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Vaughan. Business Link.
BUSINESS NEWS AND STATISTICS FROM THE CITY OF VAUGHAN YEAR IN REVIEW 2013
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THE TRANSFORMATION OF VAUGHAN GIVING AND GAINING MORE – INTO A MAJOR URBAN CENTRE VAUGHAN BUSINESSES STEP UP AGAIN
What does it take to transform a City? It takes a vision, strategy and leadership to make Is there a measurable payoff for corporate social responsibility it happen. With the accomplishments and progress this Council and administration has (CSR)? When companies get the mix of “what” causes or made on the City’s strategic plans, Vaughan is now realizing the transformation from issues, and “how” or approaches to adding value, philanthropic a suburban community into a major urban centre. activities and competitive advantage become mutually reinforcing. Whether we think in these terms, or just have The City of Vaughan’s 10-year Economic Development Strategy of 2010 provides visceral need to give of ourselves, we all benefit. a blueprint for Vaughan’s future economic growth. While it’s focus is on developing Vaughan as an economic centre for attracting investments and jobs, it also places equal This past holiday season, we saw the generosity of local importance on creating a thriving, vibrant community that offers an impressive quality Vaughan businesses. More than 70 businesses donated toys of life and high level of connectivity. The City continues to reach out to residents, and cash towards the CP24 CHUM Christmas Wish program. businesses, media, academic institutions and government agencies to foster the Local firms such as TITAN Equity Group Ltd., contributed transformation of Vaughan into a dynamic urban centre. in the collection of more than 10,000 toys for children in Vaughan continues to experience tremendous growth. Figures from the 2010-2013 York Vaughan and across the Greater Toronto Area. “We strongly Region estimate show a population growth of more than 24,000 new residents in the believe in giving back to the community,” said Terry Kotton, past three years. Between 2012 and 2013, the number of businesses in Vaughan grew President of the TITAN Gives Back program. by 3.7 per cent. The City invests millions of dollars every year in capital projects to build This sentiment of giving back resonates throughout the year. new or improve existing infrastructure. Vaughan is committed to city-building, as well “Our contribution of $1 million to Mackenzie Vaughan Hospital as providing residents and businesses with services that focus on a healthy and safe is made possible because of the generosity of our businesses,” community, while encouraging innovation and prosperity. said Mayor Maurizio Bevilacqua. “When we build these projects, we are also supporting our families, our residents and We have seen great progress on several important initiatives in 2013 – the employees. Each of us has capacity beyond our imagination.” Mackenzie Vaughan Hospital, Highway 427 extension, the subway extension and new development applications in the Vaughan Metropolitan Centre. These The benefits of CSR are increasingly being borne out in “initiatives are an important part of Vaughan today that will have a lasting impact empirical evidence. The research is showing a causal link on our City’s future.” between CSR and financial performance – a better bottom line, employee satisfaction, staff loyalty, brand image and In 2013, the City experienced excellent growth in new businesses - there ability to attract new talent. A shout-out to Vaughan businesses are now more than 10,000 businesses here. Vaughan remains one of and supporters: giving more is also gaining more. Canada’s fastest-growing“ cities, with the annual value of construction activity surpassing the one billion dollar mark for the ninth time in 12 years. Major construction development projects in the residential, commercial, industrial and institutional sectors totalled $1.102 billion.
Working together we are achieving our ultimate goal of becoming a world-class city. The City knows that economic growth opportunities are not only coming from locally grown companies, but also internationally from business owners looking to expand globally.
