Over the last 50 years or so, there has been an ongoing effort on the part of the federal and provincial governments directed towards regional economic development in Eastern Ontario. For example, the Province of Ontario embarked on a decentralization approach to regional development during the mid-1960s, known as Design for Development, to deal with the negative consequences associated with the extremely rapid growth of the Toronto region and with the impacts of such concentrated growth may have in other regions of the province. The Ontario Development Corporation was established during this period to provide funding and financial incentives for manufacturing in slower growth areas like Eastern Ontario. Continue reading
Social media has quickly emerged as a dominant mode of communications and interaction in today’s society whether it be in current events, political elections, entertainment news, open government and a slew of other subjects. Over the last ten years, local economic development agencies have increasingly turned to social media as a means for branding and marketing their communities, assisting in site selections or location decisions, forging networks with local businesses and establish direct contacts with business decision makers. Continue reading
I have long had an interest in regional development in South America starting back when I was a graduate student at McMaster University’s Geography Department many years ago. My interest was founded in publications on economic theory and regional disparities by authors like Gunnar Myrdal, Albert Hirschman and John Friedman. Continue reading
On a simplest level, population trends tend to mirror employment trends at the community or regional levels. Communities experiencing sustained job growth are likely to also experience a net in-migration of workers or new hires. At the opposite end, long lasting periods of economic stagnation tends to lead to persistent outmigration of population especially younger working-age people, a result experienced by several smaller communities and rural areas in Eastern Ontario. Continue reading
The City of Ottawa’s Economic Strategy 2015 Update known as Partnerships for Innovation has its vision to be a leader in innovation for economic prosperity. This vision statement is based on the following assessment:
Today’s economy is global, competitive, and rapidly evolving through technology and innovation. To excel and outperform, municipalities are proactively investing in economic development initiatives that encourage investment attraction and business expansion and retention, foster entrepreneurship and innovation, strengthen tourism, and provide the necessary tools and research to make informed decisions.
The City’s Economic Strategy is also derived from the argument that Ottawa’s dependency on the federal government has in fact discouraged new investment on the part of private industry and indeed, has created a situation where the local economy is in imminent peril because of its downsizing and spending cuts.
Mayor Watson seemed to be impressed when the prestigious fDi Magazine selected Ottawa as the most “Business Friendly” mid-sized city in the Western Hemisphere. Invest Ottawa was also excited about the news and sent its Vice-President along with Councillor Stephen Blais to Anchorage Alaska to pick up the award at the International Economic Development ceremony.
Not only was it the most Business Friendly mid-sized city, Ottawa was also beat out by only Raleigh, North Carolina and Oakland, California as the overall top mid-sized “City of the Future”. Brampton was the only other Canadian city making the overall top 10 in the mid-size category coming in at number 9. Continue reading
In this blog, I compare Eastern Ontario’s job performance in the new millennium with the rest of Southern Ontario with a particular interest in seeing how resilient the regional job market has been following the Great Recession. With the exception of Ottawa and Kingston, Eastern Ontario has historically lagged behind the rest of Southern Ontario and continues to face economic challenges in terms of plant closures in traditional manufacturing industries and out-migration of younger workers in search of jobs outside their communities for example.