“We are united in fighting COVID-19 – protecting our residents and saving lives.
While the measures we have taken to stop the spread of the virus have made a difference, this virus has still taken far too many lives in our communities and continues to threaten the lives of our residents.
At the same time, there is no denying the devastating impact of COVID-19 on the economy. Jobs have been lost, many businesses have closed or are at risk of closure, and many families are worried about their financial future.
We’ve been hit hard but that’s why it is so important that we keep moving forward and come back as strong as possible.
Today, the GTHA Mayors and Chairs met to discuss the impacts of COVID-19 on the region and how our municipalities can work together on the economic restart and recovery.
We know the Toronto Census Metropolitan Area alone is projected to lose 355,000 jobs and 28% of GDP along with $894 million in lost wages and $3.7 billion in revenue losses for businesses. This will be felt right across the GTHA but it also threatens the provincial and national economies.
A strong recovery right here in the GTHA is crucial to healing the economic damage done by COVID-19 and helping the families and businesses all governments have been working to protect throughout this emergency.
Ontario’s economy and Canada’s economy need the GTHA to come back stronger than ever when the restart begins.
We are determined to deliver this recovery and we agreed today that the GTHA municipalities will be working together to successfully and smoothly reopen our vital regional economy when the time comes.
We also discussed how we can in a consistent way achieve significant, necessary financial support from the other governments to help mitigate the impact of COVID-19 and protect our ability to contribute to the recovery. A strong recovery needs strong cities and regional governments.
We have agreed we will work together to share information about our respective financial positions and explore together measures we can advocate to the other governments which will help to ensure the financial stability of local and regional governments in the GTHA.
Our child care and recreation programs help parents get back to work.
Our emergency services keep people safe.
Our transit systems get people to work and home safely.
Our major infrastructure projects – often built in conjunction with the other governments – will help kick-start the recovery and create countless jobs.
Our economic development activities attract jobs and investment.
We built a strong and vibrant GTHA and we know that we will need to come back even stronger and as quickly as we can in order to keep Canada’s economy going.
With the cooperation and support of the provincial and federal governments, we are ready to rise to this challenge.”