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October 5, 1998
Lastman to world: Toronto is open for business
Toronto Mayor Mel Lastman today embarked on a three country, five-city Toronto
business and trade development mission. Mayor Lastman will be travelling to Los
Angeles, Silicon Valley, Mexico City, Beijing and Hong Kong.

"I plan to bring Toronto to the world and the world to Toronto," said Mayor
Lastman. "Toronto is open for business and I want the world to know that the
place to expand is right hear in the heart of Ontario."

While in Los Angeles the Mayor will be discussing the benefits of expanding in
Toronto to film and television executives as well as the Beverly Hills Chamber
of Commerce. The film industry generates $700 million dollars annually in
Toronto and employs 28,000 people. The Mayor will also be meeting with Los
Angeles Mayor Richard Riordan and attending a reception hosted by Consul
General the Rt. Hon. Kim Campbell.

In Silicon Valley Mayor Lastman will meet with executives from the information
and technology sector. Toronto is the IT capital of Canada with more than 5,000
IT companies in the Toronto area generating $30 billion dollars a year in

"Toronto is the greatest city in the world to work, live and play and we need
to get that story out there," said Lastman. "Our low dollar, fantastic city
infrastructure and a city hall eliminating red tape makes Toronto the best and
cheapest place to do business in the world!"

Mexico City will see the Mayor meet informally with more than twenty
International Olympic Committee delegates at the Pan America Sports
Organization conference to discuss Toronto's 2008 Olympic bid.

The Asian leg of the business and trade development mission will have the Mayor
meeting with various government and private sector contacts in both Mainland
China and Hong Kong. The Mayor's visit to Asia is at the request of the Hong
Kong business and trade association and the Chinese government with those
respective organizations picking up the costs of the visit.

Media Contact
Jim Warren
Office of the Mayor
(416) 395-6482



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