Media Advisory - Time for regional team effort on GTA investment and jobs: Report to be released calling for more regional action

TORONTO, Feb. 6, 2014 /CNW/ - Co-chairs of the Greater Toronto Marketing Alliance (GTMA), Mayor Dave Ryan, City of Pickering, and John Tory, Chair, CivicAction, call for business and all levels of government to embark on a properly funded regional team effort to pursue and attract potential investment and jobs to the Greater Toronto Area (GTA).

On February 10, the co-chairs will release the first-ever report on the state of foreign direct investment attraction and cooperation in the GTA, "Roadmap to Revitalization." The report was commissioned by the GTMA board. It was developed in conjunction with PwC, with the support of an advisory group of thought leaders from business, government and academia, and under the auspices of CivicAction.

The "Roadmap to Revitalization" report examines why foreign direct investment is important for the GTA's economy and how we compare to regions like Greater London (U.K.) and the Greater Montreal Area. The report finds the GTA is significantly underperforming relative to its potential, suggests practical solutions, and provides a blueprint for action, including increased financial commitment from business and all levels of government.

WHAT:	Roadmap to Revitalization
WHEN:	Monday, February 10, 10:00 a.m., Remarks at 10:15
WHERE:	Media Studio, Queen's Park, Toronto
WHO:	John Tory, Co-Chair, Greater Toronto Marketing Alliance (and Chair, CivicAction)
	His Worship Dave Ryan, Co-Chair, Greater Toronto Marketing Alliance (and Mayor, City of Pickering)
	PwC will be on hand to respond to technical questions following the event.

About the Greater Toronto Marketing Alliance (GTMA)

The GTMA is a public-private partnership of the 29 municipalities and regions in the GTA, together with the Provincial and Federal governments, other non-profit organizations and a broad cross section of private sector corporations.

The Greater Toronto Marketing Alliance (GTMA) is the key point of contact for exploring business opportunities in the GTA.  With the resources of its public and private sector partners, the GTMA provides essential business information and site selection services to facilitate new foreign investment in the Greater Toronto Area. For more information, visit http://www.greatertoronto.org/.

About CivicAction

For the past 10 years, the Greater Toronto CivicAction Alliance (CivicAction) has brought together senior executives and rising leaders from all sectors to tackle some of our region's toughest social, economic and environmental challenges. For more information, visit: www.civicaction.ca.

SOURCE: CivicAction

To arrange a media interview or for additional information, please contact: Cindy Tan, 416-937-3958, [email protected]; Kiran Chauhan, 416-947-8983, [email protected]; Tony Romano, 416-360-5758, [email protected]