Toronto as a Global City: Scorecard on Prosperity
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On April 7, the Toronto Board of Trade released Toronto
as a Global City: Scorecard on Prosperity, a landmark
report that measures—for the first time—the performance of
the Toronto region against 20 other great global cities. This
breakthrough study measures Toronto and its urban counterparts worldwide
on 25 different economic and labour attractiveness indicators. It also
includes the first-ever analysis of the city of Toronto’s
performance relative to surrounding municipalities.
The Board commissioned the Conference Board of Canada, a recognized
leader in benchmarking research, to undertake this study. The purpose of
the Scorecard on Prosperity is to take a reliable measure of
Toronto’s place in the world, not only by measuring
performance today but also by tracking the city's progress over time.
The Scorecard highlights the areas in which Toronto excels, and
where we have lagged behind.
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The results reveal:
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The Toronto region has performed well in the last few years but has
not made the most of prosperous times
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Among all the urban centres evaluated, the Toronto region tied
for fourth, earning an overall “C” grade alongside London,
New York and Boston
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The Toronto region performs well on labour attractiveness but
poorly on the economic indicators
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Compared to surrounding municipalities, the city centre remains the
more attractive place to live, but its economic number fall
behind
The report will be published annually, so that we can continue to
track the city’s progress. It will also form the basis of a
“Report of Recommendations” to be released later this year.
The Board will use the Scorecard on Prosperity as the
springboard for new, targeted policy initiatives aimed at elevating the
Toronto region as a leading global city.
Learn more about this breakthrough study:
Download your own copy of the Scorecard on
Prosperity now.
View the presentation delivered at our official
Scorecard launch on April 7, 2009.
Read the remarks delivered by Board of Trade President
and CEO Carol Wilding at the Scorecard launch.
The Toronto Board of Trade is committed to advancing the success of
our members and the entire Toronto region by facilitating opportunities
for knowledge sharing, networking, business development and city
building. The measurements provided by the
Scorecard enables the Board to formulate
targeted policy recommendations that fuel the economic, social and
cultural vitality of our city and the entire Toronto region.
We want to hear from you! Let us know your thoughts on Toronto as
a Global City: Scorecard on Prosperity. Email your comments to: haveyoursay@bot.com.
