Economic development services business development and retention
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Economic Development Services - Business Development and Retention. Presentation to CCIM. Presentation Overview. Investments, Employment & Taxes New Official Plan New Zoning By-Law New Development Guideline New Signature Sites New Tax Grant Program No Development Charges

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Economic Development Services - Business Development and Retention

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Economic development services business development and retention

Economic Development Services - Business Development and Retention

Presentation to CCIM


Presentation overview

Presentation Overview

  • Investments, Employment & Taxes

  • New Official Plan

  • New Zoning By-Law

  • New Development Guideline

  • New Signature Sites

  • New Tax Grant Program

  • No Development Charges

  • No Parkland Dedication Fees


Key investments in west toronto

Key Investments in West Toronto


City of toronto employment 1996 2001

City of Toronto Employment 1996-2001

Source: City of Toronto Employment Survey


Economic development services business development and retention

Tax Rates Going Down

Taxes on Industrial Properties are down. . .

25% in the past 5 years!


New official plan

New Official Plan

  • New Official Plan

  • Passed by Council in Nov. 2002

  • Not yet in effect

  • 163 Appeals to OMB

  • Urban Structure Map

  • Land Use Map


New official plan urban structure

New Official Plan – Urban Structure


New official plan land use plan

New Official Plan – Land Use Plan


New zoning by law

New Zoning By-Law

  • Consolidation of 41 zoning by-laws into 1 for the City

  • 4 phase development over 4 years

  • Over 1,500 definitions

  • Hundreds of zoning provisions

  • Consolidated parking, setback and other standards


A new development guide

A New Development Guide


New development guideline

New Development Guideline

  • A Guidebook on the development process in the City

  • Types of applications

  • Application requirements

  • Other requirements


Signature site map w 12

Signature Site Map W-12


Signature site w 12

Signature Site W-12

  • Location: 260 Eighth St

  • Closest Major Intersection: Islington Ave & New Toronto St

  • Side of Street: w/sCity Ward: 6

  • Assessment Roll Number: 1919052490034000000

  • Available Site Area (Acres): 38.80Total Site Area (Acres): 38.80

  • Frontage (ft.): 1164

  • Official Plan*: Employment AreaZoning*: I.C2

  • Owner’s Represtative: Jeff SteinerTelephone: # 416-214-4641Email:[email protected]

  • Owner’s Represtative: Brian AtheyTelephone: # 416-981-2896Email:[email protected]

  • Company: TEDCO

  • Comments: Great opportunity for employment uses. Large vacant site in South Etobicoke. Excellent labour force availability with premium access to Gardiner/QEW and all major road corridors in the GTA. A benefit of this site is a Financial Incentive Program offered by the City of Toronto. Contact Judy Dunstan at 416-981-2884 for more information.

  • Economic Development Division Contact: Judy DunstanTelephone # 416-981-2884

  • Email:[email protected]

  • *Note: Official Plan and Zoning excludes numbered policies and exceptions and is for general information only.


New toronto tiff area

New Toronto TIFF Area


New tax grant program

New Tax Grant Program

  • Pilot Project in New Toronto area of South Etobicoke

  • Tax Increment Financing

  • Occurs over 10 – 12 years

  • Rebates 100% of new municipal tax in first year and rebate declines 10% per year until 10 year

  • Brownfield Remediation could add 2 additional years of 100% rebate


Tax increment financing grants

Tax Increment Financing Grants


No development charges

No Development Charges

  • No municipal development charges

  • No regional development charges

  • No TDSB development charges

  • Minor Catholic School Boards charges of 23c


No parkland dedications fees

No Parkland Dedications Fees

  • No Parkland Dedication Fees for non-residential development


What you should know

What you should know

  • Our key selling points

    • TTC

    • High labour quality and availability

    • Taxes are coming down

    • NO City Development Charges

    • NO Park contribution on non-residential

    • Wide selection of vacant and improved properties


Connecting with you

Connecting with You

  • Talk to Toronto West EcDev Office - we have knowledge and information that can help you

  • Get us involved early in your project

  • We keep confidential matters confidential

  • No charge for our services!


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