Markham 2020: Success By Design Focus on Priority Sectors - - PowerPoint PPT Presentation

Building Markham’s Future Together Journey to Excellence

Presentation to Development Services Committee October 5, 2015

Markham 2020: Success By Design

Focus on Priority Sectors

Contents

1. Context - Markham 2020

• 2. Priority Sectors

3. Sector Performance, 2007-2014

• 4. Analysis and Reflection

Context

Markham 2020 Context

• 10 year Economic Strategy adopted by Council in 2008
• A successful blueprint for guiding the City’s Economic

Development Program

• Identified 4 priority sectors for growth

Priority Sectors

Priority Sectors were determined through an Economic Sectors Analysis and are as follows:

• Convergence of ICT and Life Sciences
• Financial Services
• Professional, Scientific and Technical Services
• Information, Culture and Entertainment

Life S ciences Information and Communications Technologies P rofes s ional S cientific Technical Financial S ervices Cleantech Convergence

Sector Performance: Changes in Employment

2007 # Businesses % Total 2014 # Businesses % Total ICT 828 10% 871 9% Pro Sci Tech 1,037 13% 1,252 13% Finance/Insurance 284 3% 445 5% Life Sciences 132 2% 179 2% Total # Businesses 8,300 100% 9,720 100%

Markham Seeing Growth Across all Priority Sectors

Source: York Region Employment Survey

Markham’s Employment Base Diversifying

Source: York Region Employment Survey

Broad Range of Manufacturing Employment Subsectors

Source: York Region Employment Survey

Manufacturers Concentrated along 404/7/407 Corridors

York Region Employment Survey data mapped by Markham Planning and Urban Design

Labour Force Distribution

Majority of Priority Sector Employees live within 20 km Radius of Work

Source: York Region Planning & Economic Development

Source: York Region Planning & Economic Development

Source: York Region Planning & Economic Development

Majority of Priority Sector Employees live within 20 km Radius of Work

Source: York Region Planning & Economic Development

Source: York Region Planning & Economic Development

Majority of Priority Sector Employees live within 20 km Radius of Work

Employment Distribution: Convergence Sector

Convergence Employment Concentrated along 404/7/407 Corridors

York Region Employment Survey data mapped by Markham Planning and Urban Design

York Region Employment Survey data mapped by Markham Planning and Urban Design

Convergence Employment Concentrated along 404/7/407 Corridors

York Region Employment Survey data mapped by Markham Planning and Urban Design

ICT Employment Concentrated along 404/7/407 Corridors and Increasing in East Markham

York Region Employment Survey data mapped by Markham Planning and Urban Design

ICT Employment Concentrated along 404/7/407 Corridors and Increasing in East Markham

Life Sciences Employment Concentrated along 404/7/407 Corridors

York Region Employment Survey data mapped by Markham Planning and Urban Design

York Region Employment Survey data mapped by Markham Planning and Urban Design

Life Science Employment Concentrated along 404/7/407 Corridors and Increasing in East Markham

Employment Distribution: Professional, Scientific and Technical Services

York Region Employment Survey data mapped by Markham Planning and Urban Design

Professional, Scientific, Technical Employment Concentrated along 404/7/407 Corridors

Professional, Scientific, Technical Employment Concentrated along 404/7/407 Corridors and Increasing in East Markham

York Region Employment Survey data mapped by Markham Planning and Urban Design

Employment Distribution: Financial Services

York Region Employment Survey data mapped by Markham Planning and Urban Design

Financial Services Employment Concentrated along 404/7/407 Corridors

York Region Employment Survey data mapped by Markham Planning and Urban Design

Financial Services Employment Mainly Concentrated along 404/7/407 Corridors, Increase in East Markham

Analysis and Reflection

SWOT (2008)

Strengths

• Significant growth
• Skilled, highly educated workforce

employed in knowledge-based industries

• Diverse and multilingual
• Low taxes
• Positive perception of City among

business community

• Friendly and inviting to newcomers
• Strategic collaborations

Weaknesses

• Lack of affordable housing
• Reduction in manufacturing perhaps

due to lack of suitable, serviced employment land and increasing

• perating costs
• absence of university,

commercialization hub Opportunities

• Increase diversity of housing stock to

attract and retain wider range of workers

• Growth of key sectors

Threats

• Lack of available land for

development

• Lack of accessible, regionally

and locally connected public transportation

SWOT 2015

Strengths

• Significant growth
• Skilled, highly educated workforce employed in

knowledge-based industries

• Diverse and multilingual
• Positive perception of City
• Friendly and inviting to newcomers
• Low taxes
• More strategic collaborations

ie.ventureLAB, ethnic chambers

• Markham Convergence Centre

Weaknesses

• Lack of affordable housing
• Sustainability of Manufacturing
• Ability to attract Millennial workforce

Opportunities

• York University Campus
• Construction of apartments and

townhomes and emphasis on mixed use neighbourhoods such as Markham Centre, proposed Buttonville airport redevelopment

• Recent investments in transportation

i.e.. VIVA dedicated bus lanes

• Growth of key sectors

Threats

• Employment land conversions
• Lack of high speed regional public

transportation

• Employment concentration strongest in 404/7/407

corridors- opportunity to brand as a business hub

• Transportation infrastructure and amenities are important to

retaining and attracting business and employment

• Constrained supply of prime employment lands, suggesting

need to protect against future employment land conversions

Analysis and Reflection

Analysis and Reflection

• York University campus in Markham –

a catalyst for innovation through strategic partnerships with companies in the region

• York’s impact as a hub for developing and attracting

young talent, creativity and innovation will be amplified by its location - a compact, mixed use, vibrant, diverse, and culturally rich neighbourhood

Analysis and Reflection

• Employment strong across all priority sectors
• Innovative and globally connected companies
• Markham maintains “High Tech Capital” status

Markham is still Canada’s High Tech Capital

Markham is still Canada’s High Tech Capital

Analysis and Reflection

• Key ICT distinction: Enterprise Solutions (rather than

consumer products, mobile apps, etc.)

• Continued focus on knowledge-based industries
• Advanced Manufacturing remains resilient
• Powered by ICT, with increasingly diverse employment base

• ICT is transforming traditional industries

Analysis and Reflection

ICT

Life Sciences Financial Services Transport/ Logistics Environmental Creative

Digital Health/ Medtech Fintech Cleantech New Media/ Gaming

Integrated and Intelligent Transport Systems