guelph economic development
TRANSCRIPT
1
PROSPERITYBY DESIGN:The Business Case for Guelph
1h1.5h
3h
INTERNATIONAL AIRPORT
BORDER CROSSING
RAIL TRANSIT
PORT
UNIVERSITY
HIGHWAY
ONTARIO
NEW YORK
OTTAWA
KINGSTON
TORONTO
KITCHENER/WATERLOO
BARRIE
GUELPH
HAMILTON
LONDON
WINDSORDETROIT
CLEVELAND
BUFFALO
PITTSBURGH
NIAGARA FALLS
NIAGARA FALLS
EVERYWHEREFROM HERE you can do business
INDUSTRIAL STRUCTURE BY EMPLOYMENT 37,087 Professional, Scientifi c & Technical 22,445 Advanced Manufacturing 11,537 Retail & Service 8,803 Agri-innovation 6,829 Culture & Entertainment 6,099 Distribution, Warehousing & Wholesale 2,524 Information & Communication Technology 1,433 Clean TechnologySource: EMSI Analyst, 2014
In Guelph, you’ll fi nd a competitive edge thanks to our unique combination of people, resources, entrepreneurial spirit and global business outlook.
It’s the place of choice for businesses that are going places.
Guelph is within a day’s drive of 40 per cent of North America’s population.
Daily two-way goods trade between
Ontario-U.S. valued at $766 million
*Data for the region includes the census metropolitan areas (CMA) of Guelph, Kitchener-Cambridge-Waterloo, and Hamilton.
DEMOGRAPHICSPopulation of Guelph CMA: 141,000
Population in region*: 1,500,000Labour force in Guelph CMA: 92,000
Labour force in region*: 800,000Number of businesses in Guelph CMA: 11,600
Average household income for Guelph CMA: $83,000
pronounced [gwelf]
GUELPH
2
As Mayor, it is my pleasure to welcome you to our city. I can assure you that we recognize and value the jobs, economic growth and community building that new businesses bring. Our local government is strongly committed to supporting business, and our city will be there for you every step of the way. Guelph is often described as a well-kept secret. Businesses who have located here rave about the city’s central location, skilled labour pool, and quality of life. This city offers the best of both worlds: big-city amenities and opportunities, with the community spirit and neighbourliness you would only expect to fi nd in a small town.
We look forward to sharing our secret with you: showing you how Guelph is the ideal place for your business to thrive and delivering the support you need to make Guelph part of your success story.
Mayor Cam Guthrie
Sha
i Gil
WELCOME
5
OPEN TO THE WORLD
Your business will have
room to grow and prosper.
Investing in Guelph will place your business in the heart of the North American Free Trade Agreement (NAFTA) zone. Once the Comprehensive Economic and Free Trade Agreement (CETA) comes into effect, businesses in Canada will have assured access to both the North American and European free-trade zones. Imagine the possibilities doing business in a combined market of more than 900 million people that generates about half of the world’s economic output.
Canada is one of the world’s great trading nations: free trade agreements are in effect with 44 countries, and more are being negotiated with expanding markets in Asia and Latin America.
Ontario – the seventh largest economy in North America, with a GDP larger than many countries – is expected to lead economic growth in Canada over the next few years as export businesses benefi t from stronger U.S. growth, a lower Canadian dollar and lower oil prices.
RWDI is an international company with offi ces all over the world. Being headquartered in Guelph,
our access to the U.S. is quite easy, and its central location to border crossings and international airports
is key to servicing our transportation needs.Michael Soligo
CEO, RWDI
RWDI is the largest wind and environmental engineering fi rm of its kind, with 15 offi ces world-wide. Their plans for signifi cant expansion over fi ve years will
be focused in Guelph and will double their current staff complement.
THE STABLITY YOU NEED FOR LONG-TERM BUSINESS SUCCESS.Guelph’s diverse economy is marked by steady growth with few fl uctuations in employment levels, built upon Canada’s reputation for stability and its robust banking system.
The World Economic Forum has ranked Canada’s banking system as the soundest in the world for seven consecutive years.
ONTARIO IS A TOP DESTINATION FOR FOREIGN INVESTMENT (FDI), OUTPERFORMING ALL CANADIAN PROVINCES AND U.S. STATES.
