The Great Mosaic: Reviving Ontario's Regional Economies
The Great Mosaic: Reviving Ontario’s Regional Economies examines the opportunities and challenges faced by different communities across the province and offers a framework for thinking about the present and future of Ontario’s regional economies. Read the release.
Click to tweet: The latest @OntarioCofC report outlines how government of all levels can work with industry to unleash the potential of Ontario’s regional economies and build a #StrongerOntario. Read the report: http://bit.ly/2kGlc2r. #onpoli
The Great Mosaic mini-series: Alongside the latest report, the OCC hosted three events in Sudbury, Peterborough and Hamilton, bringing together private and public sector stakeholders to discuss how government can build upon regional economic development policy and strengthen the long-term capacity for innovation across the Province.
Read the Regional Economic Development Report
The OCC’s report, The Great Mosaic: Reviving Ontario’s Regional Economies, outlines how government of all levels can work with industry to unleash the potential of Ontario’s regional economies and reinforce the competitiveness of the province as a whole.
Read the Report Recommendations
The OCC’s report makes 17 recommendations to strengthen the well-being of Ontario’s regions. Key takeaways include:
- The most cost-effective way to drive economic development is to cultivate talent, trade, and infrastructure. Governments should make it a priority to upgrade transportation and energy networks, modernize their regulations and business supports, offer dynamic education and training opportunities, and encourage labour mobility.
- Building regional capacity for innovation is fundamental to productivity and growth. This means improving commercialization and technology adoption, strengthening regional innovation centres, expanding broadband internet access, and facilitating cluster development.
- Modern governance of economic development should empower a wide range of stakeholders including businesses, post-secondary institutions, and not-for-profit organizations outside government. Regional collaboration, economic reconciliation with Indigenous peoples, and the use of data are all critical to mobilizing local assets.