“The City of Vaughan understands the important and dynamic role that cities play in global markets. We are now in a strong position to take advantage of our location and strong local economy and look beyond our borders,” said Mayor Maurizio Bevilacqua. “The business mission to Israel this past October Mayor Maurizio Bevilacqua and Terry Kotton, President of TITAN will result in an exciting collaboration with Centennial College Gives Back, with the donated toys. – a joint trade office in Tel Aviv. At a time when the Canadian economy continues to have challenges, this investment sets us apart. No other Canadian municipality has a trade office in Israel showcasing local industries and the advantages INSIDE THIS ISSUE of our diversified local economy.” ~1dX[SX]V0 ~ Vaughan ranked th BEST 8 MID-SIZED CITY In 2013, the City of Vaughan completed the Healthcare Centre Precinct Plan. The Precinct Plan will help to facilitate the development of Mackenzie Vaughan - 2013 7^b_XcP[P]SPEPdVWP]7TP[cWRPaT2T]caT?aTRX]Rc^]P2Xch ^f]TS'! PRaT parcel of land just north of Canada’s Wonderland. The City of Vaughan and Council is focused on creating a positive environment that encourages innovation and prosperity. Reaching out to businesses, major kilometres of subway institutions, agencies, and other levels of government to ensure the City’s 6.4 priorities are understood within the circles of decision-makers. The Economic tunnels completed in 2013 Development Department is committed to achieving the City’s goals through Revenue service is expected to begin by fall 2016 for the initiatives - such as the following: 8.6-kilometre extension of the Toronto Transit Commission’s Yonge-University-Spadina subway line to the new terminus, the Vaughan Metropolitan Centre (VMC) Office Development studies: the City Vaughan Metropolitan Centre Station at Highway 7 and Jane St. engaged Altus Group to develop pro-forma estimates on potential office space typologies in the VMC. As well, the City undertook to review financial In November 2013, the Toronto-York Spadina Subway Extension (TYSSE) and development incentives being employed by other office centres in the celebrated a major milestone as the last tunnel boring machine (TBM) finished Greater Toronto Area. The premise of these studies was to gain a stronger the final tunnel drive for the twin tunnelling. The TBM broke through the understanding of the VMC’s competitiveness as an office node. headwall at the Vaughan Metropolitan Centre (VMC) Station extraction shaft, located on the south side of Highway 7, just west of Jane Street. This sets the Familiarization Tour for Ministry of Economic Development, Trade and stage for the next phase of work in the tunnels, including installation of inverts Employment (MEDTE): in co-operation with the Region of York, Vaughan and walkways, track, traction power, signal and communication systems. hosted representatives from MEDTE’s international business development Starting in January 2014, along with VivaNext’s Highway 7 West rapidways group in October 2013. construction, hydro crews will begin to install underground hydro lines along Highway 7 from Edgeley Boulevard to east of Jane Street. This work will be York Region Broadband Strategy: the City is partnering with the Region of completed in segments over several months. York on reviewing high speed broadband connectivity as assets in attracting industries and post-secondary educational investments; and for the delivery For more information: of a myriad of services to residents. ~ CHBB4R^]bcadRcX^]X]U^a\PcX^][X]TPc ' !!" % (!^aT\PX[ [email protected] York Region Post-Secondary Education Attraction Strategy: the City is ~ EXeP=Tgc7XVWfPh&FTbcAP_XSfPhb2^\\d]Xch;XPXb^]B_TRXP[Xbc working with the Region of York to develop the business case for attraction Pc( $ ''% %&%&Tgc & !(^aT\PX[2PaaXT B[PccTah/h^aZ RP of post-secondary educational institutions. In addition, the City has met with representatives from a number of colleges and universities to discuss Vaughan Metropolitan Centre their plans for expanding educational programming, as well as training, Hwy. 7 product commercialization and other industry-academic collaborations. 