Halton’s Economic Review sees strong real estate and business investment in the Region

Halton’s unemployment rate dropped to 4.7% in 2013

Halton’s Economic Review sees strong real estate and business investment in the Region
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About the Author

Gary Carr

Gary Carr

In 2006, Gary was elected to the position of Regional Chair at the Regional Municipality of Halton, and was re-elected to the position in 2010. Gary sits on the Standing Committees of Health and Social Services, Administration and Finance, and Planning and Public Works, in addition to a number of Advisory Committees. Gary is also a member of the board for the Greater Toronto Marketing Alliance, and served on the Halton Regional Police Services Board and Metrolinx.

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Halton Region’s 2013 Economic Review paints a positive picture of Halton as a location of choice for business and highlights the significant real estate and business investment in the region. It also illustrates the tremendous growth in non-residential development in Halton over the past several years.

Businesses want to be in Halton. Whether it’s a professional office, a manufacturing facility or distribution warehouse, Halton offers the right mix of competitive taxes, a strong sustainable economy, an investment in infrastructure, including $289 million in roads alone, favourable business costs, proximity to market, talent availability, excellent services and quality of life.

Highlights from the 2013 Economic Review include:

·        Halton’s unemployment rate dropping to 4.7% in 2013, significantly lower than the rest of the Greater Toronto Area and Ontario;

·        New businesses, such as Toronto Premium Outlets Mall, Gypsum Technologies, Amazon.com, David Roberts Food, UPS Canada and Lowes Canada, opening their doors in Halton, creating more than 1,000 new jobs;

·        Halton seeing a confident business outlook, with 91% of Halton businesses surveyed anticipating economic conditions in Halton improving or remaining the same over the next year;

·        Ford Motor Company’s announcing its $700 million investment at its Oakville assembly complex, securing 2,800 jobs; and

·        Halton remaining a cost competitive location within the Greater Golden Horseshoe area for new industrial and office development.

Please visit www.halton.ca/economicreview for more information on Halton Region’s 2013 Economic Review or to see first-hand how Halton’s strong economy, transportation networks, collaborative communities and more are keeping Halton a great place to live and work.

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