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