Quote:
Originally Posted by flar
While I agree with most of what you're saying, the fact is Hamilton is an economically depressed city. Like in other industrial cities in North America, Hamilton's industrial sector declined immensely and continues to decline. With that comes a huge loss in tax revenue. There has been nothing to replace that loss. You can point to growth in the health sector but that is
government and doesn't bring in the tax dollars like private industry. That leaves homeowners to bear the tax burden for the infrastructure of a large 150+ year old city. That's why the city is broke and can't do anything. That's why everyone is calling for Hamilton to diversify its economy. We all know that's what needs to be done, it's obvious. It's just not obvious or easy when it comes to actually doing it. American rust belt cities have had mixed results in their attempts to move to a postindustrial economy: some are doing well, others aren't. Their situations are closer to Hamilton's than Mississauga's and that's where we should look for solutions and advice.
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flar,
I'm not saying here that Hamilton is the ideal city in which other cities should look to and emulate but on the other hand to tell everyone here that the city of Hamilton is an "economically depressed" one is a bit of a stretch in the other direction as well.
Hamilton's days as a manufacturing powerhouse is in the past and those days are never coming back. Furthermore, this is not a Hamilton problem this is a North American problem. You say that we need to diversify our economy and I believe that is happening already and its not just happening with the Health sector. When you look at the numbers posted up by Hamilton's Economic Development Department from 1996 to 2006 jobs in the Health sector rose 31%, Educational services 57%, Construction 78%, Finance, insurance & real estate rose to 19% and professional, scientific and technical sector rose 79%.
Now don't get me wrong here. I'm not saying that we are perfect in Hamilton. There are many things that we can still do to improve. One of the things I really like that we did this year was to have an Economic Summit and I'm hoping that this becomes an annual event here in Hamilton and as well where they also involve not just members of the business community but regular everyday folks like us as well...a good example of this to use would be the round table discussions we had here earlier this week with members of Metrolinx.
The other area in which I feel that we lack in is I don't think the city of Hamilton does a good enough job of promoting itself. I just think that whether or not you are a business or a city like Hamilton you can never do enough to market or promote the city. We clearly need to do a much better job in this department.
Having said all that we have many great things here in Hamilton that is the envy of a lot of other cities around the world like our booming Waterport, a booming air cargo business at the Airport, a world class university like McMaster, the many great hiking trails, waterfalls and natural wonders that surrounds us and our close proximity to the Canada-U.S. border.