In The Community
Economic Impact
Construction of the new Ottawa Convention Centre is good news for the local community. The goal of this initiative is to secure new conference, convention and tradeshow business that in the past Ottawa and the Ottawa Convention Centre were considered too small to accommodate. This project will bring substantial financial benefits to the entire community. The positive economic impact of this new state-of-the-art facility will be felt in many sectors across the Ottawa region;
- This unique and historic project illustrates the commitment of all levels of government to work together to create economic stimulus to help Ottawa and regional communities not only weather the recession but emerge stronger from it.
- Building the new Ottawa Convention Centre is an important infrastructure project that will generate thousands of jobs and millions of dollars in economic activity in the short term.
- The new convention centre will provide the National Capital Region with a competitive advantage and positions the community to take advantage of the expected economic upturn to come by attracting more and larger conventions than it has in the past.
Benefits of a new Ottawa Convention Centre -- Tourism & Hospitality Sector
- It is estimated that, post-expansion, the new Ottawa Convention Centre will attract thousands of out-of-town guests to the region, who will:
- Generate $82.4 million in annual revenues and 1,992 Full-Time Employees (FTEs) in the local tourism and hospitality industry;
- Generate $14.2 million in sales and 118 Full-Time Employees in the local retail industry; and
- Generate $11.3 million in revenues and 141 Full-Time Employees in local restaurants and bars.
Benefits of a new Ottawa Convention Centre – Transportation Sector
Both out-of-town and local event guests use Ottawa's taxi, limousine, car rental and shuttle services. With its expanded operations, the Centre will continue to support the local transportation industry by:
- Generating an additional $500,000 annually in local Airport Improvement Fees;
- Generating $1.929 million annually in revenues for local taxi companies;
- Generating $161,000 annually in tips for local taxi drivers;
- Generating 43 FTEs annually in the local taxi industry;
- Generating $1.78 million annually in revenues for local car rental companies;
- Generating $325,000 annually in revenues for local shuttle companies; and
- Generating $1.303 million annually in gasoline sales.
Benefits of a new Ottawa Convention Centre – Taxation Revenues
One-Time Benefits of the OCC Expansion
- Federal income taxes and other contributions: $34.5 million
- Ontario income taxes and other contributions: $10.7 million
- GST: $2.5 million
- PST: $3.3 million
More information available in our Annual Report
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