Markham’s 2020 Economic Strategy in action

Markham’s unique successes in luring global investment, high profile businesses and academic institutions and creating 22,000 jobs over the last seven years may seem to be an incredible run of good luck. But like most successes, some planning went into the effort.

Initiated in 2008, the Markham 2020 strategy document still guides Town choices on key economic issues but is being built out further. The document, praised by famed urban development expert Richard Florida focuses on keeping taxes low, and building key infrastructures that make living in the City desirable.

“Markham 2020, the city’s economic strategy initiated in 2008, has been successful in attracting investment in the key emerging global business sectors of financial services, life sciences, and information and communication technology,” said Mayor Frank Scarpitti. “And while this has led to significant economic growth in Markham, including helping to attract the new York University campus, our economic strategy and vision must be updated to ensure we create more economic prosperity for our future generations.”

With that in mind, Scarpitti will be joined on April 6 at the Flato Markham Theatre at 6 pm by the Presidents of York University and Seneca College, senior economists from TD and Scotia banks and other business leaders to discuss Markham 2020: What’s NXT?

The forum will discuss ideas that will help sustain Markham’s enviable growth record and forge a plan that will complement the original 2020 document and continue to seek ways to heighten Markham’s global competitiveness and continue to attract innovative business investment in key sectors. It also promises to reveal details of the new York University campus plans that will, over the next few years, take shape in the area east of Kennedy and Hwy 407.

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