This project aims to conduct a comprehensive market research study focused on identifying hiring and skills gaps among small businesses in Toronto and the Greater Toronto Area (GTA). The goal is to gather data that will inform strategies to enhance hiring capacity and workforce skills development. By analyzing current hiring trends and identifying specific skill shortages, the project will provide valuable insights into the challenges faced by small businesses. Additionally, the research will explore various hiring incentives, such as Canada Summer Jobs, Wage Subsidy programs, and credit lending programs, that small businesses can leverage to support their hiring needs. The findings will be used to develop recommendations for partnerships and programs that can help bridge these gaps and support small businesses in their growth and development.

The project will deliver a comprehensive market research report detailing the hiring and skills gaps among small businesses in Toronto and the GTA. It will include an analysis of current hiring incentives and recommendations for programs and partnerships to support small businesses. Additionally, a presentation summarizing key findings and actionable insights will be prepared for stakeholders.

Tasks:

Data-Driven Revenue Growth Analysis:

• Analyze small business revenue trends using data from Statistics Canada to identify factors influencing growth and areas for improvement.

Industry Research:

• Conduct research on small businesses operating in various sectors across Toronto and the GTA to understand industry-specific challenges and skills needs.

Student Placement Identification:

• Identify and evaluate opportunities for student placements that can add measurable value to small businesses by addressing operational or skills gaps.

Company Outreach:

• Engage with small businesses to validate placement opportunities and assess their eligibility and interest in utilizing existing hiring and funding programs.

Program Recommendations:

• Develop actionable recommendations for the design and implementation of programs that address hiring gaps and skills shortages, leveraging existing funding initiatives.