildings HOT LEADS are inquiries that have been followed up and a preliminary visit to the GTA and meeting with the GTMA has taken place PROSPECTS are qualified investors that have visited the GTA and have received a substantial amount of ydirect servicing including meetings with representatives from the GTMA and its partners with the potential yjinvestors key location decision-makers NEW INVESTMENTS are investors that have confirmed that they will be opening operations within the GTA

GTMA 2014ANNUAL REPORT- wwwgreatertorontoorg

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

s

m uy

ai

H

ai

I 1

MI-6 INTERNATIONAL MARKETS

INTERNATIONAL MARKETS TARGETED Europe - Germany Italy France SpainTurkey UK Belgium and Luxembourg

bull South America - Brazil

bull USA - California New York Las Vegas Illinois

bullAsia - Japan

Ontario Technology Corridor (OTC)JOINT MARKETING PARTNERSHIPS Ontario Food Cluster (OFC)

INTERNATIONAL LEADS GENERATED IN 2014

INITIATIVE PARTNERS SECTOR ACTIVITY LOCATION

Opening of Ontarios International Marketing Centre

MEDEI ICT PQM Sao Paulo Brazil January 20-22

BelgiumItaly FDIAttraction ICCO Adv Mfg ICT Aerospace

PQM Brussels Belgium Regions of

Lazio and Lombardy Italy

February 24-28

Ontario Technology Corridor OTC ICT Mobile World Congress Barcelona Spain February 24-27

Ontario Technology Corridor OTC i^-t rxshy bull ia jICT Digital Media 6

Game Developers _ r~^r-Conference (GDC)

San Francisco USA March 17-24

European FDIAttraction City of Brampton ICTAgri-food Adv Mfg

PQM Turkey March 17-24

Asia FDI Attraction City of Mississauga

ICTAdv Mfg PQM Japan April I-10

Italy FDIAttraction ICCO Adv Mfg Construction Energy

PQM Region ofVeneto Italy May 2-16

Brazil FDI Attraction Ontario

Food Cluster

OFCOMAF

National Bank

MEDEI

Agri-foodICT PQMlntl Supermarkets Business Fair (APAS)

Sao Paulo and Porto Alegre Brazil

May 5-14

USA FDI Attraction OFC Agri-food PQM NCA Sweets amp

Snacks Illinois USA May 20-22

Ontario Technology Corridor OTC ICT PQM New York USA June 2-6

ICTAgri-foodEuropean FDIAttraction City of Brampton PQM UK June 2-6

Adv Mfg

USA FDI Attraction OFC Agri-food PQM Fancy Food Show New York USA June 29-July I

Food amp Beverage Regions of LazioVeneto Emilia Italy FDIAttraction ICCO PQM June 30 -July 4

Adv Mfg Romagna and Abruzzo Italy

Ontario Technology Corridor OTC ICT GamescomPQM Cologne Germany August 13-16

PQMCITA Super Ontario Technology Corridor OTC ICT Las Vegas USA September 9-11

Mobility Week

Belgium Luxembourg FDI Food amp Beverage DFATD PQM Belgium and Luxembourg September 15-19

Attraction Adv Mfg ICT Sao Paulo Rio de Janeiro

Brazil FDI Attraction OMAF ICTAgri-food PQM Futurecom 15 October 6-16 Porto Alegre Brazil

Ontario Food Cluster OFC Agri-food SIAL Paris France October 17-23

Germany FDIAttraction OTC ICT PQM Electronica Munich Germany November 11-14

Cities of

GermanyFrance Brampton and ICTAdv Mfg SPS-IPC Drives Nuremberg Germany November 21-28

FDI Attraction Mississauga Region of Halton

Regions of Piedmont and Italy FDI Attraction ICCO Agri-foodAdv Mfg PQM November 20-28

Emilia-Romagna Italy

Ontario Technology Corridor OTC ICT Game Connection Paris France December 2-4

See page foregend

GTMA 20M ANNUAL REPORT wwwgrcatertorontoorg

INTERNATIONAL INVESTMENT

The GTMAs main mission is to attract foreign direct investment (FDI) into the Greater Toronto Area (GTA) in order to boost the economy and foster job creation 2014 proved to be another successful year securing 14 international invest ments and creating I 16 new direct-jobs that are estimated to grow to 640 jobs in the next two years

2014 NEW INVESTMENTS

COMPANY

AIC Group Film Studios

Apex Systems

Avanti

Doogits

EDP Renewables

FK Biotech

Forward Innovations

Technologies Inc

Gateway Technolabs

KBE Intelligence

Mountain Warehouse

Nation Builder

PSideo

Wilson Manufacturing

Zomato

1GTA LOCATION11 SECTOR 1ORIGIN 1INITIAL

JOBS Ilead

YEAR

Toronto Film Italy 30 2014

Toronto ICT (staffing) USA 15 2013

Oakville ICT Brazil 2 2013

Mississauga ICT France 2 2014

Toronto Energy USA 4 2010

Toronto Life Sciences Brazil 1 2014

Toronto ICT India 5 2012

Toronto ICT India 1 2013

Toronto ICT Italy 1 2014

Halton Hills Retail UK 5 2013

Toronto

Toronto

Toronto

ICT

ICT

Manufacturing

USA

Switzerland

USA

7

15

8

2014

2013

2014

^f I I

Toronto ICT India 20 2014

Onfne restaurant discovery guide Zomato entered the Canadian market through the CTA in 204 and is rapidy expanding to Vancouver Montreal Ottawa and Cagroy Over time we easiiysee the Canada teamgrowing up to 300 to 400peoplesaidAir Goya founder and CEO ltm

