How Parthi Kandavel voted at council

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1. 2025.MM35.11ADOPTED

   Securing More Good Jobs in Toronto: Support for Hosting the Defence, Security and Resilience Bank Headquarters

   Toronto is at a critical economic juncture. The City’s unemployment is approaching 9 percent and a concerning trend of out-migration saw more than 70,000 residents leave Toronto in the last year. Council must take aggressive action to grow our economy, secure high-quality jobs, and ensure our long-term prosperity. Canada and other anchor nations have partnered to establish the Defence, Security and Resilience Bank, a new multilateral initiative designed to finance critical infrastructure, secure supply chains, and strengthen cyber resilience. The Defence, Security and Resilience Bank is in the process of selecting where its new headquarters will be located – a decision that could create more than 3500 high-quality jobs, strengthen its host city’s position as a hub of finance and innovation, and provide a significant boost to gross domestic product. Other cities such as Ottawa have publicly declared their interest in hosting this new institution. Toronto must advocate strongly for choosing our city as the ideal location for the Defence, Security and Resilience Bank headquarters. Locating its headquarters in Toronto would set up the Defence, Security and Resilience…

   City Council · 2025-12-17 19:35 PM

   Adopt Item

   Parthi Kandavel's vote: Yes

   Majority required - MM35.11 - Adopt the item

   Motion result

   Carried

   Recorded tally

   15-7

   Source outcome