In a world in economic flux, the greenfield trends fDi Report reveals the province’s FDI investments show no sign of slowing down Ontario fared well in fDi Intelligence’s latest Global Greenfield Investment Trends, which documents investment numbers from 2021. The report talks about a “world in flux seen through an FDI lens,” citing a global transformation in the areas of sustainability, the digital economy and supply chain restructuring due to COVID-19. The report reflects that, amidst a recovering pandemic economy, Ontario’s investment numbers showed no sign of slowing down. For 2021, the province ranked third for FDI into North America by capital investment and fourth for FDI into North America by project numbers. In terms of capital investment, Ontario ranked higher than U.S. heavy-weights New York, California and Ohio—in part due to the province’s support in attracting investment in key sectors during economic uncertainty. #3 FDI into North Americaby CAPITAL INVESTMENT #4 FDI into North Americaby PROJECT NUMBERS “The business landscape continues to evolve due to geopolitical instability and the ongoing impact of COVID-19,” says Trevor Dauphinee, CEO of Invest Ontario. “Investors are looking for investment locations offering stability while not hampering opportunities for growth and innovation—and that’s what they find in Ontario. Working closely with investors and providing customized services and supports, we are able to better and more efficiently address investor needs and attract significant projects.” Ontario’s success continued into 2022, receiving some of our most notable investments in the life sciences, technology and advanced manufacturing sectors, including several multi-billion dollar auto and electric vehicle (EV) deals. In early 2022, Stellantis and LG Energy Solution (LGES) made the largest auto investment in the province’s history: a joint venture of $5 billion to build an EV battery manufacturing facility in Windsor, Ontario. This is in addition to investments from other global giants such as Umicore, GM and Honda throughout the year, securing Ontario’s position as a global leader in the automotive space. In the information technology sector, Invest Ontario won a $340+ million investment from tech giant Nokia for a redevelopment project that will transform their Ottawa facility into a world-class telecommunications and technology hub. You might also be interested in: Volkswagen partners with Ontario quantum leaders on battery development Indian multinational IT giant Zoho expands to Ontario, Canada OmniaBio shapes the future of regenerative medicine For life sciences, OmniaBio announced a new biomanufacturing facility in the province, contributing to an overall project investment exceeding half a billion dollars. Canada overall has been excelling in FDI. Invest in Canada reported that foreign direct investment in Canada reached a 15-year high in 2021 at $75.5 billion, with a cumulative value of FDI in the country reaching $1.1 trillion (a 26.5% increase over the 10-year average). With Ontario receiving the title as the best place in Canada to invest by Site Selection magazine, along with top rankings in tech talent, cities of the future and the global liveability index, it’s no wonder Ontario is drawing major foreign direct investment from around the globe. Discover more reasons why companies are choosing to invest in Ontario.
spotlights2022 Investment RoundupIn 2022, we saw billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada.... spotlights5 reasons Ontario is poised to lead the future of electric vehicle productionExperts predict the province will be a crucial jurisdiction in the global production and development of electric vehicles. Ontario is poised to build the innovative technologies... success storiesNorth America’s first automotive cybersecurity organization is in OntarioUniversity of Windsor’s SHIELD Automotive Cybersecurity Centre of Excellence is developing innovations to protect connected and autonomous vehicles.... Press ReleaseFirst all-Canadian, zero-emission concept vehicle designed in Ontario unveiled at Consumer Electronics ShowProject Arrow makes use of Ontario’s complete end-to-end automotive supply chain and demonstrates the province's world-class automotive capabilities and innovation on the global... spotlightsCanada’s EV battery supply chain surpasses U.S., a close 2nd to ChinaCanada places second in BloombergNEF’s global battery supply chain ranking, credited with strengths in raw materials, ESG factors and industrial infrastructure.... spotlightsIntroducing the Waabi Driver: the next generation of autonomous trucking techWaabi have unveiled the Waabi Driver, an AI-first autonomy stack as software designed for factory-level OEM integration, large-scale commercialization,... success storiesOntario biotech startup receives Gates Foundation grant to make contraceptives more accessibleOntario-based Cyclica’s new-age AI is generating more non-hormonal contraceptive choices for women in developing countries.... Press ReleaseOntario attracts economic opportunities with Trade Mission to IndiaThe Ontario government has concluded a successful trade mission to India to strengthen relationships with economic partners and attract new investments in key sectors.... Press ReleaseCanada’s first all-electric vehicle manufacturing facility opens in OntarioWith support from the province, GM Canada has transformed its CAMI manufacturing plant into an all-EV manufacturing facility, the first of its kind in Canada.... Press ReleasePointsBet opens Canadian headquarters in Toronto, OntarioLeading iGaming company, PointsBet, has opened its Canadian headquarters in Toronto, which will serve as a technology innovation hub and home to 50 new jobs.... success storiesWhy India’s L&T Technology Services is engineering solutions in OntarioWhen it decided to nearshore its North American R&D, India’s L&T Technology Services looked for a robust tech ecosystem—and found it in Toronto, Ontario.... spotlightsVolkswagen partners with Ontario quantum leaders on battery developmentVolkswagen teams up with Ontario-based quantum computing leader Xanadu to develop safer, lighter and more cost-effective EV battery materials....