Economy

Entrepreneurial Innovation-Based Economy to Create Jobs

• Attract top talent and capital with radically better public services, lower taxes, more affordable housing, and a faster commute
• 12 new subway lines across GTA
• GTA Loop: Extend Gardiner Expressway via Hwy 427 to Brampton, via Hwy 404 to Markham, and via tunnel to Allen Expressway, up to Hwy 407 ETR 
• New international airport to support GTA’s rapid growth of 10 million new immigrants over next the 25 years. See Jewel Changi airport in Singapore
• New Toronto convention centre overlooking Lake Ontario
• New Toronto history museum and Ontario history museum
• Increase GTA hotel capacity
• Host events, conferences, concerts, competitions, hackathons, and medical tourism. Focused surgical clinics (See Shouldice hospital in Markham) and integrated solution shops for second opinions and diagnosing complex cases 
• High-speed internet across Ontario
• Goal: 99% government services online: simpler, clearer, faster
• Reduce red tape and frustration by observing the user and eradicating friction and pain points. See GOV.UK Service Standard
• Reduce trade barriers in Canada: Industry Canada has estimated that increasing interprovincial trade by 10 percent would increase Canadian’s income by 5.1 percent
• Product Manager with blog for each public service for easier user feedback and continuous service improvement
• Online tribunal and court: quick, fair, and affordable dispute resolution
• Protect Ontarians by using claims data (shared with third parties via APIs) and analytics to prevent claims, disputes, harm, and injuries
• Co-ops to promote industry-specific productivity investments in software, equipment, training, and IP strategies to increase Gross Domestic Product (GDP) per capita, wages, and standard of living
• K-12: cultivate a pipeline of inventors, innovators, and entrepreneurs
• K-12: teach entrepreneurship and lean methodologies (steveblank.com/slides/) to lower the risk of startups, run cheap and quick experiments and accelerate time to market. Teach market-creating innovations to create jobs; and Jobs to Be Done theory to understand what causes customers to buy goods and services, making innovation a reliable engine for growth
• K-12: teach intellectual property (IP) mapping and strategies to optimize research and development (R&D), bring ideas to market, and enter global markets. Teach WIPO Academy and Trade Accelerator Program offered by Toronto Region Board of Trade. IP courses may be optimized with Jim Balsillie, Marshall Phelps, Kevin O’Leary, MIchelsonip.com, and Rivette and Kline, Rembrandts in the Attic (1999)
• K-12: Entrepreneurship + IP = job growth
• Ontario Business Centre: resources, seminars (Canadian Export Academy with Trade Accelerator Program), export experts and volunteers including new immigrants to help Ontario businesses be more successful trading around the world. See great.gov.uk
• Fix skills mismatch: better collection of labour data to coordinate education with jobs  
• Healthcare focused on keeping people healthy for higher workforce participation and productivity