CLIENT ACTIVITY

CLIENTTYPE

Leads 74

RFIs 2

Hot Leads 5

Prospects 7

New Investments 0

yy

y QUARTER y

TOTAL

119 80 141 414

3 4 4 13 wgt 10 6 5 26

9 9 327

3 10 1 14

LEADS are investment related inquiries generated from trade shows and conferences business trips pre-qualified lead generation programs or by direct contact through the web or as a referral RFIs are Requests for Information circulated to the regional and private sector partners requesting business opportunities such as available land andor buildings HOT LEADS are inquiries that have been followed up and a preliminary visit to the GTA and meeting with the GTMA has taken place PROSPECTS are qualified investors that have visited the GTA and have received a substantial amount of ydirect servicing including meetings with representatives from the GTMA and its partners with the potential yjinvestors key location decision-makers NEW INVESTMENTS are investors that have confirmed that they will be opening operations within the GTA

GTMA 2014ANNUAL REPORT- wwwgreatertorontoorg

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

INTERNATIONAL INVESTMENT

The GTMAs main mission is to attract foreign direct investment (FDI) into the Greater Toronto Area (GTA) in order to boost the economy and foster job creation 2014 proved to be another successful year securing 14 international invest ments and creating I 16 new direct-jobs that are estimated to grow to 640 jobs in the next two years

2014 NEW INVESTMENTS

COMPANY

AIC Group Film Studios

Apex Systems

Avanti

Doogits

EDP Renewables

FK Biotech

Forward Innovations

Technologies Inc

Gateway Technolabs

KBE Intelligence

Mountain Warehouse

Nation Builder

PSideo

Wilson Manufacturing

Zomato

1GTA LOCATION11 SECTOR 1ORIGIN 1INITIAL

JOBS Ilead

YEAR

Toronto Film Italy 30 2014

Toronto ICT (staffing) USA 15 2013

Oakville ICT Brazil 2 2013

Mississauga ICT France 2 2014

Toronto Energy USA 4 2010

Toronto Life Sciences Brazil 1 2014

Toronto ICT India 5 2012

Toronto ICT India 1 2013

Toronto ICT Italy 1 2014

Halton Hills Retail UK 5 2013

Toronto

Toronto

Toronto

ICT

ICT

Manufacturing

USA

Switzerland

USA

7

15

8

2014

2013

2014

^f I I

Toronto ICT India 20 2014

Onfne restaurant discovery guide Zomato entered the Canadian market through the CTA in 204 and is rapidy expanding to Vancouver Montreal Ottawa and Cagroy Over time we easiiysee the Canada teamgrowing up to 300 to 400peoplesaidAir Goya founder and CEO ltm

CLIENT ACTIVITY

CLIENTTYPE

Leads 74

RFIs 2

Hot Leads 5

Prospects 7

New Investments 0

yy

y QUARTER y

TOTAL

119 80 141 414

3 4 4 13 wgt 10 6 5 26

9 9 327

3 10 1 14

LEADS are investment related inquiries generated from trade shows and conferences business trips pre-qualified lead generation programs or by direct contact through the web or as a referral RFIs are Requests for Information circulated to the regional and private sector partners requesting business opportunities such as available land andor buildings HOT LEADS are inquiries that have been followed up and a preliminary visit to the GTA and meeting with the GTMA has taken place PROSPECTS are qualified investors that have visited the GTA and have received a substantial amount of ydirect servicing including meetings with representatives from the GTMA and its partners with the potential yjinvestors key location decision-makers NEW INVESTMENTS are investors that have confirmed that they will be opening operations within the GTA

GTMA 2014ANNUAL REPORT- wwwgreatertorontoorg

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

2

Ml-) REACHING INVESTORS IN 2014

Europe and North America are in theforefront as the largest source ofthe GTMAs leads and prospects However South America and Asia are growing rapidly in importance as sources for investmentWhile the high-activity industries are led by ICT and Agri-food 2014 witnessed a steady interest from the advanced manufacturing and business services sectors Increasingly GTMAs marketing initiatives are accounting for growing proportions of investment

