OAKVILLE ECONOMIC OAKVILLE ECONOMIC DEVELOPMENT DEVELOPMENT

ALLIANCEALLIANCE

CCIM West Economic Forum CCIM West Economic Forum Presentation by: Rob Milligan, CEOPresentation by: Rob Milligan, CEO

““The Oakville Economic Development The Oakville Economic Development Alliance is committed to enhancing Alliance is committed to enhancing

Oakville as a diverse live/work Oakville as a diverse live/work community with a sustainable economic community with a sustainable economic base that reinforces the health of the base that reinforces the health of the

community and maintains the high community and maintains the high quality of life”quality of life”

OUR VISIONOUR VISION

2005 Economic 2005 Economic Development Development

StrategyStrategy

2005 Economic 2005 Economic Development Development

StrategyStrategy

1.1. Continue development of a Business Retention Continue development of a Business Retention and Expansion program.and Expansion program.

2.2. Engage in business attraction programs Engage in business attraction programs designed to encourage investment in targeted designed to encourage investment in targeted sectors and clusters.sectors and clusters.

3.3. Promote the Town as a location for tourism Promote the Town as a location for tourism investment and as a tourist destination.investment and as a tourist destination.

4.4. Encourage the creation of an adequate supply of Encourage the creation of an adequate supply of serviced employment lands that allow for serviced employment lands that allow for flexible, multi-use development that supports an flexible, multi-use development that supports an increase in Town-wide live/work opportunities in increase in Town-wide live/work opportunities in Oakville.Oakville.

OBJECTIVES

• Professional, Scientific & Technical Services

• Real Estate, Rental & Leasing• Retail Trade• Educational Services• Management of Companies & Enterprises

High Growth ClustersHigh Growth Clusters

CompetitiveCompetitive Analysis Analysis

Carvalho Scale - Ranking Oakville’s Industrial Carvalho Scale - Ranking Oakville’s Industrial SectorsSectors

Oakville to Ontario 1999-2003Oakville to Ontario 1999-2003

0 2 4 6 8 10 12

Public AdminArts & Ent

Information & CultureMining, Oil & Gas

ManufacturingConstruction

Other ServicesAgriculture

Finance & InsuranceAccom & Food

HealthTransport

UtilitiesEducationWholesale

Real EstateRetail

Admin & SupportMgmt of Companies

Prof. Scientific & Tech.

HighHighPerformersPerformers

MediumMediumPerformersPerformers

PoorPoorPerformersPerformers

Competitive AnalysisCompetitive Analysis

• Town of OakvilleTown of Oakville• Oakville Chamber of Oakville Chamber of

CommerceCommerce• Sheridan InstituteSheridan Institute• ResidentsResidents• Business CommunityBusiness Community• Oakville Hydro/BlinkOakville Hydro/Blink

PartnershiPartnerships Are Keyps Are Key

EMPLOYMENT LANDSEMPLOYMENT LANDS• The amount of employment land designated in the Official plan is The amount of employment land designated in the Official plan is

related to the amount of industrial and office employment related to the amount of industrial and office employment required by the municipality to achieve Activity Rate policy required by the municipality to achieve Activity Rate policy goals, and to maintain a competitive supply of vacant and goals, and to maintain a competitive supply of vacant and marketable employment lands. marketable employment lands.

• The municipality will strive to maintain a minimum 15 year The municipality will strive to maintain a minimum 15 year supply of vacant employment lands. supply of vacant employment lands.

• AVERAGE ABSORPTION FROM 1990 TO 2004 = 49.35 acresAVERAGE ABSORPTION FROM 1990 TO 2004 = 49.35 acres

• 15 Year Supply Approximately (15 x 50) = 750 acres15 Year Supply Approximately (15 x 50) = 750 acres

ZONE VACANT (Hectares) VACANT (Acres)E1 224 553E2 77 190T1 54 134M2 10 26

TOTAL 365 902

SUMMARY OF ALL EMPLOYMENT DISTRICTS

ha acres* ha acres*E1 182 450 27 68E2 202 500 17 43T1 82 202 2 6

Sub-Total 466 1,152 47 116E1 126 310 37 92E2 158 391 0 0T1 77 191 24 59M2 10 26 10 26

Sub-Total 372 918 71 176E1 81 199 22 54E2 71 176 5 12T1 33 82 11 26

Sub-Total 185 457 37 92E1 65 161 60 147E2 167 411 51 126T1 34 84 9 23

Sub-Total 265 656 120 296E1 43 107 2 5E2 11 27 4 9T1 5 12 0 0

Sub-Total 59 145 6 14E1 83 205 76 187E2 0 0 0 0T1 8 20 8 20

Sub-Total 91 225 84 208

TOTAL 1,438 3,553 365 902

VACANT EMPLOYMENT LAND INVENTORY

INVENTORY OF EMPLOYMENT LANDS AND VACANT LANDS BY ZONE BY DISTRICT

Mid Town Core

Winston Park West

EMPLOYMENT DISTRICT

TOTAL EMPLOYMENT LAND INVENTORYZONING

DESIGNATION

QEW West

QEW East

Winston Park

Burloak

EMPLOYMENT LANDSEMPLOYMENT LANDS

INTENSIFICATION + INTENSIFICATION + REVITALIZATIONREVITALIZATION

• The knowledge-based economy depends on what The knowledge-based economy depends on what economists call high human capital -- what most of us economists call high human capital -- what most of us would call talent.would call talent.

• Nobel prize-winning economist Robert Lucas maintains Nobel prize-winning economist Robert Lucas maintains that the driving force in the growth and development of that the driving force in the growth and development of cities and regions can be found in the productivity gains cities and regions can be found in the productivity gains associated with the clustering of talented people. associated with the clustering of talented people.

• But what brings talented workers to those areas? How But what brings talented workers to those areas? How do they make their residential and business location do they make their residential and business location decisions? What sets high-technology centers such as decisions? What sets high-technology centers such as Silicon Valley and Route 128 in Boston apart from other Silicon Valley and Route 128 in Boston apart from other metropolitan areas? Why have some cities - many home metropolitan areas? Why have some cities - many home to some of the nation's most prestigious university to some of the nation's most prestigious university research centers and college graduates - been unable to research centers and college graduates - been unable to attract talented technology workers?attract talented technology workers?

The Game has Changed:The Game has Changed:

INTENSIFICATION + INTENSIFICATION + REVITALIZATIONREVITALIZATION

B.I.A. (2) Downtown, BronteB.I.A. (2) Downtown, BronteKerr Street ExampleKerr Street ExampleCorporate call programCorporate call program

Target environmentally friendly businesses in Target environmentally friendly businesses in the Knowledge Based/Adv. the Knowledge Based/Adv. Manufacturing/Professional Services.Manufacturing/Professional Services.

Use employment lands most efficiently.Use employment lands most efficiently.Higher employment densities from head offices.Higher employment densities from head offices.

Business Retention and ExpansionBusiness Retention and Expansion

Business Business AttractionAttraction

YEAR POPULATION

*2001 144,738

2006 161,500

2011 186,400

2016 215,000

2021 231,800* Statistic Canada Census Data - 2001

Source - Best P lanning Estimates - J uly 2003

Population Projections

There will be There will be GrowthGrowth

Construction Value

$-

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

Construction Value

OAKVILLE ECONOMIC OAKVILLE ECONOMIC DEVELOPMENT ALLIANCEDEVELOPMENT ALLIANCE

Thank You for Attending!Thank You for Attending!