Photo credit: Milton Canadian Champion ANNUAL REPORT 2016 TABLE OF CONTENTS This is Milton . 4 Milton Education Village . 6 MEV Innovation Centre . 8 Development Activity . 12 Business in Milton . 16 Future Growth . 18 Strategic Partnerships . 22 2 MILTON Photo credit: Vlad Romanescu “As one of the fastest-growing communities in MESSAGE FROM Canada, I am proud to say the Town continues to THE MAYOR maintain a balanced approach to growth ”. 2016 was an exciting year for economic development in The Town’s Strategic Action Plan, Destiny Milton 3, identifies Milton with the announcement of the Province’s investment job creation, diversification and partnership development in a post-secondary site in our community . The site will as key to building a healthy economy . In 2016, Milton make the vision of the Milton Education Village (MEV) a experienced job growth, low unemployment, and very high reality, bringing access to higher learning, knowledge- demand for investment opportunities; a clear indication of based employment, and opportunities for innovative the strength of our local economy . partnerships to Milton . As a longstanding member of the Milton Economic As one of the fastest-growing communities in Canada, Development Advisory Committee (MEDAC), I invite you I am proud to say that the Town continues to maintain to explore the 2016 Annual Report to learn more about a balanced approach to growth . Our open for business Milton’s economic development and future plans for attitude has resulted in over 475,000 square-feet of new growth . non-residential development . Our low tax rates, employment-ready lands, and business- Following a record-breaking year of non-residential friendly attitutude, have made Milton the success it is today . approvals in 2015, a total of 2 3. million square-feet of I look forward to continuing to work in partnership with new industrial-commercial product was built in 2016 . As MEDAC, the business community, and our postsecondary a result, we welcomed several new companies to the 401 partners, in support of Milton’s thriving economy . Business Park . Our population expansion has resulted in the growth of a young, highly educated workforce, and a community of entrepreneurs . The MEV Innovation Centre is home to 10 technology-intensive companies, and that number G .A . Krantz, Mayor continues to grow . Canada’s #2 Most Lucrative #3 Best Place to Invest # Place for Business 2016 # in Canada Canadian Business Magazine Canadian Property Investor 2 and PROFITguide.com 3 Magazine Mayor Gordon Krantz ANNUAL REPORT 2016 3 THIS IS MILTON YOUNG, EDUCATED & GROWING KEY INDICATORS #1 in Ontario #5 in Ontario #9 in Ontario 34.1 73% $106,743 The median age of Milton’s population – of residents aged 25-64 have the median household income – access to a youthful workforce! post-secondary education. a growth of 9% since 2005. 2011 2016 2031 Statistics 84K 110K 235K Milton continues to be one of Canada’s fastest-growing communities Over two hundred and thirty-five thousand—Milton’s projected population by the year 2031... Canada 2016 235k+ and the number of reasons why you should take a second look. Census Data Young, Educated & Growing Highly Skilled Workforce Milton continues to be one of the fastest-growing Milton’s population growth has boosted the community’s lists Milton’s communities in Canada with Statistics Canada 2016 highly skilled workforce . In 2021 Milton’s workforce Census Data listing the population at 110,128, a 30 5%. is expected to total 51,887 people, with that number increase since 2011 . The Town’s population will continue anticipated to more than double in 2031, totaling 114,000 . to grow over the next 15 years, with projections that the population The average age of Milton’s workforce is 38, with educational population will reach 145,000 by 2021, and will more than training in areas of specialization that are vital to the growth double by 2031, totaling 225,000 people . of Milton’s knowledge-based economy . at 110,128; In an era that promotes work-life balance, Milton’s high quality of life, and incredible amenities continue to Milton Workforce Top 3 Areas of attract a demographic of young, diverse, highly educated Specialization a 30.5% individuals . 1 . Business, management, and public administration Milton is the only community in Ontario to rank within the 2 . Architecture, engineering, and related technologies increase since top ten in age, education levels, income, and population 3. Health, parks, recreation, and fitness growth . With an average age of 34 and 73% of residents Source: Town of Milton Community Profile having completed postsecondary education, Milton’s pool 2011. of highly skilled workers is one that makes it an attractive community for business investment . 