On November 19th the Town of Oakville launched their proposed 2020 Operating and Capital Budgets to the Budget Committee.
The Oakville Chamber’s submission focused on member’s concerns regarding the importance of supporting the growth of the existing business community, while remaining competitive against other jurisdictions when it comes to property taxes, development charges, and industrial land sale values.
Moreover, as the Town continues to grow and intensify, we urged Council to prioritize infrastructure investment for the movement of people and goods and services. Projects such as the Wyecroft Road Bridge and the Grade Separations of Burloak and Kerr will assist in alleviating congestion and improving safety. However, the Chamber also encouraged Council to make the improvements to MidTown a priority by accelerating the planning and design for the Royal Windsor Interchange as well as working with the Ministry of Transportation on this crucial transportation network.
The Chamber has been pleased to support many initiatives brought forward by the Town’s Economic Development department in an endeavor to strengthen our local economy. According to the Town’s 2018 Economic Update, initiatives such as the new Brownfields Community Improvement Plan and the Economic Development Strategy have facilitated growth for the Town. In fact, in 2018 new operations brought more than 1,600 new jobs while existing companies welcomed more than 560,000 square feet of new commercial and industrial development.
That’s why, we need to continue to support our business community that is the lifeblood of our Town. Oakville’s non-residential tax base represents 13.02 per cent of the total assessment base and contributes 18.24 per cent of all town taxes levied. In 2018, this amounted to $34.6 million in tax revenue collected. However, the financial contribution from the business community is further exceeded by the creation of jobs, the spending of funds locally as well as the contribution of companies giving back to the community.
This underscores the importance of the Town remaining innovative and progressive in its effort to remain Canada’s best place to live. As our communities become more “connected” through the collection of data, artificial intelligence and technology, it is vital that we are prepared for the business climate of the future. To that end, the Chamber is encouraging the Town to develop a Strategy for Urban Mobility and Transportation Planning. Moreover, it is crucial that this Strategy is aligned with the Town’s Economic Development Strategy to ensure that the needs of the business community are prioritized.
We must support all businesses in Oakville including those located in our downtown. Businesses have endured construction and decreased business on Lakeshore Road since April as a result of the downtown streetscape renewal project. The Chamber strongly urged Council to resolve the impediments of this project and further called on the Town to evaluate the challenges of this downtown project to ensure that future streetscape projects don’t have similar delays and impacts on business.
Additionally, the Chamber supported the Downtown Mitigation Strategy and encouraged Council to continue to support our downtown core by extending the current parking incentives to January 2021.
On behalf of the business community, the Oakville Chamber will continue to work with Town Council on budget initiatives that will strengthen the local economy.
 Oakville 2018 Economic Update
 Oakville 2018 Economic Update