Markham Stouffville Review, December 2023

DECEMBER 2023
Markham company one to watch
in Deloitte’s Fast 50 program
COMMUNITY 7 MARKHAM STOUFFVILLE REVIEW
A Markham company has been
named among the ‘Companies to Watch’
in Deloitte Canada’s Technology Fast 50
program, which recognizes the “worldclass
achievements” of Canada’s leading
technology companies.
EAIGLE placed No. 9 on the list of 15
Companies to Watch. The end-to-end AI
platform enables enterprises in the supply
chain and retail sectors leverage vision
data to address security, transportation and
operational challenges.
Its AI-powered solutions provide realtime
curated alerts, operational insights, and
automation, all aimed at helping enterprises
identify potential breaches and inefficiencies
and take corrective actions. Its solutions
work seamlessly with existing hardware,
making it easy for enterprises to integrate its
platform into their infrastructure. Its clients
include the City of Toronto, the Toronto Zoo,
Walmart and Cadillac Fairview.
Awards in the 2023 Technology Fast
50 program are presented in five categories:
Technology Fast 50, Enterprise – Industry
Leaders, Companies-to-Watch, Clean
Technology and North American Fast
Technology 500.
The Companies-to-Watch category
ranks Canadian technology companies
with the potential to be future Technology
Fast 50 candidates by their revenue
growth percentage over their last three
years of operation. The winners must
have a minimum of $50,000 in 2019 and a
minimum of $2.5 million in 2022. EAIGLE’s
revenue grew by 884 per cent in that time.
Technology Fast 50 ranks the
fastest-growing technology, media and
telecommunications companies by revenuegrowth
percentage over their last four years
of operation. This year, the average threeyear
growth of the Technology Fast 50
winners is 2,213 per cent. An emerging trend
among winners is generative AI.
“This year’s thriving cohort of winners
have delivered outstanding revenue growth,
despite prevailing uncertainties in the
economy and marketplace,” says Anders
McKenzie, partner, and national leader for
the Technology Fast 50 program at Deloitte
Canada.
“With their bold vision for the future,
impactful technologies, competitive drive
and passion for pushing the boundaries, these
companies are paving the way as catalysts
in their respective sectors, delivering growth
and value to the Canadian economy both at
home and beyond. It is truly inspiring to see
how they not only improve today’s world,
but also shape tomorrow’s.”
Region working to fast track Bus
Rapid Transit projects
York Region has developed a process
it hopes will fast track the remaining 130
kilometres of Bus Rapid Transit (BRT)
projects, three of which are located in the
City of Markham.
Those projects are Enterprise Boulevard
from Birchmount Road to Kennedy Road,
Kennedy Road from YMCA Boulevard to
Hwy. 7 and Hwy. 7 from Kennedy Road to
York Durham Line – all in Markham – as
well as Jane Street from Hwy. 7 to Major
Mackenzie Drive in Vaughan.
A report from the Commissioner of
Public Works also recommends prioritizing
the Hwy. 7 BRT project from McCowan
Road to York Durham Line/CP Havelock
to Phase 1 subject to analysis of associated
costs and funding from senior levels of
government.
The BRT framework identifies priority
projects in three phases for implementation,
factoring in transit ridership, rapid transit
network connectivity, land use density,
project readiness and project cost.
To date, 34 kilometres of BRT lanes
have been constructed and are in operation
across the region. Construction of the
remaining 130 kilometres hasn’t yet been
identified for capital construction funding
by any level of government. However, the
region believes improving the readiness of
the Phase 1 projects – including environmental
assessments and preliminary engineering
work – will better position those projects for
funding from senior levels of government.
The new process builds on focus area
actions identified in the 2022 Transportation
Master Plan (TMP), which looks ahead 30
years and considers the region’s transportation
infrastructure needs to support growth
and the changing needs of travellers.
The framework also lines up with goals
identified in the 2023 to 2027 Strategic Plan,
including reducing car travel, especially
during rush hours; investing in a safe,
effective transportation system that connects
people, goods and services; and delivering
and promoting environmentally sustainable
services.
York Region reviews the TMP every
five years to ensure the regional transportation
network meets the needs of motorists,
pedestrians, cyclists and transit riders.