Hamilton Chamber of Commerce weighs in on legacy of the 2015 Pan Am and Parapan American Games
HAMILTON, ON, August 27, 2014: A new report from the Hamilton Chamber of Commerce and the Ontario Chamber of Commerce identifies the crucial steps that governments and the private sector must take in order to ensure that the 2015 Toronto Pan Am and Parapan American Games leave a positive, lasting economic legacy in Hamilton and the province.
“As hosts for the Pan Am Soccer tournament, Hamilton will be getting a significant influx of a global fan base and subsequent economic activity, especially near neighbourhoods of the city like Barton-Tiffany and James North that are on the cusp of major revitalization” says Keanin Loomis, President of the Hamilton Chamber of Commerce.
In less than a year, the Games will come to a close. If projections are accurate, they will bring 250,000 visitors to Ontario, generate $3.7 billion in new economic activity, and result in an expected 26,000 new jobs. While the Games are likely to provide a short-term boon to our economy, the lasting impact is much less clear.
According to the report, Beyond the Finish Line, Ontario needs to follow the lead of other major sporting event hosts and market itself more prominently to potential visitors from abroad.
“The Games have the potential to attract as many as hundreds of thousands of visitors from across the Americas,” says Allan O’Dette, President and CEO of the Ontario Chamber of Commerce. “But they won’t arrive unsolicited - we need to step up our marketing game abroad.”
The report also highlights the need to make sure that government’s traffic reduction targets for the Games do not slow the movement of goods in the province by ensnaring transport trucks in gridlock. Congestion already costs the GTHA $6 billion in lost productivity annually. Observers anticipate that congestion in the region will worsen during the Games, partially as a result of the government’s ambitious 20 percent traffic reduction target.
The business group also urges Ontario businesses to leverage the unique opportunity presented by the Games to establish deeper relationships with their Latin American counterparts. Ontario's exports to the region account for only 2.1 percent of Ontario's exports. The group applauds the Government of Ontario for spearheading the Toronto Pan American Economic Summit, a three day conference that will bring together 1,500 business leaders from across the Americas.
“The Chamber is already collaborating with the City of Hamilton on its emerging Foreign Direct Investment Strategy and is fully committed to ensuring we put our best foot forward as a city for the games next year” adds Keanin Loomis, President.
Learn more by reading Beyond the Finish Line: Ensuring a Successful Legacy for the Toronto 2015 Pan Am and Parapan Games. Click here to download.
- 30 -
For more information contact:
Policy & Research Analyst
Hamilton Chamber of Commerce
T: 905-522-1151 ext: 230
2014 Finalists Announced
10 companies have been selected as finalists for LiON’S LAIR, a competition that offers finalists the chance to pitch their idea to a panel of industry judges—the “Lions”—and solicit over $100,000 in cash and in-kind resources.
“LiON’S LAIR is a fantastic opportunity for Innovation Factory and the Hamilton Chamber of Commerce to work closely with high-potential companies and reward them for their efforts in entrepreneurship,” stated Keanin Loomis, President and CEO of the Hamilton Chamber of Commerce.
Hopeful participants submitted their business plans in April and each plan was evaluated based on the company’s product and commercial viability, ability to execute, and other factors by a panel of independent judges. The judge’s scores were tallied and this year’s top ten finalists are: ASTS, Formarum Inc., The Greenlid, Hangry Solutions Inc., QCumbr, Ranggo, Sound Options, Special Appucations, Tangobits, and VivaCity.
“This year’s LiON’S LAIR finalists offer a fantastic representation of the diverse businesses we see across our ecosystem,” stated Dave Carter, Executive Director of Innovation Factory.“Over the summer we’ll take them through training sessions to strengthen their skills in pitching, developing a compelling narrative, and handling questions and objections; ultimately preparing them to face the Lions.”
This year’s “Lions” are: Carmela Trombetta (RBC Royal Bank), Blair McKeil (McKeil Marine), Mario Paron (KPMG), Jeff Paikin (New Horizon Homes), and Tonia Jahshan (Steeped Tea).
Each finalist will participate in a pitch session with the “Lions” which will include the entrepreneur’s pitch followed by a question period. The “Lions” ultimately decide which companies receive cash and in-kind service investments from participating sponsors.
The pitch sessions will be filmed at Cable 14 and will be shown at the LiON’S LAIR Gala on October 2, 2014 at Carmen’s Banquet Centre. The “Lions’” investment decisions will be revealed live on stage at the Gala.
Ontario’s Political Parties Respond to Hamilton Chamber of Commerce 2014 Provincial Election Platform
Hamilton, ON, June, 9, 2014: Ontario's three major political parties have officially responded to the Hamilton Chamber of Commerce’s priorities for the 2014 provincial election.
Initially released two weeks ago in partnership with the Ontario Chamber of Commerce, Ontario Election 2014: Business Priorities outlines the major challenges inhibiting economic success in the province and provides recommendations to all political parties.
Responses from the political parties to these recommendations can be read in the business groups’ updated election platform here.
“Hamilton has demonstrated a remarkable economic revival over the last few years, with provincial policies and investments an important factor in our recovery” says Keanin Loomis, President & CEO of the Hamilton Chamber of Commerce. “All parties must be prepared to take the bold actions in fostering a conducive environment for the businesses in Hamilton as well as committing to key infrastructure investments in transit for Hamilton.”
"We're a non-partisan organization, so we are not in a position to endorse a particular party platform," says Allan O'Dette, President and CEO of the Ontario Chamber of Commerce.
"However, we can say that we are pleased to see that all parties have made commitments to address some of the key priorities in our platform" adds O’Dette.
“This provincial election comes at a critical time for Hamilton,” says Keanin Loomis, President & CEO of Hamilton Chamber of Commerce. “Our city is recovering, but growth is sluggish. More than ever, government has to ensure it is doing everything in its power to encourage investment and job creation in the province.”
Learn about how each of Ontario’s political parties have responded to business priorities by downloading Ontario Election 2014: Business Priorities.
- 30 –
Established in 1845, the Hamilton Chamber of Commerce is the definitive “Voice of Hamilton Business”. Representing over 1000 members and 75,000 employees, it champions the interests of ethical, free enterprise by effectively engaging business, community, and government leaders in the promotion of the long-term economic prosperity of our region
The Ontario Chamber of Commerce (OCC) is a business network of 160 local chambers of commerce and boards of trade in Ontario. Through this network we are the voice of 60,000 members that range from small businesses to major corporations and industry associations. Together, our members employ over two million people and produce nearly 17 percent of Ontario’s GDP.
For more information contact:
Hamilton Chamber of Commerce
T: 905-522-1151 ext:230