The Global Location Trends 2019 report from IBM highlights Ontario as the top destination region in terms of jobs created based on incoming foreign direct investment (FDI). The report is unique in that it tracks decisions made at the project level and uses job creation data as a key indicator of the local economic impact of foreign direct investment (FDI) instead of merely using capital investment figures. Ontario outpaced all other provinces and states including Alabama, Texas and Michigan with over 10,000 jobs created from FDI. Ontario’s largest city, Toronto, made up nearly half of that, leading all other metropolitan areas on the continent. Ottawa also made the list of top destinations. Top FDI Destination Regions Top FDI Destination Regions - 2018 Provinces & states Jobs created in (’000 jobs) Ontario 10.1 Alabama 9.0 Tennessee 6.3 Illinois 6.1 Georgia 5.7 Ohio 5.4 Texas 5.3 Virginia 5.2 Indiana 4.8 Michigan 4.6 Top FDI Destination Metropolitan Areas Top FDI Destination Metropolitan Areas - 2018 Cities Jobs created in (’000 jobs) Toronto 4.9 Chicago 4.2 Detroit 3.7 New York 3.1 Dallas 2.8 Montreal 2.5 Atlanta 2.2 Boston 1.6 Ottawa 1.4 Charlotte 1.2 Top Investing Countries and Sectors The United States continues to be the top investor into Ontario followed by Ireland, the U.K., Japan, China, and Germany. The diversity of sectors investing in Ontario is very notable. The top investing sector in the province in 2018 was ICT followed by hospitality & tourism, wholesale & retail, transport equipment, business services, food & beverages and pharma, medical & healthcare. The annual Global Location Trends executive report launches on September 25, 2019. Access the 2019 Global Location Trends executive report provided by IBM
Press ReleaseInvest Ontario Board of Directors Appoints Interim CEOOn behalf of the Board of Directors, Chairwoman Elyse Allan is pleased to announce the appointment of Trevor Dauphinee as Invest Ontario’s interim CEO. spotlightsOntario Cities Lead the Way in the 2021 Business Facilities ReportBusiness Facilities magazine recently released its 2021 Metro and Global Rankings Reports, and Ontario cities rank highly on numerous lists. Business Facilities is a leading full-… spotlights5 reasons to build electric vehicles and batteries in OntarioThe province’s business, talent, and energy landscape will keep costs down for automotive innovators and producers. success storiesNewmont builds the “mine of the future” in Ontario, CanadaIn 2016, when Newmont announced that it would build the world’s first all-electric underground gold mine near Borden Lake in Northern Ontario, the global mining industry took… success storiesHow Ontario’s Novocol Pharma is poised to protect Canada from future pandemicsWhen the pandemic hit, catching the world off guard and causing drug manufacturers to scramble, Novocol Pharma president, Atif Zia, thought to himself, I know we can be more… success storiesRoche looks to Ontario, Canada to help accelerate innovations in health careWhen Roche Canada colleagues saw the opportunity to establish a centre of excellence (CoE) for artificial intelligence, they knew the best home would be in Canada. success storiesToronto’s BlueDot says the city’s diversity and culture of innovation helped it be among the first to detect COVID-19When Toronto’s Dr. Kamran Khan opened a file on December 31, 2019, that showed an unusual cluster of pneumonia cases in Wuhan, China, he let out an audible gasp. spotlights10 AI companies to watch in 2021Ontario has become a true hub for artificial intelligence, not just in Canada, but worldwide and the province’s reputation as a global leader in AI is growing. spotlights7 Tech companies expanding to Toronto, OntarioDespite the pandemic, Toronto’s technology sector keeps on growing. The city is a booming technological hub, boasting a strong talent pipeline that attracts tech companies… 10 Reasons to think OntarioThe Innovation Age isn’t just about harnessing the power of advanced technologies to rewire the way businesses operate. It’s about people breaking free from the bonds of the… spotlightsCanada rises to 2nd place in Kearney’s Foreign Direct Investment Confidence IndexCanada ranks second in A.T. Kearney’s annual Foreign Direct Investment (FDI) Confidence Index for 2021, a jump from ranking third in 2019. Although business leaders are relatively… spotlightsThe 5 biggest takeaways from the Collision 2021 conference for Kayan HealthFilled with some of the brightest minds in the industry, Collision wasn’t just another tech conference for Kayan Health.
