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November 23, 2001
Media Advisory: Toronto Business Recognition Reception
  
Mayor Mel Lastman and members of Toronto City Council will host the Toronto
Business Recognition Reception on Tuesday, November 27 from 6 to 9 p.m. at
Steam Whistle Brewing, located at the John Street Roundhouse, 255 Bremner Blvd.

The reception is an annual event honouring companies that have grown their
businesses in Toronto or moved to the city during the past year. It is
organized by the City's Economic Development Division as a way to say "thank
you" for the contributions businesses make to Toronto.

The hour from 6 to 7 p.m. has been set aside for informal conversation. At 7
p.m., the mayor will begin the proceedings by thanking those in attendance for
their commitment to the City of Toronto. The mayor will be followed by the
keynote speaker, Patrick Sullivan, president of Toronto.com, who will outline
the innovative marketing campaign, "How do you make Toronto better?"

This year's event caps off an extremely active year by the City's economic
development staff. Here are some of the highlights:

- In 2001, staff reached out to provide advice and support to 2,000 existing
businesses for their expansions and relocations within Toronto, resulting in
the creation and retention of 4,000 jobs.

- As well, 870,000 square feet of new industrial and commercial construction
was completed with the help of staff, generating a minimum of $1.4 million in
new municipal tax revenue.

- Staff helped Toronto attract five investment projects totaling more than
$17.2 million in new investment, which added 1,163 jobs and increased the
city's GDP by $67.5 million.

- The Toronto Export Development Program helped 427 small businesses increase
their exports during its first two years of operation, resulting in 217 new
jobs and generating $26 million in export sales.

- As of August 2001, The Toronto Film and Television Office handled 605 new
projects and co-ordinated 2,393 location filming permits. The production budget
spent in Toronto was $512 million.

- Enterprise Toronto helped 2,400 new businesses start up, and responded to
4,000 inquiries about how to start a business.


Media Contact
Access Toronto
416-338-0338

 

 

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