Ontario takes Site Selection Magazine's 2017 Canadian Competitiveness Award

Amidst a Canadian economy that grew at three times the rate of the U.S. in the first quarter of 2017, "Ontario leads a nation ripe for growth," according to Site Selection magazine's 2017 survey of Canada's best investment locations. This year's Canada Competitiveness Award goes to the province of Ontario, based upon data derived from qualifying new corporate facilities and expansions.

Ontario dominates at the regional and municipal level

The report also places five Ontario locations among its list of Canada's top-rated regional and municipal economic development groups, namely: Toronto, Ottawa, Mississauga, Waterloo and Windsor-Essex. The selection criteria were based on project data, regional partnerships, proactive and innovative programming as well as quality data and web tool resources. Meanwhile, Ontario locations including Barrie, Guelph, Hamilton, Kingston, London and Niagara received honourable mentions.

Top talent is drawing global players to Ontario

"We have a very well educated talent pool, good universities and we're recruiting the best and brightest people from around the world," Canada's Ambassador to the United States, David MacNaughton, told Site Selection magazine. MacNaughton goes on to mention the importance of Canada's new Global Skills Visa program, which offers a two week processing time for international recruitment of skilled workers to high-growth companies.

Related: Last year, Toronto created more tech jobs than New York City and San Francisco combined

Most liveable = most investable

Research shows businesses thrive in healthy environments, and Site Selection magazine's research also suggests the most liveable locations tend to be the most investable. With three of the world's top five most liveable cities located in Canada, it's no surprise that Canada is also a top location among investors.

Market access to North America and Europe

In addition to direct market access to a North American market of 470 million people and its $20 trillion economy, beginning September 21, 2017, companies based in Canada will enjoy access to the $17 trillion European economy through the Canada-EU Comprehensive Economic Trade Agreement (CETA).

Site Selection magazine's report on Canada's best locations for investment names just a few of the reasons businesses are choosing to establish and expand their businesses in Ontario.

And now that the Invest in Ontario is running full swing, there's no telling how many awards are in the province's future.

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September 15, 2017
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