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
spotlightsOntario Investment RoundupYear after year, we have seen billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada.... Press ReleaseKainos strengthens presence in Ontario with expansion of Toronto officeKainos is expanding its Toronto office with Invest Ontario’s support, aiming to triple its headcount to more than 300 employees over the next three years.... success storiesConstant Contact: amplifying digital marketing with AI and machine learningConstant Contact established a new R&D hub in Waterloo, accessing one of North America’s most innovative tech corridors and the region’s incredible tech talent.... success storiesOntario: where culinary tourism opportunities aboundOntario’s cultural diversity and wide range of agriculture have made it a world-renowned culinary hotspot, recently drawing the MICHELIN Guide to Toronto.... success storiesLake Superior North Shore Inside Passage: calling expedition cruise linesThe world’s largest freshwater lake is in Ontario, drawing expedition cruise lines from across the globe to wow tourists with its jaw-dropping sights.... success storiesSecuring the future: Waterloo’s Cybersecurity and Privacy InstituteWith cybercrime rising every year, corporations are turning to the University of Waterloo’s Cybersecurity and Privacy Institute to help safeguard their data.... spotlightsTop Ontario biotech companies to watch in 2023Ontario biotechnology enterprises are impacting health and wellness globally through the province’s world-class life sciences talent and innovation.... Op EdUnleashing Innovation and Collaboration: Ontario, Canada’s Life Sciences Sector Leads the WaySenior Economic Officers Aaron Pinto and Chelsea Peet discuss Ontario’s key life sciences value propositions and what makes the province a leader in the sector....
