A Strategic Plan for Accelerating Economic Growth and Job Creation in Toronto 4 Collaborating for Competitiveness 1. INTRODUCTION The guiding vision for this strategic plan is to foster the creation of a virtuous cycle of sustainable economic growth and job creation in order to improve the quality of life for all residents. [...] Its goal is to advance the city's prosperity, opportunity and liveability by: • working with businesses, residents, and a broad set of stakeholders to foster employment and investment growth; • improving the City's finances by increasing assessment and generating new employment, thereby decreasing the need for social support payments and services; and • ensuring that City policies, programs and ac [...] The diversity and education of the city's labour force is reflected in the diversity and strength of the Toronto economy. [...] The desirability of Toronto as a place to live and work in combination with the strength and skills of its financial services and construction trades sectors are the key forces behind the city's current building boom. [...] The A Strategic Plan for Accelerating Economic Growth and Job Creation in Toronto 10 Collaborating for Competitiveness recommendations have been developed in the context of today's local and global economic environment and are a combination of urgent and doable.