In the knowledge economy, investing in 'soft' infrastructure research, education, training and mentoring is also critically important. Building strong interconnected networks of people to advance technology transfer, design, e-communication, arts and culture is essential to developing a sustainable economy. We can only achieve our full economic potential by leveraging and linking business, labour, government, research, education, and cultural institutions and communities. Through enhancing these partnerships, we will continue to produce innovative and specialized products and services for export, improve our competitive position, and improve our quality of life. No one agency or group can improve the City's competitive position or quality of life alone.
Successful economies require public investment, private investment, and public-private partnerships.
For more sector-specific information, see Key Industry Clusters . Toronto Competes Toronto Competes was initiated by the City's Economic Development Office in partnership with City Planning and support from the Ontario ministry of Economic Development and Trade's Office for Urban Economic Development.