The report is the product of a unique collaboration the Toronto region, we know that economic strategies between the Toronto Region Board of Trade and the Institute without the active involvement and leadership of the private for Competiveness & Prosperity, sponsored by KPMG. [...] They are business people who Many of the building blocks of success are there: strong give their time and expertise to the Toronto Region Board of human capital, large and diverse business clusters, and world- Trade in the service of creating a better and more prosperous class post-secondary institutions. [...] Toronto Region Board of Trade 4 toronto region board of trade Foreword From THe inSTiTuTe For compeTiTiveneSS & proSperiTy I am pleased to present Toward a Toronto Region Economic A great deal of the report’s research is focused on industry Strategy on behalf of the Institute for Competitiveness & clusters using the methodology developed by Professor Prosperity and the Toronto Region Board of Trad [...] In crafting this report, the Board and the Institute also worked with KPMG to conduct a series of e-Brainstorming sessions to consult with the Board’s members and other business leaders on the big issues facing the region. [...] The sessions offered many valuable insights toward a toronto region economic strategy 11 1 economic viSion THe ToronTo region needS To maXimiZe growTH 12 toronto region board of trade Toronto has a number of competitive advantages that have contributed to its status as one of the most prosperous urban regions in the world.