Creating a projected 44,000 direct jobs and $14.2 billion in annual economic impact by 2040
This growth is achieved through a series of initiatives that include accelerating new development through upfront investments in critical infrastructure, such as light rail; relocating Google’s Canadian headquarters to Villiers West as part of a new innovation campus; supporting a new applied research centre called the Urban Innovation Institute with $10 million in seed funding; and contributing $10 million alongside partners to a new venture fund designed to help Canadian companies scale.
Critically, to plan for prosperity with equity, Sidewalk Labs commits to a robust inclusion program, anchored by an ambitious housing vision (see below) and a new workforce development program.
Creating 2,500 manufacturing jobs and catalyzing the mass timber industry
The IDEA District would help Canada become a global leader in a new construction industry focused on mass timber — engineered wood that is as strong and fire-resistant as concrete and steel, but far more sustainable and far easier to manufacture.
To catalyze industry growth, Sidewalk Labs is prepared to invest alongside partners in a new Ontario-based factory for off-site mass timber construction that would support an estimated 2,500 annual full-time jobs over a 20-year period.
The project’s total construction (buildings and infrastructure) could add more than $22 billion in value to the Canadian economy and create over 174,000 years of employment by 2040. At least 10 percent of construction hours would be reserved for low-income and racialized youths, women, and Indigenous people.