6 YORKIE TORKIE 5 Highway 427 Hwy. 407 Keele St. Highway 407 Northern Tunnel Drives Extension Underway 4 YORKIE TORKIE 3 Hydro Corridor Steeles Ave. LEGEND Planned North Tunnel Pioneer Village York University Contract Drives Planned South Tunnel Contract Drives York Completed Tunnel University (Excavation & Lining) 2 TORKIE Subway Stations YORKIE 1 Construction (Cut & Cover) CN / GO Barrie Line Tunnel Launch Sites Jane St. (Start of Tunnel Drive) Hydro Corridor Finch West Finch Ave. Don River 2 MOLEY HOLEY 1 Black Creek Downsview Park Moving forward on key infrastructure, Premier Kathleen Wynne Dufferin St. 4 MOLEY and other government officials announced capital budget funding Southern Tunnel Drives Downsview HOLEY 3 to enable construction of the Highway 427 extension beginning in Park Sheppard Ave. ! % ! & CWXbX]UaPbcadRcdaTX]eTbc\T]cfX[[Tg_P]SQdbX]Tbb investment and job growth in the employment lands of the Vaughan Sheppard West (currently Downsview) 4]cTa_aXbTI^]TcWT_^cT]cXP[U^a#'\X[[X^]b`dPaTUTTc^UX]SdbcaXP[ Alllen R b_PRTP]S#% Y^Qb Map showing the route taken by the TBMs. R eelee St. Economic Development 2013 In Review. Left to right: Ted Sokolsky, UJA Federation President; Hon. Maurizio Bevilacqua, “Building a Gateway to Tomorrow’s Economy”, the Economic Development’s Mayor; DJ Schneeweiss, Consul General of Israel in Toronto; Leslie Dan, 10-year strategy was developed based on a need to integrate economic Canada Israel Chamber of Commerce Chairman; and, Oded Orgil, Canada Israel Chamber of Commerce President. development activities into a greater framework of partnerships and activities focused on creating a vibrant community life that is inclusive, progressive, environmentally responsible and sustainable. Furthermore, the City received an additional 53 leads from companies that heard about Vaughan’s interests in the Israel market. The sectors With the implementation of this strategy well underway, this issue of the represented by leads include: building technologies, water technologies, Business Link highlights some of the economic development activities, medical and information technologies. initiatives and accomplishments for 2013. n Vaughan – Centennial College Trade Development Office in Israel: NEW BUSINESS INVESTMENTS AND EXPANSIONS In co-operation with Centennial College, the City is opening a joint trade development office in Israel. This collaboration has benefits for both parties: market intelligence; in-country business representation for 1.7 million sq.ft. Vaughan; as well as student recruitment and R&D exchanges. n.The City received 23 requests for cultural delegations partnership Accuristix – transportation and logistics 230,000 sq. ft. opportunities and business visits: Of these, Vaughan welcomed 14 Bailey Metal – mfr. of steel framing 61,500 sq. ft. expansion delegations from China, Italy, Korea, Japan and Israel. The City officially Bennett Tools – mfr. of painting tools 188,700 sq. ft. received the Consul Generals of Japan, China and Israel. In October 2013, Berenson – dist. of hardware 35,000 sq. ft. the City received an official visit from the Mayor of Lanciano, Dr. Mario Pupillo, Improve Canada – retail condo 320,000 sq. ft. who has expressed interest in furthering the economic partnership between NHD Developments – industrial spec. 132,000 sq. ft. the Town of Lanciano in Italy and the City of Vaughan. Retail commercial building (Lee Valley) 42,500 sq. ft. Rochon Engineering – forensic engineers 24,000 sq. ft. Serta – dist. centre 250,000 sq. ft. Typhon Group – office building 54,898 sq. ft. United Natural Foods – dist. food products 40,000 sq. ft. expansion Vaughan Mills – retail 197,000 sq. ft. expansion developing vaughan as an economic gateway The City’s Economic Development Strategy identifies a robust international business development (IBD) program targeted to international markets that www.vaughan.ca/israel are aligned with Vaughan’s convergence sectors. The City’s IBD programs begin with business attraction objectives, but expand beyond lead generation to helping local business compete, find new markets, develop supplier relationships and alliances while also assisting them with enabling research and identifying funding sources. BUSINESS RESOURCES AND MARKETING n International Business Mission to Israel: the Mission took 23 delegates n . Corporate Calling Program: City staff made 105 corporate calls to local businesses, from business, academia, PowerStream, Mackenzie Vaughan Health providing advice and support on issues such as staff recruitment, market and the City of Vaughan to Israel. The 8-day visit included more than development, property standards, building expansion and government programs. 