GTA Financial Services Cluster (Class MRK625)

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GTA Financial Services Cluster (Class MRK625)

  1. 1. Written By: Stephen Lowe
  2. 2. What is a Cluster? <ul><li>A cluster is a geographic concentration of interconnected businesses, suppliers, and institutions in a particular field. </li></ul>
  3. 3. The Role of a Cluster <ul><li>Clusters can be any of the following: </li></ul><ul><li>Incubator </li></ul><ul><li>Convergence Centre </li></ul><ul><li>Accelerator </li></ul><ul><li>Innovation Centre </li></ul><ul><li>Centre of Excellence </li></ul>
  4. 4. Why Clusters Succeed <ul><li>Excellent skills base </li></ul><ul><li>Being Innovation and R&D capacity </li></ul><ul><li>Networks and Partnerships </li></ul>
  5. 5. GTA Financial Services Cluster Major Financial players in the GTA
  6. 6. Top North American Competitors <ul><li>New York </li></ul><ul><li>Chicago </li></ul><ul><li>Los Angeles </li></ul>
  7. 7. Issues facing the Finance Cluster <ul><li>Globalization </li></ul><ul><li>Regulatory changes </li></ul><ul><li>Consolidations </li></ul><ul><li>Advances in technology </li></ul>
  8. 8. Greater Toronto Marketing Alliance (GTMA) <ul><li>A partnership </li></ul><ul><li>Is to make international companies aware of the competitive advantages of locating or investing in the Greater Toronto Area </li></ul>
  9. 9. The Toronto Financial Services Alliance (TFSA) <ul><li>Representing the financial services industry </li></ul><ul><li>They help Toronto keep its competitiveness </li></ul><ul><li>Their website </li></ul>
  10. 10. Cluster Innovations
  11. 11. Thank you <ul><li>Please visit my Blog salowe1.wordpress.com </li></ul>

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