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
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.
Ever since the Queen Victoria’s selection of Ottawa as the Capital of the United Province of Canada, economic diversification has appeared as a rallying cry on the part of local public and business representatives. In 1906, Mayor Ellis laid out the challenge that “the time has come when Ottawa must decide whether it is for all time to be simply the seat of Government and a Departmental City, or whether it not become also an industrial centre” with its excellent “rail facilities and unrivalled water power” (City of Ottawa Council Minutes 1906). Continue reading
Globalization and its concomitant concepts of global cities, control-and-command centres, and city mega-regions are much in vogue these days. Globalization has been identified as being the cause (blame?) for many of the challenges faced by larger Canadian cities ranging from governance (e.g. amalgamation) to economic competitiveness to investment in municipal infrastructure. The rationale commonly presented by municipal representatives is that, in the face of powerful social, political and economic globalization forces, metropolitan cities throughout Canada must strengthen their competitiveness in the world economy in order to maintain and sustain local prosperity and high quality of life. Continue reading