Vaughan Economic Monitor  
Issue #1 - September 2018  

Introducing the Vaughan Economic Monitor
 
Welcome to the first issue of the Vaughan Economic Monitor. It is a new resource from the Vaughan Economic and Cultural Development Department that will share hard-hitting facts, figures and news related to economic, market and business activities here in Vaughan. New issues are delivered bi-monthly.

In This Issue
Vaughan Economic and Market Data
The Vaughan Advantage - Fast Facts, 2018 and Vaughan by the Numbers Vaughan by the numbers infographic
Every year the City of Vaughan's Economic and Cultural Development department puts together economic and market data covering information on building permits and development charge values, employment, demographics and population, development opportunities, and more. The information is put together to make both the infographic Vaughan by the Numbers, as well as Vaughan Advantage Fast Facts, which can be found on our website.
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Non-Residential Building Permits Topped $279 Million in First Half of 2018
Statistics Canada ranked Vaughan 9th in the country in value of non-residential permits, and 13th overall. During the first half of 2018, the City of Vaughan issued more than $279 million in non-residential permits accounting for 56 percent of all permits. Total building permits issued topped $495.8 million.   
Promenade Mall Redevelopment Plans Submitted
Liberty Development has submitted the first phase of a redevelopment plan for Promenade Mall, located on Bathurst Street. The proposed redevelopment includes expansion and modernization of the mall, three residential apartment towers, a 28-storey, mixed-use building containing offices and a hotel. 
 
Highway 427 Expansion - Update
Huntington Road closure
Improving transportation at the City of Vaughan is a major priority. As part of the Highway 427 Expansion Project, the intersection of Major Mackenzie Drive and Huntington Road was permanently closed on June 30. Alternate routes are available between Highway 27 and Highway 50 on Major Mackenzie Drive which leads to Rutherford Road/Langstaff Road to the south. 
PwC Set to Open New Office in 2019
Construction update
Construction on the new regional headquarters for the international consulting firm PwC is well underway in the Vaughan Metropolitan Ce ntre. The tower is now structurally complete, and almost entirely enclosed. The building will also house a 10,000 square foot Vaughan public library bran ch, a City  of Vaughan Studio Dance Space, a new YMCA, and retail space. 
Current construction _August 2018_
Current construction status
Artistic rendering of completed building
Artistic rendering of completed building
Vaughan Tourism Developments
Cirque du Soleil comes to Vaughan
Concept rendering of the creactive space
Artistic rendering of CREACTIVE centre (Cirque du Soleil)
Cirque du Soleil has chosen Vaughan Mills as the site of its first family entertainment centre in Canada-CREACTIVE-opening in 2019. This new venture by the global entertainment company fulfills an opportunity that arises from the transformation of retail around the world, as developers are increasingly looking to offer entertainment experiences that turn malls into holistic destinations. CREACTIVE will offer a range of acrobatic, artistic and other Cirque du Soleil-inspired recreational activities, such as bungee jumping, aerial parkour, wire and trampolines, mask design, juggling, circus track activities, dance and more.
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Canada's Wonderland getting new capital investments
Rendering of dual-branded Hyatt Place and Hyatt House hotel (Cedar Fair)
Cedar Fair, parent company of Canada's Wonderland, has announced a dual-branded Hyatt Place-Hyatt House hotel on the property of the amusement park. Construction is set to begin in early 2019, with the hotel expected to open in late 2020, and it will feature 203 rooms on a 16-acre parcel of land.  Read more

The company also announced that Canada's Wonderland will also soon undergo the biggest capital investments in the park's history, with the addition of a new themed arena, an immersive holiday event, and the addition of the world's tallest, fastest, and longest dive coaster.  Read More
Save the Date - Vaughan Small Business Week
October 16-18, 2018
Vaughan Small Business Week Graphic _Link_
Join the City of Vaughan, the Vaughan Business Enterprise Centre (VBEC) and its partners as we launch Small Business Week!

On October 16th, we'll kick off with a breakfast networking event featuring the opening of "OUTSIDE THE BOX: portraits of the innovation│technology", a curated photography exhibition at Vaughan City Hall. This engaging and unconventional exhibition profiles connectors, ecosystem builders and faces of business in Vaughan who help shape the City's innovation, technology, entrepreneurship and globalization landscape from start-up, to in growth and international operations.

Registration is now open - reserve your spot at vaughan.ca/vbec
Market Your Business In Vaughan
Corporate partnerships logo Are you looking to promote your business and stand out amongst your competitors ? Use customized partnership with the City of Vaughan to reach your target audience. 
Project Blue Launch
Project Blue is an innovative project the City of Vaughan is taking on in response to flood risks in the Rivermede Rd and Bowes Rd area. It focuses on non-intrusive ways of collecting rainwater on commercial properties and benefits owners by reducing the flood risk in the area and potentially making your building eligible for credits on your water bill.

If you are interested and are located in the vicinity of Rivermede Rd and Bowes Rd, please visit vaughan.ca/ProjectBlue or contact Craig Schritt 905-832-8562, ext. 6308; craig.schritt@vaughan.ca to discuss.
York Region Water Incentives
York Region offers a variety of financial incentives for businesses participating in water protection and efficiency progra ms. The p rograms are offered to owners and managers of   businesses, institutional facilities, farms and multi-unit residences in York Region. 
Vaughan Summer Company 2018
Vaughan Summer Company participants A big congratulations to Vaughan's 17 Summer Company participants on successfully completing the program! The students received training, mentorship from the local business community, and a provincial grant as they launched businesses over the summer. 95% of participants are planning to continue their business as they return to school! 

Interested in becoming a mentor for next year's program? Contact us at ecd@vaughan.ca
City of Vaughan's First Naming Right:
Saputo Tennis Courts
Thanks to a contribution from the Saputo facility in Vaughan, the tennis courts at Torii Park were rejuvenated for the community's enjoyment and culminated in an unveiling event with excited residents, the Mayor, and Members of Council.
Read more
Business Waste Reduction Forum
September 28, 2018
Join York Region at the Business Waste Reduction Forum on September 28 at Vaughan City Hall and learn from other businesses how reducing waste can lead to reductions in cost and achieve bottom-line results.
Learn more
2nd Annual Leaders' Sustainability Forum
ClimateWise Business Network is holding its 2nd Leaders' Sustainability Forum. Join them on November 8th to hear from Diane Saxe, Ontario's Environmental Commissioner, speak on the progress being made in Ontario to address climate change. A panel from the technology, manufacturing, food, and the construction sectors will share what business is doing to reduce greenhouse gas emissions while becoming more competitive in their operations.
Learn more

The City of Vaughan's Economic and Cultural Development department focuses on facilitating entrepreneurship, employment and investment opportunities, developing and promoting art and cultural experiences, as well as engaging thought leaders to generate insightful ideas, strategies and actions that drive economic, cultural and partnership investment. We work to make Vaughan a place where entrepreneurship, business, art and culture prosper and grow.

For more information, contact the City of Vaughan's Economic and Cultural Development team at 
905-832-8526 or visit our website at vaughan.ca/business.