A Collaborative Vision For Sustainable Prosperity in Mississauga

TREVOR McPHERSON

President & CEO, Mississauga Board of Trade

As Mississauga welcomes its 5th Mayor since incorporation, the Mississauga Board of Trade (MBOT) eagerly anticipates a productive collaboration with Mayor Parrish and all Council members, including newly elected Councillor Natalie Hart in Ward 5. Our goal is to ensure that the City continues to support businesses of all sizes, maintain a competitive tax rate, and position our local economy as the premier destination for new business investment, particularly in high-growth sectors such as life sciences, emerging technologies, transportation and logistics, and advanced manufacturing.

Recently, MBOT hosted its annual Business Awards of Excellence, celebrating the inspiring stories of the award recipients featured in this issue of CONNECT. While their success is a testament to innovation, determination, and remarkable teamwork, it also underscores the importance of a modern and efficient business ecosystem in today’s globally competitive environment.

Let’s look at some of the key factors that will impact Mississauga’s future prosperity:

TAXATION

Maintaining a competitive property tax rate is crucial for attracting new residents and businesses. The most recent municipal budget approved by Council included a modest 2.3% increase in the property tax rate, while the Region of Peel approved a more significant 4.5% increase. To address this, finding additional operational efficiencies and presenting a united front of municipal leaders from Peel Region will be vital in advocating for a “New Deal for Peel” from the Province.

HOUSING

Housing is a defining issue of our time. We need more housing of all types to support residents, workers, and newcomers. Mayor Parrish has already signaled her commitment to working closely with developers and City staff to improve permitting and development processes, which is a positive early indicator. Additionally, fostering a collaborative relationship with provincial and federal governments will be critical.

INFRASTRUCTURE

With additional housing comes the need for new and renewed infrastructure. From roads and bridges to transit, emergency services, and wastewater systems, the infrastructure needs are extensive. The potential transition of regional services such as regional roads, land use planning, waste management, and water/wastewater could bring additional efficiencies.

CRIME

Crime prevention and policing remain top priorities for municipal leaders in Peel Region, especially with the sharp rise in auto thefts. Addressing these concerns is increasingly important for both residents and the business community.