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

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

  • No Parkland Dedication Fees


Key Investments in West Toronto


City of Toronto Employment 1996-2001

Source: City of Toronto Employment Survey


Tax Rates Going Down

Taxes on Industrial Properties are down. . .

25% in the past 5 years!


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 – Land Use Plan


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


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 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 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


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 Dedication Fees for non-residential development


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

  • 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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