INVESTMENTS BY SOURCE

bull GTMA Initiative 64

bull Federal 22

D Provincial 14

INVESTMENTS BY MARKET

Advanced 64

bull BRIC 36

m uy

u

INVESTMENTS BY INDUSTRY

bull AdvMan Automotive 7

bull Energy Environment 7

bull FilmMedia 7

9 ICT 65

D Life Sciences 7

bull Retail 7

INVESTMENTS BY ORIGIN

bull Brazil 14

bull France 7

bull India 22

bull Italy 14

a Switzerland 7

bull UK 7

bull USA 29

KNOWN INVESTMENTS IN THE GTA 1999-2014 ASSISTED BYTHE GTMA

^1

uy c lt$p N amp amp amp 4 pound A S3 $ amp amp amp amp amp

GTMA 201A ANNUAL REPORT-wwwgreatertorontoorg

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

6 Ml- THE REGIONAL ECONOMIC IMPACT OF NEW FOREIGN DIRECT INVESTMENT

Foreign direct investment (FDI) is a key driver of economic growth GTMAs regional approach to economic development activities including attracting FDI drives region-wide economic prosperity FDI results in

Quantifiableeconomic benefits including new capital investments jobs and tax revenues for all levels of government bull Spillover economic benefits such as new knowledge talent scaleglobal distribution networks enhanced competition

and productivity gains

SAMPLE BUSINESS PROFILES OF NEW INVESTMENTS

The following selection of 2014 investors highlights the diverse nature of businesses entering the GTAThese companies have selected different municipalities to host their investment endeavours and plan to engage an advanced labour market to grow their businessA complete list of 2014 investors can be found on page 4

Originating in India Zomato has already proven itself a world leader in online restaurant discovery guides Providing information on home deliverydining-out cafes (^zomato and nightlife in various cities they have opened an office in downtown Toronto and wil consider opening in other GTA communities in the future

British retailer Mountain Warehouse sells outdoor clothing and equipment for hiking camping skiing and cycling Carrying products manufactured exclusively for MOUNTAIN

their brand Mountain Warehouse offers quality products at reasonable pricesTheir WAREHOUSE

first store is now open in the Toronto Premium Outlet Mall in Halton Hills

AIC Group Film Studios is a company from Italy dedicated to the production and post-production of films andTV programsThe company set up a studio inToronto employing 30 peopleThe studio plans to expand the workforce to 250 people and produce 10 films per year

Brazilian investor Avanti specializes in web marketing communication planning commercial management and customer relationshipThey have established their avanticompany in Oakville

Apex Systems Incis a leading ITand Workforce Solutions firm from the USA whose main goal is to connect clients with experts and skilled professionals who work in IT and engineering industriesApex specializes in contract temp-to-perm and direct placements and offers a variety of other services including RPO MSP and specialty sourcingThey have started up inToronto and expect to hire about 15-20 initial employees and 150 consultants within the next 12-24 months

PSideo is a global IT provider from Switzerland assisting clients in the domains of infrastructure software development hosting and managed services In addition PSideo isactive in several business activities such as system integration and Y PSiDEO software engineeringThe company has set up operations inToronto

