This year’s Site Selection magazine Canadian Competitiveness Award goes to the province of Ontario, based upon data derived from tracking new corporate facilities and expansions. In addition to the province taking the top spot, Ontario cities claimed 9 out of 20 of Canada’s Best Locations. Ontario places first for the fourth consecutive year Ontario’s commitment to red tape reduction was a primary factor recognized by Site Selection magazine, as the province has committed to reducing regulatory requirements affecting businesses by 25% by 2020. The Canadian Federation of Independent Businesses also took notice, giving the province an A- grade on its Red Tape Report Card, up from a C+ last year. Ontario’s 10-year Driving Prosperity auto plan addressing competitiveness, innovation, and talent in the auto industry was also highlighted as a factor in the rankings. Ontario’s cities are open for business Ontario cities named among the best locations for business in Canada include: Hamilton Kingston London Mississauga Oakville Sarnia-Lambton Toronto Waterloo York Region International investors choose Ontario Toronto garnered much attention last year for its spot on the Amazon HQ2 shortlist, something that opened the door to many international companies considering the Toronto region, including Netflix and Qualcomm. Other major international investments in Ontario the past year have included expansions from Toyota, UPS, and Mondelez International. And investment in the province has extended well beyond the GTA, as Waterloo alone has received $3 billion in international investment the past few years. Site Selection points out that 1 in 8 Canadian jobs are for multinational enterprises, making international investment critical for job growth.
spotlightsOntario Investment RoundupYear after year, we have seen billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada.... 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 storiesLEGOLAND Discovery Centre Toronto: building its brand, brick by brickThe first and only LEGOLAND in Canada is strategically situated in the densely populated, highly diverse, leading tourism destination of Toronto, Ontario.... 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.... spotlightsNextStar EV battery plant making stunning progress in Windsor, OntarioStellantis and LG Energy Solution’s joint venture NextStar Energy is taking shape in Windsor, Ontario.... InterviewDIE WELT - Börsen-Podcast: Investing in Ontario’s Auto SectorIn an interview with DIE WELT journalist Laurin Meyer, Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade discusses the province’s plans to become a... Press ReleaseOntario, Canada promotes key sectors during trade mission to New York CityThe Ontario government has concluded a successful business mission to New York City to promote the province’s financial services, information technology and life sciences sectors,...
