Summary
The Toronto Region is a centre of innovation, but a lack of up-to-date regulation stymies growth in the digitally-oriented “New Economy.” New regulations are needed to unleash technological innovation and associated economic growth.
This is why the Toronto Region Board of Trade designed a set of Regulatory Principles for the New Economy, which can act as a starting point for building new, competitive regulatory systems. Adopting these principles is going to be crucial in helping establish the Region become not only somewhere where great innovations are created, but also as somewhere to commercialize and deploy new tech. This will be essential to ensure we continue to attract jobs and investments after this pandemic has passed.