yrpound

i i

yy

yy

GTMA2014ANNUALREPORT- wwwgreatertorontoorg

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

GT

MA

S C

OL

LA

BO

RA

TIO

N A

ND

CO

OR

DIN

AT

ION

P

RO

DU

CE

S R

ES

UL

TS

NE

W F

OR

EIG

N D

IRE

CT

IN

VE

ST

ME

NT

S I

N T

HE

GT

A

Th

e G

TM

A-

FD

I in

itia

tiv

es a

re m

ad

e

poss

ible

by

the

fund

ing

supp

ort

from

Inv

est

Can

ada

-C

omm

unit

y In

itiat

ives

par

t of

the

D

epar

tmen

t of

For

eign

Aff

airs

Tra

dean

d D

evel

opm

ent

Can

ada

s G

loba

l C

om

mer

ce

Sup

port

Pro

gram

USA

Acc

entu

reln

c| A

pex

Syst

ems|

AU

E A

mer

ican

Uni

ted

Ent

erta

inm

ent |

Bra

nd

Net

wor

ks| C

ircl

es| O

tiFin

anci

al| C

ogni

zant

|C

ompu

ter

Aid

Inc

|CSF

Rad

iato

rs|

Cus

tom

Bld

gPro

duct

s CA

N| D

irec

t-L

ink|

D

eale

rTir

e| E

DP R

enew

able

s | E

IE G

loba

l Fa

irfa

xInf

oT

echn

olog

y| F

ifth

Thi

rdB

ank

HD

fVD

TA |

Hel

ukab

elU

SA |

INSI

Tec

hnol

og

y In

nova

tion

(InS

cope

) | N

atio

n B

uild

er |

OA

OT

ech|

Old

Nav

yT

heG

ap| P

eert

N

etw

ork

| Pen

n C

orp

Ret

urn

Path

| SO

I M

edia

Gro

up |

Sou

ndho

und

jSyc

or C

anad

a In

c | T

arge

t| T

echS

pace

(Reg

usB

us

Cen

tres

) | U

line

Ship

ping

Sup

ply

Spec

ialis

ts

| Wav

estr

ong

Inc

|Wils

onM

anuf

actu

ring

Bet

wee

n 19

99-2

014

the

GT

MA

has

help

ed

127

fore

ign

com

pani

es s

tart

ope

rati

ons

in

the

GT

A r

esul

ting

in

bull

Ov

er 4

980

new

dir

ect

jobs

bull

A

ppro

xim

atel

y 3

mill

ion

sq f

t of

occ

upie

d of

fice

an

d m

anuf

actu

ring

spa

ce

bull

Ove

r $9

mill

ion

annu

ally

in p

rope

rty

taxe

s

bull

Ov

er $

54

7 m

illio

n an

nual

ly t

o G

TA

s G

DP

bull

A

b

oo

st

to G

TA

secto

rs s

uch

as

B

usin

ess

Ser

vice

s

Ene

rgy

Fi

nanc

e

HR

ICT

A

gri-

Foo

d

Life

Sci

ence

D

igita

l Med

ia

A

dvan

ced

Man

ufac

turi

ng

Ret

ail

War

eho

use

Pack

agin

g

bullBal

ed o

n ci

tin

uic

j gi

ven

by th

e C

ity o

f T

oron

to

(101

4)

J3s

q ft

and

$11

000

0em

ploy

K

I IB

M in

UK

Ark

adiu

m |

BRE

Gro

up(C

oin

~o In

tem

ashybull^

tlo

nal|

Info

rmed

Con

sulti

ng L

td| K

errid

ge I

nc

iUttl

eKic

tets

| Mou

ntai

nWar

ebrJ

se|O

ak

Syst

emsI

nter

natio

nal| S

hoot

roun

d| S

umm

er

Mus

kC

onfe

renc

e |T

umer

ampT

owrs

end

| Vox

ar

Ud

| WeR

ecov

erD

ata

IR

ELAN

D W

ard

ampBu

rke C

onstr

ur tf

onLt

d CZ

ECH

REP

UB

UC

m

amp2

T~Z

i T

ltr

TrT

4 T

OSTT

radeC

anad

aFR

ANCE

Arka

drn In

c[

gt

NETH

ERlA

NDSf

bfcare

_

Corp

Even

ts|Do

ogts

| -

BE

LGIU

MD

eIta L

ight

f nAP

-ON-UN

EJ

K lt

U-~laquo

DEM

EDEC

NVG

amelo

ftlO

akato

m

bull

gt

j^rrz

ERLA

ND

PSi

deo

Can

ada

| OB

AD

-

raquo

AUST

RIA

USE

C En

ginee

ring

Mob

ile M

arke

ting

| | F

noni

us C

anad

a Se

rvic

esLC

S C

anad

a [

C

HIN

A

GE

RM

AN

Y R

atio

nal |

Cen

tra

Srr

eade

lCan

ada

| L

anog

old

Can

ada

Co

I bully

S

ola

r A

G

Ub

iso

ft T

oro

nto

S

ino

velW

ind

nraquoL

Y

t

AC

Gro

up

re

Ri

m S

tudi

os |

bull

K

IE

Ren

ewab

le E

nerg

yC

Inte

ifige

i

IND

IA F

orw

ard

Inno

vati

ons

Tec

hnol

ogie

s In

c | G

atew

ayT

edin

olab

s | I

nfos

ysT

echn

olog

ies|

M

aste

k | N

ewge

n | P

atnl

C

ompu

ter S

yste

m |

Pol

aris

S

oftw

are

Lab

Can

ada

| S

aty

am C

om

pu

ter

IBRA

ZILA

vanti |

7

Serv

ices

| W

ipro

| W

renc

h C

oach

IT| F

K

Solu

tions

| Z

omat

o B

iote

ch| P

roje

ct-1

SO

UT

H A

FR

ICA

Tho

roug

hbrc

ad

Tec

hnol

ogie

s L

td

pound2

1

1

On

tari

os

Min

istr

y of

Eco

nom

ic

Dev

elop

men

t E

mpl

oym

ent

and

Infr

astr

uctu

re

(ME

DE

I)an

d O

nta

rio

s M

inis

try

of

Agr

icul

ture

Foo

d an

d R

ural

Aff

airs

(O

MA

FRA

) ha

ve b

een

activ

e p

artn

ers

with

th

e G

TM

A

on a

pro

iect

bas

is i

n se

lect

ed

sect

ors

and

mar

ket

s fo

r w

hic

h t

hei

r su

pp

ort

is

muc

h ap

prec

iate

dT

he G

TM

A is

als

o An

ac

tiv

e u

ser

of t

he O

nta

rio

li

Tra

de C

entr

e (O

ITC

)

TA

IWA

N

Fir

st C

om

merc

ial

Ban

k

| AUS

TRAL

IA

I B

ucha

nan

Gro

up|

1 Pl

enar

y G

roup

Can

ada

| I T

heSw

ann

Gro

up

^V

NE

W ZE

ALAN

D lt~

Ro2

Cas

h|

Fo

ster

Mo

ore

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

yy

IUU1

I I

bull i

MHO BUILDING RELATIONSHIPS mdashAND BUSINESS mdash INTERNATIONALLY

The Greater Toronto Marketing Alliance (GTMA) in co-operation with its 63 public-private sector partners continued to be active throughout 2014 travelling to develop leads and generate results for the GTA on the international level

