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  • : 35.8% have a post-secondary certificate/diploma and 46.6% hold a university degree

Gta financial clusters 2010 Gta financial clusters 2010 Presentation Transcript

  • GTA FINANCIAL SERVICES CLUSTER 2010
    BY: Mark Kong
  • What is a cluster?
    a “cluster” is defined by Michael Porter as
    • a concentration of companies and industries in a geographic region, which are interconnected by the markets they serve.
    • Clusters exchange information in order to further develop and innovate
  • Role of a cluster
    • Incubator
    • Innovation Centre
    • Convergence Centre
    • Accelerator
    • Centre of Execellence
  • Requirements of a successful cluster
    • Excellent Skill base
    • Innovative and R&D Capacity
    • Networks and Partnerships
  • WHY cluster?
    • Economic Development
    • Corporate Business Strategy
    • Innovations
    • Better Jobs ( Security, Wages)
  • GTA FINANCIAL SERVICES CLuSTER
    • The Greater Toronto Area is the financial capital of Canada and the third largest financial services centre in North America.
    • The first and second largest financial services centre are New York (US) and London (UK)
  • MAJOR PLAYERS IN THE FINANCIAL SECTOR
    • BANKS
    • CREDIT AGENCIES
    • SECURITY DEALERS
    • INSURANCE
  • CANADA’s BIG Five
  • LABOUR FORCE OF THE CLUSTER
    • Over 200,000 Employment in this Field alone in Toronto.
    • Skilled Labour force More than80% of financial services employees in the Toronto region have post-secondary designations
  • Competitive Advantage
    • Skilled Labour force within the region
    • Operating a financial services firm in the Toronto region is significantly less expensive than in America’s 5 major financial centers, including New York and Chicago.
  • RECENT InnovationS
  • Thank YOU
    • Please follow my Blog at http://tfkong.wordpress.com/ for more on financial Clusters