Vaughan Healthcare Centre Precinct (VHCP) Lure Book & Promotion Video

Submitted ByEconomic Development Department - City of Vaughan

Vaughan Healthcare Centre Precinct (VHCP) Lure Book & Promotion Video
The Vaughan Healthcare Centre Precinct (VHCP) lure book and promotional video were designed to support efforts by the City of Vaughan’s Economic Development department to raise awareness of the initiative among domestic and international businesses, investment organizations and public sector agencies.

The VHCP is a city-led initiative, in partnership with Mackenzie Health, York University and ventureLAB, to develop a world-class destination for healthcare and health innovation on the site surrounding Vaughan’s new smart hospital. This unique partnership aims to bring cutting-edge innovation, economic growth and new jobs to Vaughan. Collectively, the expertise and physical co-location of each member organization in the partnership provides an opportunity to leverage cross-disciplinary knowledge and produce the next generation of healthcare delivery, health talent and health technologies.

The future VHCP will include:

  • a York University research, teaching, innovation, community engagement and administrative facility;
  • an expanded Mackenzie Health presence, including a new 256-bed long-term care facility; and
  • a ventureLAB Hardware Catalyst Initiative (HCI) medtech accelerator lab for hardware technologies.

One-Time Impacts: More than $755 million in value added to the Canadian economy, opportunities for some 6,300 full-time equivalent employment positions and upwards of $276 million in government revenues; the vast majority of which would accrue directly within the City of Vaughan and surrounding GTA.

Recurring Impacts: Support for a total permanent, on-site employment base of some 1,800 jobs, yielding more than $350 million in operational output each year (excluding the hospital).

Other Benefits: Opportunities to enhance the municipal profile of the City of Vaughan, attract major anchor institutions, foster a culture of entrepreneurship and innovation, as well as optimize recent and ongoing spending infrastructure, among other intangible benefits.  The development of the VHCP will solidify Vaughan as a destination of choice for students, talent, and businesses in the health and health technology sectors. The City is advancing the next stage of the VHCP partnership by allocating land at the site to establish the physical presence of York University and ventureLAB in Vaughan, supporting the expansion of Mackenzie Health, a leading medical-innovation node. Alongside land agreements, the City is working to foster collaboration among the partners themselves, and with international partners, like the Sheba Medical Centre in Israel, to kickstart health innovation projects and to build capacity for the future VHCP.

The VHCP partnership attended the 2022 Collision conference to highlight the economic opportunities emerging in Vaughan. The lure book and video supported direct conversations with international businesses, investment agencies and public sector organizations, focused on identifying opportunities for collaboration and cross-border trade:

  • Austrian Consulate General
  • Consulate General of the Czech Republic in Toronto
  • Consulate General of Greece in Toronto
  • Consulate General of Japan in Toronto
  • Illinois Department of Trade and Economic Opportunity
  • InvestHK
  • Invest Lithuania
  • Italian Trade Commissioner Service
  • Japan External Trade Organization (JETRO)
  • KOTRA (Korea Trade-Investment Promotion Agency)
  • Ontario Trade & Investment in Chicago
  • Startup Luxembourg and the Luxembourg-City Incubator
  • Switzerland Global Enterprise
  • Toronto Global
  • UK Department for International Trade

The lure book provides a comprehensive overview of the VHCP project. The video further supported the City’s awareness-building efforts by highlighting the key leaders behind the projects, communication the ambitious vision for the project and offering a glimpse at the kinds of state-of-the-art facilities that will be developed at the site.