Oneofthe most important aspects ofattractingforeign direct investment is building strongpersonal relationships with companies and intermediariesabroad At the GTMA we deepen these relationships by collaborating with our private andpublic sectorpartners to provide highqualityservices to help new investors expand into the GTA and North American marketplace

GeraldPisarzowski Vice President Business Development GTMA

The GTMA dealt with a total of 414 new investment leads met with 58 potential investors and garnered 14 new investments for the GTA in 2014 In order to build and nurture those all-important personal relationships GTMA representatives worked with companies from several markets paying special attention to two international markets in particular Italy and Brazil

ITALY

FEBRUARY 24-282014 MAY l-l 62014JUNE 30-JULY42014 NOVEMBER 21-282014

In 2014 the GTMA included Italy as part of four FDI trips With an emphasis on Advanced

Manufacturing Food and Beverage Construction and Infrastructure and ICT sectors these lead

generation initiatives built on the progress GTMA established in the year before

The 2014 Italy FDI initiatives focused on two key areas

bull strengthening the GTMAs intermediary network and relationships among industry chambers

and institutions in the Italian marketplace

bull developing a pre-qualified meeting program with Italian companies looking to

internationalize their business and establish a presence in the GTAOntario

GTMA is pleased to continue partnering with the Italian Chamber of Commerce of Ontario

Tony RomanoVice President Corporate and In (ICCO) on these programs

vestor Services at GTMA (right) visits Giuseppe GTMApartner Cassandra BaccardaxSenior Foreign Investment Advisor for the City of Brampton Melis (left) and Antonio Mallus (centre) at joined the JuneJuly expedition and participated in pre-qualified meetings with senior company Comochi Industriale SpA in Sanluri Italy executives who had articulated business plans for the North American market

Italian companies interested in investing in Canada have diverse profiles ranging from four to 130 employees and from Euro 20000 to Euro 180 million

2014 FDI efforts in Italy resulted in pre-qualified meetings with 47 new leads and one new investment AIC Group Film Studios (see page 6 for company profile)

BRAZIL

JANUARY 17-252014 MAY 5 -162014 OCTOBER 6-102014

Brazil is proving itself a significant source for foreign direct investment (FDI) to the GTA and as such GTMA initiatedthree FDI missions there in 2014Sectors of interest range from major corporations ICT and digital media to aerospace advertising clean tech construction food and beverage and fragrances and cosmetics

GTMA recognizes the substantial contributions of partner Mauricio Godinho Director at Immersion

Labfor arranging pre-qualified meetings with new leads during site visits In 2014 GTMA met with 52 new leads and welcomed two new investments to the GTA Avanti and FK Biotech

2014 saw many partner developments in Brazil In January GTMA collaborated on various GTA business opportunities with Federation of Industries from Rio Grande do SulState (FIERGS) Science

At the opening of the Ontario International Mar and Technology Park at PUCRS (TECNOPUC) and Posto9 in May the GTMA was delighted to keting Centre in Sao Paulo BrazilLeft to right

sign a Memorandum of Understanding (MOU) on behalf of the OFC with FEDERASUL and Her Allan ODette President Ontario Chamber of

Worship Mayor Hazel McCallion of the City of Mississauga led the October visit as a senior political Commerce Mauricio Adriano Godinho Managing representative of the GTA Director of The Immersion LabDrEric Hoskins

Ontario Minister of Economic Development Em ployment and Infrastructure Gerald Pisarzowski Vice President Business Development at GTMA

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

MI- 10

BUILDING RELATIONSHIPS LOCALLY

JUNE 3 MAy 14 SEPTEMBER 24

OCTOBER 22

NOVEMBER 19

Annual General Meeting (AGM) Attracting International Business Investment to the GTA ILBC Building a Global Business from Toronto Matthew Corrin Founder and CEO of Freshii ILBCThe Business ofPan Am Leverage the 2015 Games to Grow Your Organization Honourable Michael Coteau Minister ofTourism Culture and Sport Responsible for the 2015 Pan and Parapan American Games ILBC Ontario is Open for Business Learn what the province is doing to help your business grow Honourable Brad Duguid Minister of Economic Development Employment and Infrastructure ILBC How David Beat Goliath Robert Deluce CEO of Porter Airlines

GTMAS 2014 INTERNATIONAL LEADERS BREAKFAST CLUB (ILBC)

m

George Hanus President amp CEO GTMA (left) with Mayor George Hanus President amp CEO GTMA (left)

Dave Ryan City of Pickering (centre) and Honourable with Honourable Michael Coteau MPP Minister of

Brad Duguid MPP Minister of Economic Development Tourism Culture and Sport (right)

Employment and Infrastructure (right) The International Leaders Breakfast Club (ILBC) program is organized and co-hosted by the Syntropy Group

GEORGE FIERHELLER COLLEGEUNIVERSITY INTERNSHIP amp DEVELOPMENT PROGRAM lt GTMA is proud of our ongoing partnerships with post secondary institutions in the GTA In 2014 this initiative brought new opportunity for community engagement in the form of student mentorship Gerald PisarzowskiVP Business Development at GTMA had the pleasure of working with students from the Ryerson University MBA program as they developed a pitch for the 2015 MBA Games Strategy Case Competition One of 22 teams representing MBA schools from across Canada Ryerson students presented a targeted FDI business plan to the Hamilton Economic Development group and were awarded first place in the Strategy Case Competition