150 in-country meetings. As a result of the mission, participating delegates n A strategic Israel international business development marketing campaign was are pursuing business contracts; supplier proposals; R&D and other implemented. Its goal was to achieve significant business participation while commercialization exchanges that currently is estimated at $300 million. focusing on private-public partnerships and institutional collaborations to 2013 Vaughan Business Mission to Israel Highlights build support and engage business owners and academia to either sponsor the program or contribute to sustaining the Vaughan-Israel international business 10 Strategic partnerships (UJA, Government of Israel, among others) development program. The marketing campaign included a suite of promotional 7 Industries represented on the mission materials and events: international business development program launch with 10 Cities across Israel visited during the mission business invitations, online registrations, flyers, posters, and e-communications; 60+ Business opportunities for participating mission delegates 12-page promotional brochure and information packages; video filming, web 2M+ Media impressions generated through various media channels streaming and online resources. in Canada and Israel The Vaughan business mission to Israel was also supported with media 7 Memorandums of understanding signed by Centennial College relations activities in order to increase awareness about the mission and with learning institutions and organizations in Israel keep local communities updated on the opportunities resulting from the 53 Potential new business relocations and/or expansions trip. These media relations activities, news about the Israel business generated for the City of Vaughan following the mission mission achieved 2,127,936 impressions — a figure that represents the total 4 Return visits from Israeli business owners and government number of people that read about the Israel mission either in a newspaper, officials to Vaughan magazine or other online source. Cultivating A The Historic Village of Kleinburg in Diverse Economy. Vaughan, “One of the Best Charming Small Towns to Visit!” — Days Out Ontario, 2013 Vibrant and diverse communities happen because of innovative and talented KBIA to secure $25,000 in funding from Central Counties Tourism. This sets people. This new breed of knowledge-based worker is looking for a community a path for establishing the community as a destination for shopping, dining, that fulfills more than their basic needs. Now more than any other time in history, an outdoor recreation paradise as well as a meeting place for residents the existence of social benefits and a dynamic quality of place will define where and visitors. talent roots itself. The economic development activities undertaken in 2013 n Vaughan Tourism Roundtable: For the past three years, the City has hosted focused on expanding opportunities in the creative, cultural and innovative an annual Tourism Roundtable to help local operators develop and enhance industries for residents and businesses alike. their business, share tools and best practices to build brand awareness and Creative and Cultural Industries visitation. The 2013 Tourism Roundtable theme was ‘experiential tourism and product development’ where close to 100 business participants were n Vaughan Film Festival (VFF): City staff assisted the organizers of the introduced to experiential tourism tools. Vaughan Film Festival with program development and expanding services to up and coming film-makers. For the first time, the VFF showcased international Innovative Research Development and Design films. In total 16 short films were shown over a two-day period and the gala netted more than 600 attendees, an increase of 50 per cent over the previous n Innovation Park: City staff continues to support the Toronto and Region year. Festival organizers extended their reach in the arts community, Conservation Authority in the establishment of an Innovation Park focused on participating at the 3rd annual Arts Exposed Conference. growing the building and construction industries in Canada. As the business plan was being completed for the project, staff met with project managers to n Kleinburg Business Improvement Association (KBIA): with the assistance resolve planning and development processes matters. Staff is also continuing of City staff, the KBIA developed new branding for the village core, with logo to introduce local firms to the project. www.thelivingcitycampus.com design, website and public relations initiatives. In addition, staff assisted the Market Indicators. Construction is progressing at TTC’s Vaughan Metropolitan Centre (VMC) Station, located at Highway 7 and Millway Avenue. April 2013, an aerial photo of VMC Station looking