Urban Regeneration and Economic Development in Ontario's City-Regions

Abstract

TODAY’S ECONOMIC DEVELOPMENT PROFESSIONALS are taking steps to ensure that their urban regional centres are vigorous and dynamic. Evidence shows that regional economic development depends on such factors as the ability to attract jobs and investment as well as skilled workers, many of whom are concerned about quality-of-life issues. Because of these factors, the attention paid to urban regeneration continues to grow. The economic development benefits of downtown revitalization can include an increased population living and working in the core, an expanded tax base, more tourism, beautification and stronger partnerships among all the key players in an urban centre.