On behalfofthe team I want to thankyou again for taking the time to speak with usYour adviceandfeedback wasinvaluable A targeted foreign directinvestment strategyfocusedon advancedmanufacturing wascentralto ourpitch to the Economic Development Committee J

i i

- Josh Makuch MBAStudentTed Rogers School of Management Ryerson University TEAM MEMBERS

Andrea Hamm

Evan Hughes George Hanus President amp CEO of GTMA gave presentations at York Josh Makuch University about the GTAthe GTMA and investment attraction to students Krysten Connely studying economic developmentThe GTMA welcomes opportunities to engage with students and contribute to local education programs

bull imdash - m

m

mdash bull bull DURHAM YORK nn COLLEGE RYERSON IL BeorrU H I V C raquo S I T f

UNIVERSITY ubullJ

^41^ SUCCESS MATTtHS UNIVERSITY

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

m I I

ltN

M

y=

i i

i w i

INITIATIVE

Ontario Technology Corridor

Netherlands FDI Attraction

Ontario Food Cluster

Italy FDIAttraction

Ontario Food Cluster

Switzerland FDI Attraction

South America FDI Attraction

Ontario Technology Corridor

Italy FDIAttraction

Ontario Technology Corridor

Ontario Food Cluster

Belgium FDIAttraction

Invest in Canada Global Business Summit

Ontario Technology Corridor

Ontario Technology Corridor

Ontario Food Cluster

China FDI Attraction

Japan FDIAttraction

7gtspAgmm a st6ectroefiartge

INTERNATIONAL LEAD GENERATING STRATEGIES PLANNED FOR 2015

The GTMA is committed to staying at the forefront of the foreign direct investment (FDI) field constantly monitoring international markets and identifying opportunities for FDI into the GTA Our strategy for 2015 is to focus on the top 100 companies in each of our target countries to ensure we are working with investors with a strong business model and proven record of success Following this approach GTMA initiatives will engage businesses from a variety of sectors including but not limited to advanced manufacturing clean tech food and beverage ICT and life sciences

The list below outlines FDI lead generation initiatives planned for 2015 GTMA recognizes the valuable contributions of funding partners DFATD MEDEI OFC OTC OMAFRA and the municipalities of the GTA for their ongoing support

PARTNERS

OTCMEDEI

DFATD Private

OFCOMAFRA

DFATD OMAFRA

OFC

DFATD Private

GTA

OTC

Vaughan Brampton

OTC

OFC

DFATD Private

DFATD Private

OTCMEDEI

OTC

OFC

DFATDToronto

DFATD Mississauga

Legend CCBC Canada China Business Council DFATD Department of Foreign AffairsTrade

and Development Canada ICCO Italian Chamber of Commerce of

Ontario

MEDEI Ministry of Economic Development Employment and Infrastructure

OMAFRAOntario Ministry of Agriculture Food and Rural Affairs

OFC Ontario Food Cluster

OTC Ontario Technology Corridor

MHl

ACTIVITY

PQMGDC Game Connection

PQM

PQMAPAS

PQM

Sweets amp Snacks Expo

PQM

PQM

PQM GDC Gamescom

PQM

PQM

PQM Anuga

PQM

Inbound FDI Attraction

PQM Futurecom

PQM Productronica

PQM Private Label

PQMCCBCAGM

PQM

APAS International Exhibition for

Supermarkets BRIC Brazil Russia India China

FDI Foreign Direct Investment GDC Game Developers Conference ICT Information and Communications

Technology PQM Pre-qualified meetings

GTMA 2014 ANNUAL REPORT- wwwgreatertorontoorg

LOCATION

California

The Hague Amsterdam Rotterdam Netherlands

Sao Paulo Brazil

Northern Regions Italy

Chicago USA

Bren Zurich Switzerland

Brazil Chile Colombia

Cologne Germany

Northern Regions Italy

Sweden Finland

Cologne Germany

Brussels Belgium

Toronto Region Canada

Sao Paulo Brazil

Munich Germany

Chicago USA

China

Osaka Nagoya Japan

DATE

March 2-5

March 30-April 3

May 2-7

May 11-15

May 19-21

June 15-19

July 27-August 7

August 3-8

September 10-18

September

October 10-14

October 19-23

October 21-22

October 26-29

November 10-13

November 15-17

November

November

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

MM GTMA PARTNERS

We believe in building strong partnershipsThe GTMA partnerships brings together the 29 municipalities and regions that make up the Greater Toronto Area (GTA) colleges and universities the governments of Ontario and Canada several not-for-profit organizations and across section of private-sector corporations Drawing on the expertise and resources of our partner organizations the GTMA actively promotes the GTA internationally and provides companies with professionalassistance in evaluating planning and implementing an expansion or move into the GTA

