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New Economic Roadmap Defines New Technology-Based Vision
FAIRFAX, VA, June 26, 2000—ICF Consulting
announced today that it has completed work for a partnership
of public- and private-sector leaders in Ottawa who are working
together to create the first "innovation economy" in
Canada. An innovation economy goes beyond simply having a
number of high-tech businesses. An innovation economy fosters
an economic environment where leading-edge products and services
are developed, as well as where the industries of the future
emerge that other economies later follow.
The Ottawa Partnership has asked ICF Consulting to help identify
the right strategies to transition Ottawa's economy, which
already is one of the most dynamic in North America, from
relying mainly on government employment to becoming a technology-based
economy.
In "Choosing a Future: A New Economic Vision for Ottawa,"
a study released on May 30th to a business conference of 500
leaders, ICF Consulting identified the major growth areas
for Ottawa: telecommunications, photonics, software, life
sciences, microelectronics, professional services, and tourism
industry clusters. The company also has been working with
The Ottawa Partnership to identify the limitations to economic
growth in the region, including transportation infrastructure
and workforce development, which are lagging in the region.
An executive
summary of the report is available in PDF format.
"It is critical for a city like Ottawa to strategically plan
a more competitive economy, despite the fact that many local
firms are globally competitive, unemployment is low, and per
capita income is at an all-time high," said Ted Lyman, a senior
vice president with ICF Consulting. "The economic transformation
that Ottawa has made in the last decade indicates the dynamic
nature of the global economy. The future is uncertain, and
Ottawa needs to be prepared to adapt aggressively to whatever
happens in the broader economic context."
ICF Consulting's economic
strategy practice, which is based in San Francisco, California,
has advised cities around the world on being competitive in
the global marketplace. Recent clients have included the cities
of Austin, Charlotte, and Toronto, as well as cities in Brazil
and Scotland.
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ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.
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For Immediate Release
Contact: Douglas Beck
1.703.934.3820
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