The Innovation District is part of the 177-acre Lakeview Village, an ambitious, historic reimagining of the former coal burning Lakeview Generating Station. Specifically, the plans for the District are to leverage the site’s rich historic legacy and bolster local industry strengths by:
Supporting a mix of flexible office, institutional, educational and innovation uses
Accommodating over 1.5 million sq. ft. of employment space across 12 to 14 buildings
Creating up to 9,000 highly-skilled jobs in research and the development of innovative solutions
Industry focus
Information and Communications Technology – companies involved in computing, broadcasting activities, telecommunications and related professional and support services. Learn more here.
Clean Technology – any process, product, or service that reduces environmental impacts through environmental protection activities and resource management activities that result in a more efficient use of natural resources. Learn more here.
Life Sciences – the study of all living organisms. These companies use technology to deliver commercially-viable products and services and those that directly support these activities along the entire commercial value chain. Learn more here. Learn more here.
The Innovation District will ensure that Lakeview Village is a genuine complete community that balances employment and population through the creation of high quality, knowledge-intensive jobs.
Expanding Mississauga's innovation ecosystem
The creation of the Innovation District will be an opportunity to expand Mississauga’s entrepreneurship and innovation ecosystem within its innovation identity - IDEA Mississauga. Leveraging the Lakeview Innovation District will position Mississauga as a global leader in scaling and commercialization, and to become a centre of excellence for entrepreneurship and innovation within the region.
The vision to develop the Innovation District into an innovation campus translates to a development opportunity of employment space comprising primarily of office, flex-office, and lab uses. Under current conditions there is a development gap in the Lakeview market for the type of uses envisioned for the site and therefore intervention is required to achieve the vision. To address this, Council directed to staff prepare a Community Improvement Plan (CIP) for the Innovation District.
A CIP is a tool under section 28 of the Planning Act that enables the City to provide time-limited incentives to encourage and direct development without contravening the Municipal Act’s bonusing rules. The establishment of a CIP will allow the City to provide financial and non-financial incentive tools, for a set length of time, to encourage desired development and facilitate partnerships.
Have your say
Get involved and share your thoughts! Your feedback will help the City determine the best way to incentivize desired developments so that the Innovation District vision is achieved.
Register for project updates!
If you wish to mail your comments, please send them to:
Melissa Slupik, City Planning Strategies, 7th FL - Planning and Building, City of Mississauga, 300 City Centre Dr, Mississauga, ON L5B 3C1.
Creating a complete community
The Innovation District is part of the 177-acre Lakeview Village, an ambitious, historic reimagining of the former coal burning Lakeview Generating Station. Specifically, the plans for the District are to leverage the site’s rich historic legacy and bolster local industry strengths by:
Supporting a mix of flexible office, institutional, educational and innovation uses
Accommodating over 1.5 million sq. ft. of employment space across 12 to 14 buildings
Creating up to 9,000 highly-skilled jobs in research and the development of innovative solutions
Industry focus
Information and Communications Technology – companies involved in computing, broadcasting activities, telecommunications and related professional and support services. Learn more here.
Clean Technology – any process, product, or service that reduces environmental impacts through environmental protection activities and resource management activities that result in a more efficient use of natural resources. Learn more here.
Life Sciences – the study of all living organisms. These companies use technology to deliver commercially-viable products and services and those that directly support these activities along the entire commercial value chain. Learn more here. Learn more here.
The Innovation District will ensure that Lakeview Village is a genuine complete community that balances employment and population through the creation of high quality, knowledge-intensive jobs.
Expanding Mississauga's innovation ecosystem
The creation of the Innovation District will be an opportunity to expand Mississauga’s entrepreneurship and innovation ecosystem within its innovation identity - IDEA Mississauga. Leveraging the Lakeview Innovation District will position Mississauga as a global leader in scaling and commercialization, and to become a centre of excellence for entrepreneurship and innovation within the region.
The vision to develop the Innovation District into an innovation campus translates to a development opportunity of employment space comprising primarily of office, flex-office, and lab uses. Under current conditions there is a development gap in the Lakeview market for the type of uses envisioned for the site and therefore intervention is required to achieve the vision. To address this, Council directed to staff prepare a Community Improvement Plan (CIP) for the Innovation District.
A CIP is a tool under section 28 of the Planning Act that enables the City to provide time-limited incentives to encourage and direct development without contravening the Municipal Act’s bonusing rules. The establishment of a CIP will allow the City to provide financial and non-financial incentive tools, for a set length of time, to encourage desired development and facilitate partnerships.
Have your say
Get involved and share your thoughts! Your feedback will help the City determine the best way to incentivize desired developments so that the Innovation District vision is achieved.
Register for project updates!
If you wish to mail your comments, please send them to:
Melissa Slupik, City Planning Strategies, 7th FL - Planning and Building, City of Mississauga, 300 City Centre Dr, Mississauga, ON L5B 3C1.
What "financial and non-financial incentive tools" will the City be allowed to provide?
Andrej Galinac
asked
over 1 year ago
Thank you for your question. In order to address the range of goals identified for the Community Improvement Plan (CIP), incentives are available for two categories: Economic Development Key Sectors (Key Sectors) and Low-Carbon Technologies and Energy Systems (Low-Carbon). The incentives for both categories include Tax Increment Equivalent Grants (TIEG), Development Charge (DC) Deferrals, and Municipal Property Acquisition and Disposal. Municipally Funded Parking is also available for the Key Sectors and Capital Loans are available for Low-Carbon.
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