Yesterday, it was reported that Waterfront Toronto and Sidewalk Labs had entered into a plan development agreement to move forward with developing a high-tech neighbourhood with a people-first approach. That means well-paying jobs, affordable housing and urban innovation.
Can the minister please share with the House what this neighbourhood of the future will look like?
Mr. Speaker, our government is pleased that Sidewalk Labs, an associate company of Google, has partnered with Waterfront Toronto to deliver modern, innovative infrastructure for the province of Ontario. Sidewalk Labs will be investing $50 million to help create a master innovation and development plan for Quayside which will prioritize sustainability, affordability, mobility and economic opportunities. Further innovations will include data-driven processes to ensure energy efficiency and improve noise, traffic and pollution. Other areas for development and research will include high-speed Internet, machine learning and self-driving cars.
This is cutting-edge innovation that’s going to likely lead to 5,000 new private sector jobs being created here in Toronto and in Ontario. Mr. Speaker, Ontario is open for business.
Can the minister tell this House how this investment fits into the broader vision of the province and what economic benefits it offers?
The potential long-term economic benefits of moving forward with this specific development could include 5,000 new jobs, innovative solutions to urban issues, and fresh investments totalling billions and billions of dollars. It delivers on this government’s and our Premier’s commitment to attracting knowledge-based capital and investments to Ontario. We’re going to continue to create and support high-paying jobs in the private sector and innovation in new high-tech sectors. Our message that Ontario is open for business will ring loud and clear.
Mr. Speaker, this new agreement is another way that our government is fulfilling our commitment to the people of Ontario. Promise made, promise kept.top | new search