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October 1, 2001
City of Toronto wins major international economic development award
Toronto's Economic Development division has been honoured with a prestigious
international award for its work on Toronto's Economic Development Strategy.

The International Economic Development Council has selected the City as this
year's winner of the Award for Leadership and Excellence for cities with more
than 200,000 people. The purpose of the award is to recognize best practices
and innovative programs in economic development. Toronto bested 400 other
nominations to win this year's award.

"It's quite an honour to be the first Canadian city to be recognized by the
world's leading association of economic and community development
professionals," said Brenda Librecz, Toronto's Managing Director of Economic

Council adopted the Economic Development Strategy in August of 2000 as a
framework for improving Toronto's ability to attract high-quality jobs and new
sources of revenue for City services. The strategy emphasizes the importance of
Toronto's global competitiveness for Ontario and Canada.

"Toronto is very well positioned for future economic development but there is
an urgent need for everyone to work together to sustain Toronto's
competitiveness," said Councillor Michael Feldman, Chair of City Council's
Economic Development, Culture and Parks Committee. "The strategy lays out an
approach for pooling the collective know-how and resources of all levels of
government, the private sector, labour, academic institutions and volunteers."

To further implement the Economic Development Strategy, staff are currently
developing details for a Toronto First Partnership in which business and
community leaders would join the Mayor to act on a common vision for the City's
economic growth.

The Economic Development Strategy is one of a series of strategic policy
documents being prepared as part of City Council's Corporate Strategic Plan to
guide decision making at the City. The other strategies include the
Environmental Plan, the Cultural Plan, the Official Plan and the Social
Development Strategy.

For more information about the Economic Development Strategy, use this Web
link: ][.

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