View
214
Download
0
Category
Tags:
Preview:
Citation preview
City of Mississauga
2009 Economic Overview
Mississauga SummitPost Secondary Education Task Force
What we do …
Economic Development Office (EDO) – Business attraction & retention– Business analysis & information– Issue resolution/partnerships– Small business start-up, info and guidance
[MBEC]
Mississauga Highlights
• Canada’s 6th largest city
• 3rd largest in Ontario
• Population 730,000 growing to 840,000
• Debt-free. Approx. $546 million in reserves
• AAA credit rating from S&P - 5 years in a row
• “Canada’s safest city” for 8th year in a row
• Canada’s largest and busiest airport, Toronto Lester B.
Pearson International Airport
• Top 5 North American Large Cities for Best
Foreign Direct Investment Strategy
Mississauga Business Community
• Over 55,000 businesses
• Employing more than 453,000
people
• Net importer of labour
• A broad and diverse range of
industries
• 1,300 multinational companies
USA 804
Germany 98
United Kingdom 82
Japan 76
France 41
Switzerland 36
Sweden 21
Italy 21
China 13
Denmark 14
The Netherlands 16
International Companies in Mississauga
Mississauga Businesses by Employment
Range of EmployeesTotal %
Non-Retail BusinessesTotal %
Employees
1 – 9 59.0 8.6
10 -19 16.3 8.1
20 - 49 12.8 14.3
50 - 99 5.4 13.8
100 - 299 3.7 22.2
300 - 499 0.7 10.2
500 - 999 0.3 8.2
1000+ 0.2 14.6
Total 100.0 100.0
Distribution of Non-Retail Businesses by Employment Range
Source: 2009 Mississauga Business Directory
47 Canadian-based top 500 Companies with Head Office in Mississauga
61 US Fortune 500 Companies with
Canadian Head Office in Mississauga
50 Fortune Global 500 Companies with Canadian Head Office in Mississauga
28 Top 100 Canadian Innovation Leaders in Mississauga
BCE [Bell Canada] Pratt & Whitney AECL [Atomic Energy of Canada Ltd.] Bombardier GSK [GlaxoSmithKline Research in Motion Ericsson Pfizer Biovail AstraZeneca Novartis CGI Wyeth Honeywell
MDS Pharma Mitel Network Cangene Petro-Canada Vasogen Emergis Psion Teklogix Xerox EXFO CNC Electronics ratiopharm Azure Dynamics Teck Cominco Metals Xstrata Technology
Source: RE$EARCH Infosource Inc., 2007 - Mississauga Business Database
Target Growth Sectors
Life SciencesLife Sciences Finance/ Finance/ Insurance Insurance
& RE& RE
Information & Information & Communication Communication TechnologiesTechnologies
Auto/AeroAuto/Aero
Recent Announcements/Openings
• Cyclone Manufacturing, 90,000 sq. ft. expansion,133 new jobs
• Takeda, Japanese Pharma., Canadian H.O. 25,000 sq. ft.
• Amgen, Bio-pharma, Canadian H.O., 57,700 sq. ft., 170 employees
• Fronius Canada Ltd., Canadian H.O., 22,000 sq. ft.
• Sheridan College, New Mississauga Campus
• University of Toronto Mississauga, 130,000 sq. ft. expansion
• Voith Hydro, Expansion, new high-tech manufacturing facility
• Microbix Biosystems, H.O. and manufacturing
• Bank of Montreal, 250,000 sq. ft., 1,600 employees
• Research in Motion, Software Development Centre, 270,000 sq. ft.,
• Wind Mobile, Call Centre, 100 + employees
Value of Building Permits 2005 - 2009
$0.4
$1.12$1.2$1.05$1.10
$0.0$0.2$0.4$0.6$0.8$1.0$1.2$1.4$1.6$1.8$2.0
2005 2006 2007 2008 2009*
Industrial / Commercial
Residential / Other
Bil
lio
ns
$ in billions
*January- July 2009
City’s New Strategic Plan
Our Vision for the Future
Mississauga will inspire the world as a dynamic and
beautiful global city for creativity and innovation, with
vibrant, safe and connected communities; where we
celebrate the rich diversity of our cultures, our historic
villages, Lake Ontario and the Credit River valley.
A place where people choose to be.
Strategic Pillars for Change
The Focus of Economic Development
• Develop Talent
• Attract Innovative Business
• Meet Employment Needs
• Strengthening Arts and Culture
• Create Partnerships for Innovation
Going forward …
• Economic Development Strategic Review 2010
Recommended