1 eorgina G Brock ^

East Gwllllmbury

S J 1 IfccbridgeNewmarket

King lAurora

Cakdoii Y0RK Vr^v DURHA MsSBi

Richmond PickeringHill Vaughan Matkham Whitby Qartnglon

Brampton OshawaHill$ pEEL Ajax

CITY OF

TORONTO

Mississauga

ltlaquoUilifThe GTA is Canadas largest and most influential regional market covering 7124 square kilometres (2750 square miles) with a growing population of over 61 million

PRIVATEACADEMIC SECTOR PARTNERS PUBLIC SECTOR PARTNERS

Town of Ajax Town of Oakville GOLD LEVEL PARTNERS Town of Aurora City of Oshawa yy

Township of Brock City of Pickering City of Burlington Town of Richmond HillrjDTZ Pfi Municipality of Clarington Region of Peel

-J a UGL company AWlA 77ftoT pwc Townof EastGwillimbury Township of Scugog Townof Georgina City ofToronto

THE IAN MARTIN GROUP Town of Halton Hills Township of Uxbridge Township of King City ofVaughan City of Markham TownofWhitby ^i Town of Milton Town of Whitchurch-SILVER LEVEL BRONZE LEVEL EDUCATIONAL

Four Halls Inc Compass Creative Media INSTITUTIONS Town of Newmarket Stouffville

Greater Toronto German Chamber of Centennial College Airports Industry and of Applied Arts amp

Authority Commerce Technology ^f3 INSIX Great-West Life Durham College YorkRegum Canada Miller Thomson LLP Assurance Company University of Ontario Ontario Power Green and Spiegel Institute ofTechnology ^Halton Generation Barristers amp Solicitors York University Is Ontario Scotiabank HSBC Bank Canada

TSI International Group Italian Chamber of IN-KIND Commerce of Ontario InVeStToROnToGeneral Electric CALEDON

mdash-w_bdquoENTREPRENEUR Lette LLP Herman Miller Ill IUN1 Hill I HI National Bank of CanadaHR Options Marriott Eaton Centre

Isabella BertaniCA Syntropy Group Metrolinx

Loh Architects brampton mMISSISSAUGA economic ofvuor-Mdi ^raquo imdashjg ledthrl

GTMA20MANNUALREPORT-wwwgreatertoroncoorg

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

13

GTMA LEADERSHIP - BOARDS amp SUBCOMMITTEES

The GTMA maintains constant contact and collaboration with its partners in the public and private sectorsWe are proud of the breadth and quality of the leaders who have agreed to serve on our boards and committees Their leadership dedication and guidance have contributed to building the foundation for the continued success

[UU|

u

lt

(^|UU|

IUU1

fd

U

of the GTMA

BOARD OF DIRECTORS

Voting Memebers

Mayor David Ryan Co-Chair Public Sector

Region of Durham City of Pickering

Michael S Ras

(Vice Chair) Senior Associate PublicAffairs GCI Group

George Hanus President amp CEO

Greater Toronto MarketingAlliance

MayorJohnTory City ofToronto

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Eugene Gierczak Partner

Miller Thomson LLP

HONOURARY BOARD r

Chair - Public Sector

Mayor Hazel McCallion (Ret) Region of Peel Cityof Mississauga

Chair - Private Sector

Lawrence MTanenbaum

Chairman and CEO

KilmerVan Nostrand Co Limited

Mayor Rick Goldring City of Burlington

Derek Millar

Vice President

Ian Martin Limited

Colin Ross

President

DTZ a UGL company

Robert Siddall

Chief Financial Officer

Metrolinx

John BSimcoe PartnerAudit ampAssurance PricewaterhouseCoopers LLP

Ted Gruetzner

Vice President Corporate Relations and Communications

Ontario Power Generation

1EMBERS

Honourary Board Members

David Agnew President

Seneca College ofApplied Arts ampTechnology

Elyse Allan President amp CEO

General Electric Canada

John BitoveJr Executive Chairman

Obelysk

Dr Ron Bordessa (Ret) President Emeritus

University of Ontario InstituteofTechnology

Ann Buller

President and CEO

Centennial College of Applied Arts amp Technology

David Crombie

President amp CEO

Canadian Urban Institute

David Gavsie

Associate Chair

Ontario Civilian Police Commission

Dr Pamela Ritchie

Dean Faculty of Business amp Information Technology Universityof Ontario Institute of Technology

Lorrie McKee

ActingVice President Stakeholder Relations and Communications

Greater Toronto Airports Authority

Mayor LindaJeffrey City of Brampton

Regional Councillor Joe Li City of Markham

Michael Williams

General Manager Economic Development amp Culture City of Toronto GTAEDP for Toronto

