April 11, 2018 - Media Release
The Kingston-Syracuse Pathway partnership will bolster the region’s unique economies
Kingston, ON- Kingston Economic Development Corporation, Office of Partnerships and Innovation at Queen’s University, and Ontario East Economic Development Commission are pleased to have entered into a partnership with the Center State Corporation for Economic Opportunity, SUNY Upstate Medical University, and the Central New York Biotech Accelerator to launch the Kingston- Syracuse Pathway.
The Kingston-Syracuse Pathway results from a year of collaboration between business, government and academic leaders from both sides of the border. A Memorandum of Understanding confirms mutual interest in supporting business growth by working collaboratively to facilitate research and development, to optimize opportunities to advance economic development in Eastern Ontario and Central/Northern New York State. The Kingston-Syracuse Pathway joins three preceding models of cross border collaboration: the Cascadia Innovation Corridor, Windsor-Detroit, and the Binational Research & Innovation Corridor.
Donna Gillespie, CEO, Kingston Economic Development Corporation, said the partnership is a unique opportunity for both regions to come together and maximize their shared economic advantages, “By developing the Kingston- Syracuse Pathway, we have the chance to unlock more economic opportunities. We recognize the importance of establishing a collaborative working relationship between our academic institutions and economic development resources to support business growth, research and investment attraction. We’re stronger when we work together, and we have a shared commitment to growth and innovation.”
The Kingston-Syracuse Pathway brings together common interests in the fields of agribusiness, Lyme disease research, defense electronics, energy, tourism, biotechnology, emerging medical technologies, among others.
Andrew Bacchus, Kingston Economic Development Corporation Business Development Officer, said the partnership will focus on improving connectivity, strengthening innovation and generating economic opportunity, “This special relationship for our region symbolizes the strong ties between the two countries, and is truly deserving of international attention. The Greater Kingston Region has the opportunity to be a part of progress and innovation, elevating our global economic position.”
Bonnie O’Neill, Executive Director, Ontario East Economic Development Commission, believes the partnership will stimulate economic growth, noting “the relationships and connections that this initiative builds will help companies across the region to export and grow their business.”
The potential trade benefits of the Kingston-Syracuse Pathway are significant. In 2016 U.S. goods and services trade with Canada totaled an estimated $627.8 billion. Additionally, the United States receives approximately 81% of all Ontario exports — and after Michigan and California, New York ranks as Ontario’s third top trading partner for the percentage of global goods exports to the United States.
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