southeast. New Building Construction Permits OPTIMISM IN THE MARKET Surpassed $1 Billion As 2014 begins, there is much to be optimistic about. From job growth, The annual value of construction activity in the City of Vaughan has business counts to lease rates and housing prices, the numbers are surpassed the one billion dollar mark for the ninth time in 12 years, trending upwards. Although the figures are still being refined, the City supporting Vaughan’s position as one of Canada’s fastest-growing cities. of Vaughan has reached a new milestone – home to more than 10,000 businesses. Indications from the latest York Region Employment Survey point to a 5.5 per cent increase in the number of jobs - 186,019 jobs in CONSTRUCTION ACTIVITY, 2012 vs. 2013 BASED UPON VALUE OF BUILDING PERMITS 2013, compared with 176,296 jobs in 2012. The number of business establishments rose by three per cent from 2012 levels. 1200 On the real estate front, CBRE reports that by the end of 2013, Vaughan $1.1 Billion had recorded more than 1.5 million sq. ft. of positive absorption placing 1000 Vaughan as one of the top two performing markets in the Greater Toronto Area. With the availability rate stabilizing in the mid four per cent range, $719.5 Million 800 coupled with strong absorption figures, and pushed up leasing rates by $0.24 per sq. ft. quarter-on-quarter to $5.19 per sq. ft. Unlike average asking rental rates, asking sale prices fell in Q4 to $90.73 per sq. ft. attributable 600 to large buildings marketed for sale which tend to ask lower rates. 400 In Vaughan, the average price of existing homes (all home types) as reported by the Toronto Real Estate Board’s Market Watch, increased by 7.4 per cent from 2012 to 2013. The average price of a home in Vaughan 200 Value of Building Permits ($ millions) Value exceeds $665,000. The residential component accounts for 67 per cent ($735.3 million) of issued permits with new condominium apartments 0 2012 2013 outpacing single family dwellings, including townhouses and semi- detached homes. This increase in mixed use high-rise residential units Miscellaneous Institutional Industrial Commercial Residential is consistent with the City’s Official Plan goals of achieving intensification Source: City of Vaughan, Building Standards Department, January 9, 2014 and transit-oriented developments. Small Business VBEC CONSULTATIONS BY INDUSTRY SECTOR, 2013 2013 In Review. A BUSINESS INCUBATION HUB 2013 has been another exciting year for the Vaughan Business Enterprise Centre Other Services: including Manufacturing (3.1%) (VBEC). Expanding its commitment Personal Services (15.7%) Wholesale Trade (2.4%) to entrepreneurship, the Ministry of Economic Development, Trade and Other: Public Administration Services (12.7%) Real Estate, Rental and Leasing (1.6%) Professional, Scientific Administrative and Support, Employment (MEDTE) rebranded its network of small business centres, and Technical Services (12.4%) Waste Management and regional innovation centres and small business advisory services under the Construction (11.7%) Remediation Services (1.5%) Accommodation and Food Services (9.3%) Transportation and Warehousing (1.4%) new Ontario Network of Entrepreneurs (ONE) brand. Arts, Entertainment and Recreation (8.9%) Information and Cultural Industries (0.9%) Retail Trade (6.8%) Agricultural, Forestry, Fishing 5^acWT_TaX^S^U9P]dPahc^3TRT\QTa! "E142_a^eXSTS'&!^]T ^] ^]T Health Care and Social Assistance (6.5%) and Hunting (0.5%) Education Services (4.2%) Utilities (0.3%) consultations with people who are looking to start and grow a business, a !!_TaRT]cX]RaTPbTUa^\! ! <^aTX\_aTbbXeT[hE142WP]S[TSP%!_Ta cent increase in inquiry volume. Business establishments or expansions FOSTERING YOUTH ENTREPRENEURS WP]S[TSQhE142X]RaTPbTSQh#'_TaRT]cfXcW! 'b\P[[QdbX]Tbb a\b Youth programs continue to grow. Fourteen students completed the aTR^aSTS 8]! "cWT]d\QTa^UY^Qb%$"RaTPcTSQhR[XT]cbfPb\^aT Summer Company Program, but more impressively four of them will than 2.3 times the 2012 total. continue operating their businesses. The Biz Teens Camp increased its An analysis of the client consultations indicate that Personal Service intake by 20 per cent over 2012. VBEC’s Culinary Program, operating since QdbX]TbbTbPRR^d]cTSU^acWT[PaVTbce^[d\T $ &_TaRT]cU^[[^fTS 2010, continues to place high school students in the culinary industry, closely by Professional, Scientific & Technical Services (12.4 per cent) opening the door for a career or business in hospitality. With the launch and Construction Trades (11.7 per cent). of Starter Company in 