Building Markham’s Future Together Journey to Excellence Markham 2020: Success By Design Focus on Priority Sectors Presentation to Development Services Committee October 5, 2015
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
P rofes s ional Information and Communications Financial Life S ciences Convergence S cientific Technologies S ervices Technical Cleantech
Sector Performance: Changes in Employment
Markham Seeing Growth Across all Priority Sectors 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% 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
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 Source: York Region Planning & Economic Development Source: York Region Planning & Economic Development
Employment Distribution: Convergence Sector
Convergence Employment Concentrated along 404/7/407 Corridors 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 York Region Employment Survey data mapped by Markham Planning and Urban Design
Life Sciences Employment Concentrated along 404/7/407 Corridors 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 York Region Employment Survey data mapped by Markham Planning and Urban Design
Employment Distribution: Professional, Scientific and Technical Services
Professional, Scientific, Technical Employment Concentrated along 404/7/407 Corridors York Region Employment Survey data mapped by Markham Planning and Urban Design
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
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 York Region Employment Survey data mapped by Markham Planning and Urban Design
Analysis and Reflection
SWOT (2008) Strengths Weaknesses - Significant growth - Lack of affordable housing - Skilled, highly educated workforce employed in knowledge-based industries - Reduction in manufacturing perhaps due to lack of suitable, serviced - Diverse and multilingual employment land and increasing - Low taxes operating costs - Positive perception of City among -absence of university, business community commercialization hub - Friendly and inviting to newcomers - Strategic collaborations Threats Opportunities - Lack of available land for development - Increase diversity of housing stock to - Lack of accessible, regionally attract and retain wider range of and locally connected public workers transportation - Growth of key sectors
SWOT 2015 Strengths - Significant growth Weaknesses - Skilled, highly educated workforce employed in knowledge-based industries - Diverse and multilingual - Lack of affordable housing - Positive perception of City - Sustainability of Manufacturing - Friendly and inviting to newcomers - Ability to attract Millennial workforce - Low taxes - More strategic collaborations ie.ventureLAB, ethnic chambers - Markham Convergence Centre Opportunities Threats - York University Campus - Construction of apartments and - Employment land conversions townhomes and emphasis on mixed use - Lack of high speed regional public neighbourhoods such as Markham Centre, transportation proposed Buttonville airport redevelopment - Recent investments in transportation i.e.. VIVA dedicated bus lanes - Growth of key sectors
Analysis and Reflection • 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 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
Analysis and Reflection • ICT is transforming traditional industries Digital Health/ Medtech New Media/ Gaming Life Sciences Financial Creative Services Fintech ICT Cleantech Integrated and Intelligent Transport/ Environmental Transport Systems Logistics
Recommend
More recommend