4 MILTON 401 EAST THIS IS MILTON 400 Brampton 410 427 Toronto Guelph GO 60mins 40mins 30mins 20mins MILTON Mississauga 401 Oakville Kitchener- Hamilton 401 WEST TO WINDSOR/U.S. BORDER Waterloo QEW 403 QEW SOUTH TO NIAGARA FALLS/U.S. BORDER Central To Your Success Centrally located within one of the most sophisticated transportation corridors in the world, Milton provides companies with immediate access to 400-series highways, Brampton 400 410 and proximity to ports, air and rail transportation links, as 427 Toronto Kitchener- Guelph well as the Canada-U S. border . Waterloo GO Mississauga To continue to support interconnectivity between Milton 401 MILTON and the Greater Toronto Area, work in 2016 continued to: Oakville Cambridge Hamilton • Enhance the 401 interchange at Highway 25 QEW 403 • Realign Tremaine Road in preparation for the new St. Catharines Brantford Tremaine 401 interchange, to be completed by 2021 Niagara Falls Ontario’s Innovation Corridor Milton is located in the nucleus of the Toronto-Waterloo Region Innovation Corridor, a global centre of talent, THE CORRIDOR TODAY growth, technology and discovery . Rivaling the best in the + world, this 100 km stretch is the second-largest technology 4 15,000 250,000 cluster in North America . Urban High-Tech Tech Clusters Companies Workers Source: The Corridor: Toronto-Waterloo Region ANNUAL REPORT 2016 5 MILTON EDUCATION VILLAGE One of the fastest- growing communities in Canada, Milton’s Photo credit: Milton Canadian Champion Photo: Deputy Premier Deb Matthews, Milton Mayor Gord Krantz, Halton MPP Indira Naidoo-Harris population growth & Town of Milton Celebrates Post-Secondary Campus Announcement On October 26, 2016, the Town of Milton was joined by the The Province launched a request for expressions of interest Honourable Deb Matthews, Deputy Premier and Minister of in January 2017, and Ontario universities were encouraged central location within Advanced Education and Skills Development to announce to work in partnership with the community, businesses and the province’s plans to create a new university-led post- other institutions to develop innovative proposals for the secondary site in Milton focused on science, technology, site . Ontario’s Innovation engineering, arts and mathematics (STEAM) . Wilfrid Laurier University in partnership with Conestoga “I am delighted to hear the government’s commitment College has received approval to move to the second phase Corridor, make to bring post-secondary education to Milton and Halton in the Request for Expressions of Interest process . The Region,” said Milton Mayor Gord Krantz .“This is a welcome Province is anticipated to announce funding allocation in next step in the process of making the Milton Education Fall 2017 . it an ideal location Village a reality for our community ”. The Town of Milton and Halton Region will continue to Ontario will invest $180 million in post-secondary sites support Laurier through the process . In December 2016, for post-secondary in Milton and Brampton through its second phase of Milton Council and Town staff formally reiterated the major post-secondary infrastructure expansion . One of previous endorsement of a Laurier submission through an the fastest-growing communities in Canada, Milton’s extension of the Memorandum of Understanding, which investment . population growth and central location within Ontario’s has been in place since 2008 . Innovation Corridor, make it an ideal location for post- secondary investment . 6 MILTON MILTON EDUCATION VILLAGE Our vision to bring a university campus to Milton is an investment Photo: Mattamy National Cycling Centre, Milton’s world-class cycling venue Milton Education Village Laurier in Milton in the talent and The Town of Milton is actively engaged in a strategic The Town of Milton continues to work with Laurier on two project called the Milton Education Village (MEV), key initiatives to establish a presence in the community: a comprehensively planned, 400-acre integrated skills of residents • Laurier Milton Lecture Series: Presented in partnership neighborhood located adjacent to the Niagara Escarpment . between the Town of Milton, Milton Public Library, and The vision for the MEV includes integrated transit, student Wilfrid Laurier University, the Laurier Milton Lecture housing, as well as residential, commercial and retail that will translate Series provides an opportunity for Laurier to engage development . in a public dialogue with citizens of Milton on a broad The Milton Education Village was established with the goal array of topics . This free lecture series runs October to into knowledge- to bring a university campus to Milton; an investment in May, and has been presented annually since 2009 . the talent and skills of current and future Milton residents • MEV Innovation Centre: An initiative ecosystem that will translate into knowledge-based employment based employment dedicated to enabling an entrepreneurial culture for opportunities and job growth . The campus will ultimately innovation, business growth and start-ups through occupy 150-acre site within the MEV that is next to the collaborative space, acceleration/incubation, business Mattamy National Cycling Centre, allowing synergies opportunities and services, and education and training . between the campus and the multi-purpose facility . The Town of Milton and Halton Region continue to move job growth .