Paul Godfrey President amp CEO

Postmedia Network Inc

Sheldon Levy President ampVice-Chanellor

Ryerson University

Peter Lukasiewicz

Toronto Managing Partner Gowling LaReur Henderson LLP

BWilliam Masson (Ret) President

Ian Martin Limited

DrDavid Naylor(Ret) President Emeritus

University ofToronto

Gordon Nixon (Ret) President amp CEO

RBC Royal Bank

Philip Olsson Chair

OntarioLottery and Gaming Corporation

Hari Panday President amp CEO

PanVest Capital Corporation

GTMA 20 M ANNUAL REPORTwwwgreatertorontoorg

Non-Voting Memebers

Jim Feir (Associate) Director amp SeniorTrade

Commissioner

Foreign AffairsTradeand Development Canada

Norman Lingard Manager Economic Develeopment Town of Caledon

SusanAmring Director Economic Development City of Mississauga

KathyWeiss Director Economic Development and Tourism

Regional Municipality of Durham

Doug Lindeblom Director Economic Strategy Regional Municipality ofYork

Dennis Cutajar Chief Operating Officer City of Brampton

Dale E Richmond

President amp CEO

DERX Inc

WilliamThorsell (Ret) Director amp CEO

Royal Ontario Museum

RitaTsang Chairman amp CEO

Tour East Holidays

The Rt Hon John NTurner (Ret) Partner

Miller Thomson LLP

Dr RobertTurner(Ret) President amp CEO

Sheridan Institute oflechnology amp Advanced Learning

Richard EWaugh (Ret) President amp CEO

Scotiabank

DrJeffZabudsky President amp CEO

Sheridan Institute ofTechnology amp Advanced Learning

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

U-b

EXECUTIVE COMMITTEE

Mayor David Ryan (Chair) Co-Chair Public Sector Region of Durham Cityof Pickering

George Hanus President amp CEO GreaterToronto Marketing Alliance

John Davidson Director Economic Development Regional Municipality of Halton

John B Simcoe PartnerAudit amp Insurance PricewaterhouseCoopers LLP

Michael S Ras Senior Associate PublicAffairs GCI Group

Dr Pamela Ritchie

Dean

Faculty of Business and Information Technology University of Ontario Institute of Technology

Derek Millar

Vice President

Ian Martin Limited

NOMINATING AND GOVERNANCE COMMITTEE

Robert Siddall (Chair) Chief Financial Officer

Metrolinx

George Hanus President amp CEO GreaterToronto Marketing Alliance

AUDIT COMMITTEE

John BSimcoe (Chair) Partner

PricewaterhouseCoopers LLP

George Hanus President amp CEO

GreaterToronto Marketing Alliance

COMPENSATION COMMITTEE

Derek Millar (Chair) Vice President

Ian Martin Limited

George Hanus President amp CEO

GreaterToronto Marketing Alliance

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

John Davidson Director Economic Development Regional Municipality of Halton GTAEDP Representative

Mayor David Ryan Co-Chair PublicSector Region of Durham City of Pickering

Michael S Ras

Vice President Public Affairs GCI Group

Mayor David Ryan GTMA Co-chair Public Sector Region of Durham City of Pickering

GTMA 2014 ANNUAL REPORT wwwgreacertorontaorg

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280

MMfe THE GREATER TORONTO MARKETING ALLIANCE (GTMA)

The GTMA is the lead marketing agency for the Greater Toronto Area (GTA) and the key point of contact for foreign direct investment (FDI) in the GTA

| cwm ^~i laquolaquo

^-GREATERsect pound TORONTO f$ aywniWG-Aiiiiwa

Top row left - right Michelle Cortez Manager Business Development Irteza Omar FDI Consultant George Hanus President amp CEO Liana Hovakimyan FDI Consultant James Bang FDI Consultant

Front row left - right Gerald PisarzowskiVice President Business DevelopmentTony G RomanoVice President Corporate amp Investor Services

WHO WE ARE

The GTMA a public-private partnership has served as the keypoint of contact for companies exploring various opportunities in the Greater Toronto AreaThe partnership brings together the 29 municipalities and regions in the GTA the governments of Ontario and Canada several not-for-profit organizations colleges and universities and a cross section of private sector corporations

GTMA business information and site selection services are fully confidential and provided at no cost Investors working with the GTMA receive support and expert guidance from human resource consultants financial and legal advisors and commercialindustrial real estate professionalsThey also benefit from key contacts with corporate executives and senior government officials By providing all-encompassing services to investors the GTMAhelps facilitate investment in the GTAand ensures the region is positioned internationally as a preferred business location

OUR MISSION

To expand the economy of the Greater Toronto Area by raising the profile of the region internationally to attract new investment and employment

OURVISION

To be recognized as the primary marketing voice for attracting international investment and employment to the Greater Toronto Area

WHO BENEFITS

The GTMA has helped secure investments that have brought thousands of jobs and hundreds of millions of dollars in activity to the GTA since 1997 All of our partners have shared in the benefitsThese returns will continue to grow as further investments now in planning and negotiation stages come to fruition

IN MEMORIUM

Caroline Robertson

May 15 1955-August 252014 Thanks for her 15 years of dedicated service to the GTMA

350 Bay Street Suite 1200 Toronto ON Canada

M5H 2S6

GREATER Tel 4163607320 wwwgreatertorontoorg

TORONTO Fax 4163607331 askusgreatertorontoorg

mmmmm North America Twitter gtmatoronto

180041 14482

International

18007353280