GO Train Lakeshore East Extension through Central Oshawa to Bowmanville Economic Impact Analysis April 2016 GO Train Lakeshore East Extension through Central Oshawa to Bowmanville Economic Impact Analysis Prepared for: dLAB, City of Oshawa, Municipality of Clarington and Community Partners Prepared by: Arup Suite 2400, 2 Bloor Street East, Toronto Ontario M4W 1A8 Phone: (416) 515-0915
[email protected] arup.com & Altus Group Economic Consulting 33 Yonge Street Toronto Ontario M5E 1G4 Phone: (416) 641-9500 Fax: (416) 641-9501
[email protected] altusgroup.com April 2016 April 2016 TABLE OF CONTENTS Page 1 INTRODUCTION ...................................................................................... 3 1.1 Background ..............................................................................3 1.2 Approach .................................................................................6 2 ECONOMIC OVERVIEW ....................................................................... 10 2.1 Employment Growth ...........................................................11 2.2 Population Growth ...............................................................17 2.3 Conclusions ...........................................................................24 3 COMMUNITY ECONOMIC IMPACT OF GO LAKESHORE EAST EXTENSION .............................................................................................. 26 3.1 Improved Access to Labour, Markets and Clients ...........26 3.2 Benefits to Post Secondary Institutions .............................28