2014, local youth will have more access to VBEC services as well as government funding for start-ups. TEDX NOW IN VAUGHAN New for 2013, VBEC introduced the acclaimed TEDx programs, building Vaughan’s TED community, reaching more than 270 people at its TEDxYouth, WE’RE MOVING TO CITY HALL TEDxVaughanT and TEDxWomen’s events. The TEDx To serve you better, the Vaughan Business Enterprise Centre (VBEC) programsp are about generating big ideas, which can be will be moving to City Hall (2141 Major Mackenzie Drive). ttranslated into community building, social enterprises as well as business development. During the same period, For more information: more than 213 seminars were offered, with attendance CT[)( $ '"! '$!% ^U\^aTcWP]!$ _T^_[T E142{bP]]dP[TeT]cbcWT Email: [email protected] Vaughan Business Business-to-Business Expo and Small Business Week www.vaughan.ca/VBEC Enterprise Centre aTPRWTS!!(PccT]STTbP]S%#&PccT]STTbaTb_TRcXeT[h CONNECT | COLLABORATE | GROW Economic The City of Vaughan’s business development support program is dedicated to helping businesses succeed on a local and international scale. The business development program is comprised of a series of market-driven Development and results oriented support services, created to help businesses gain a sustainable competitive advantage. Services. Through Vaughan’s Economic Development Department and the Vaughan Business Enterprise Centre the following services are offered to support entrepreneurs at all stages from startup, to growth, through to expansion and relocation: The City of Vaughan’s Economic Business consultations and mentorship Development Department received Market readiness tools and commercialization support the 2013 Award of Excellence from Strategic partnership match-making the Economic Developers Council Investment attraction support of Ontario. Access to Federal and Provincial government grants International business development support Site selection assistance and relocation support Access to market research and intelligence Youth entrepreneurship programs City of Vaughan, Economic Development Department Workshops, seminars and events services C ( $ '"! !!' E. [email protected] We are here to help businesses succeed in Vaughan. Contact us today www.vaughan.ca/business to see how we can make a difference in the success of your business. SAVE THE DATE Business The Vaughan Chamber of Commerce invites local businesses and organizations to their upcoming events. ~ The 2014 Mayor’s Luncheon: Wednesday, February 26 Bulletin. ~ 2014 Vaughan Chamber of Commerce Business Achievement Awards: Thursday, April 3 5^a\^aTX]U^a\PcX^])C ( $ &% "%%4 X]U^/ePdVWP]RWP\QTa RP www.vaughanchamber.ca FEDDEV ONTARIO ADVANCED ART MENTORSHIP PROJECT MANUFACTURING FUND CALL FOR APPLICATIONS The Economic Action Plan 2013 provides 3403;8=4)<0A27 $! # $200 million over five years for the Advanced The McMichael Canadian Art Collection and the Is your brandn Manufacturing Fund in Ontario, to be delivered York Region Arts Council (YRAC) announced the province-wide by FedDev Ontario. The fund will second annual Art Mentorship Project in support telling your story? promote continued growth of Ontario’s advanced of emerging local artists. 12TH ANNUAL VAUGHAN manufacturing sector by supporting large-scale, transformative manufacturing activities. The Art Mentorship Project is designed to offer BUSINESS-TO-BUSINESS EXPO: professional development to emerging local FEBRUARY 12, 2014 Advanced manufacturing includes the artists who have been practicing or exhibiting The 2014 Vaughan Business-to-Business STeT[^_\T]cP]S ^aPS^_cX^]^URdccX]V TSVT their work for less than three years, allowing Expo will take place on February 12, 2014 technologies that demonstrate a commitment to them to fine tune their skills through technical at the Terrace Banquet Centre, located at product, process, and technological innovation. assistance, theoretical discussions, critiques, %' 2aTSXcbc^]TA^PSX]EPdVWP] There are two types of eligible applicants: and exhibition preparation over a four-month period. The mentor and apprentice meet at This year’s Business Expo will provide hands-on Established for-profit businesses located in the McMichael over three two-day sessions assistance to businesses on building a brand Ontario that are incorporated in Canada. and collaborate on a piece or body of work that cuts through the clutter and clamor of Eligible manufacturing firms are: that will be displayed at the gallery from January today’s marketplace. Whether it’s building a ~ D]STacPZX]V\P]dUPRcdaX]VPRcXeXcXTb c^