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Inclusive Local Economic Opportunity (ILEO) Initiative

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What is the ILEO Initiative?

The Inclusive Local Economic Opportunity (ILEO) Initiative brings together the private, public, community sectors, and labour to find innovative ways to reduce gaps in economic prosperity in the Greater Toronto Region, and to create lasting inclusive economic vitality at the neighbourhood level. The initiative builds on United Way Greater Toronto’s 14 years of place-based work, working directly with low-income communities to strengthen their neighbourhoods. ILEO has been catalyzed by a $10-million gift from BMO Financial Group to advance this initiative, and our other place-based work.

The goal of ILEO is to drive a virtuous cycle of public and private investment in neighbourhoods. This means catalyzing neighbourhood revitalization at scale that includes, and does not displace, existing communities, through coordinated, strategic, and multi-sector planning and investment.

ILEO pilot projects

Small Business Catalyzer (SBC)

The small business catalyzer is led by RioCan and developed in partnership with PwC Canada. The SBC will accelerate emerging local businesses through the provision of time-limited, low-rent or rent-free spaces. Learn more about the Small Business Catalyzer here.

Joint Venture

The Joint Venture is a majority community-owned infrastructure company, led by Aecon, that will meet supply chain needs for construction/maintenance contracts in part resulting from the Eglinton Crosstown LRT expansion.

Charter

The corporate charter is a CEO-led initiative aimed at increasing shared prosperity. It will contain a set of commitments that companies can make within the scope of normal business (e.g., excluding charitable donations, volunteering) that will support inclusive economic opportunities in the region in which they operate.