From financial technology to food processing, Ontario ranks high in key sectors Business 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-service media brand specializing in the site selection marketplace. Toronto, Ontario debuts in the rankings as the 5th best startup ecosystem This year Toronto bursts into the best startup ecosystem rankings for the first time, landing in the top five. Ontario’s startup ecosystem is uniquely collaborative among companies and firms, with corporate, academic and government partnerships and a skilled, educated and diverse workforce. The province’s quality of life is unparalleled, and the eclectic cultural scene is attracting new talent. Several incubators and accelerators support Toronto’s thriving startup ecosystem: MaRS, the world’s largest urban innovation hub that helps startups in the health, cleantech, fintech and enterprise sectors; Creative Destruction Lab (CDL), a non-profit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies; JLABS, Johnson & Johnson’s first life science incubator situated outside of the U.S.; and DMZ, Canada’s top university business incubator that assists startups and entrepreneurs worldwide. Toronto, Ontario is a top 3 global fintech leader This year, Toronto’s fintech sector ranks third among other cities around the world. With nearly 700 fintech companies in the country, almost 60% of these businesses reside in Ontario. Toronto is the heart of fintech in the province, with the headquarters for Canada’s four largest banks, eight major Canadian asset managers and 80% of all foreign banks operating in the country. With bountiful tech-educated workers and one of the world’s most sound banking systems, this global city of the future is truly an attractive destination for fintech companies anywhere in the world. Brampton, Ontario remains the top food processing city in the world For the second year in a row, Brampton, a city of the future, reigns as the best city in the world for food processing. This consistent ranking comes as no surprise—Ontario’s food and beverage processing sector is the largest in the country, with a rich agriculture base and a strong workforce of over 95,000 people. Brampton accounts for 37% of Canada’s food processing industry’s revenue, contributing $1.3 billion annually to Canada’s GDP. With 8,500 workers employed at companies such as Coca-Cola Bottling and Loblaws, Brampton offers food testing, processing and packaging facilities, transportation, packaging design, equipment and refrigeration storage, making the city a food processing powerhouse. A magnet for businesses in every corner of the world Global companies from all sectors flock to Ontario to invest, as evidenced by Ontario’s rise to third place for foreign direct investment (FDI) for projects and capital investments. The province’s highly innovative environment has not gone unnoticed—tech giants such as Netflix and TikTok have recently tapped into the talented workforce that Ontario has to offer. Ontario is also the perfect habitat for the burgeoning electric vehicle (EV) industry. With an ideal climate created by an abundance of critical materials, an ethical supply chain and support from the provincial and federal governments, automotive powerhouses like Stellantis (formerly Fiat Chrysler Automobiles), General Motors and Ford have expanded their EV manufacturing to Ontario. Ontario is open for business—here’s how Invest Ontario will show you in Invest Ontario, led by Interim CEO Trevor Dauphinee, is the new agency to help businesses and investors around the world leverage the opportunities that Ontario has to offer. The agency assists companies seeking expansion opportunities and helps future-focused organizations realize their strategic business growth in the province. Learn more about the services Invest Ontario can provide to you.
spotlightsLG Energy Solution & Stellantis invest historic $5B+ to build Ontario, Canada’s first ever GigafactoryLG Energy Solution (LGES) and Stellantis have partnered to open Ontario, Canada’s first major electric vehicle (EV) battery plant. success storiesCiti chooses its Mississauga site for a new Internal Audit hubCiti's new Internal Audit hub in Mississauga, Ontario, will be instrumental in delivering advanced services to support the bank's increasing global growth. spotlightsHonda moves toward electrification with $1.4B investment in Ontario, CanadaIndustry giant Honda Canada Inc. has announced a $1.4 billion investment in their award-winning Alliston plants located in Ontario, Canada as a next step in their pathway to… spotlightsKingston, Ontario—your destination for businessAnchored by multinational giants, homegrown successes and high-growth startups with top talent, Kingston, Ontario, is an ideal location for business success. success storiesOntario-made cybersecurity tech is securing vital data that's at rest, in use and in motionOntario-based CryptoMill’s breakthrough encryption technology is attracting fans among international companies and government agencies. Learn what makes the Toronto-based company… Press ReleaseInvest Ontario Appoints CEOOn behalf of Invest Ontario’s Board of Directors, Chair Elyse Allan announced the appointment of Trevor Dauphinee as Chief Executive Officer. Press ReleaseOntario, Canada, invests in clean steelmaking technology to support future of auto sectorOntario, Canada, invests in clean steelmaking technology to support sustainable auto sector. success storiesUniversity of Toronto AV researchers take on winterAutonomous Driving in Adverse Conditions – WinTOR for short -- which aims to teach self-driving cars how to handle whatever winter throws their way. success storiesIrish fintech startup Swoop has landed in Ontario's flourishing entrepreneurial ecosystemSince launching in Ontario, Swoop Canada has struck a chord, building up its Canadian client base to over 500 companies, and is looking at tripling its team within 12 months. “… success storiesOntario's Dalton Pharma Services advances the world's therapeutic drug innovationsSome of the world’s most innovative medicines can be traced back to the labs and manufacturing facilities of Dalton Pharma Services. spotlightsSite selectors look no further: Ontario’s one-stop source for industrial propertiesProviding comprehensive and complete information about pre-qualified industrial properties. success storiesEQ Works is revolutionizing how companies understand their customers from its “home base” in TorontoKnowledge is power, but many companies have historically known very little about their customers—at least until data analytics companies like EQ Works came along.