CALIFORNIA TEXASSOUTH CAROLIN
A
VIRGIN
IA
NEW YORK
TENNESSEEQUEBEC
LOUISIANA
ILLINOIS
$7B $6B $4B $4B $3B $3B
ONTARIO
Top 10 FDI Leaders in North America (2014)
Finance Canada, April 2015
$2B $2B $2B $2B
6 7
In Force
Concluded
Canada’s Free-trade Agreements
COMMITTED TO KEEPING IT THAT WAY: the City of Guelph connects businesses with senior levels of government and identifi es funding and support programs designed to help make your business more competitive.
COST ADVANTAGE
Ontario’s combined federal and provincial corporate tax rate is lower than the average federal-state tax rate in the United States, and lower than the G20 average.
THAT’S RIGHT: lower than other major investment destinations like New York, California, Florida, Texas and North Carolina, or the UK, France, or Germany.
Plus, Canada has the lowest overall tax rate on new business investment in the G7.
OUR LABOUR COSTS ARE ALSO AMONG THE
LOWEST IN THE DEVELOPED WORLD,
SECOND LOWEST IN THE G7.
And thanks to our universal health-care system, Ontario employers benefi t from health-care costs that are half of what they would be in the United States.
Reap the rewards of Ontario’s low-cost, low-tax environment.
LOWER COSTS+ LOWER TAXESHIGHER PROFITS
8 9
TAX RATE ON NEW BUSINESS INVESTMENT, 201540
35
30
25
20
15
10
5
0
Japa
n
Fran
ce
U.K
.
Ger
man
y
Italy
Can
ada
OEC
D A
vera
ge
37.334.7
31.228.6
26.5
19.0
Per
cent
age
17.520.2
U.S
.
(exclu
des C
anad
a)
$89,038
$125,000
$100,000
$75,000
$50,000
$25,000
$0
Japa
n
Fran
ce
U.K
. Ger
man
y
Italy
Can
ada
U.S
.
AVERAGE LABOUR COSTS (per employee)
Source: KPMG Competitive Alternatives, 2014
INNOVATIVE AND ENTERPRISING
Guelph promotes an entrepreneurial culture where new ideas fl ourish. We’re home to some of the world’s most innovative companies in key growth sectors including agri-innovation, advanced manufacturing, and clean technology.
We’ll help bring your big ideas to the world.
A HOTSPOT FOR RESEARCH AND DEVELOPMENT
INNOVATION DRIVES GROWTHStrong support for R&D creates an innovation ecosystem that attracts top talent, including leading scientists with ahead-of-the-curve ideas. With several of Canada’s best universities, including the University of Guelph, right on your doorstep, the opportunities for collaboration in Guelph are as boundless as your vision.
MORE THAN $14 BILLION IS SPENT ON R&D EACH YEAR IN ONTARIO. A wealth of programs and services is available to support businesses in a variety of areas including research, training programs, commercialization and
technology transfer, and more.
Your business will benefi t from the most generous R&D tax credits of any G7 country.
We live in a time where the fast-paced change of information and knowledge is making research
ever more important. The University of Guelph is a hub for research and a wonderful
platform for continued partnerships between our researchers and the business sector.
Dr. Franco Vaccarino President and Vice Chancellor, University of Guelph
10 11
Source: EMSI Analyst, 2014
GUELPH BUSINESSES9,000
7,500
6,000
4,500
3,000
1,500
02009 20142013201220112010
Source: EMSI Analyst, 2014
GUELPH JOBS90,000
75,000
60,000
45,000
30,000
15,000
02009 20142013201220112010
8,14989,179
NSF International broke ground on a 25,000 square foot Canadian hub located at the heart of the Ontario Food Cluster in the University of Guelph’s Research Park.
A TOP DESTINATION FOR NEW IMMIGRANTS.Ontario attracts nearly half of the people who move to Canada each year. One in fi ve Guelph residents is an immigrant to Canada, and 67% of new immigrants to the region have a post-secondary degree.
TALENT ABOUNDS
MAJOR EMPLOYERSPRIVATE EMPLOYERS
> Linamar Corporation > Cargill Meat Solutions > Polycon Industries > The Co-operators > Guelph Tool Inc. > Blount Canada Ltd.
PUBLIC EMPLOYERS > Upper Grand District School Board > University of Guelph > Wellington Catholic District School Board > Guelph General Hospital > Ontario Ministry of Agriculture
and Rural Affairs
92,000Guelph labour force
435,006Post-secondary students and graduates within a
one-hour drive of Guelph
Labour force in region*800,000
*Data for the region includes the census metropolitan areas (CMA) of Guelph, Kitchener-Cambridge-Waterloo, and Hamilton.
Expertise you can rely on
Being centrally located in Guelph provides NSF-GFTC with prime access to the
professional and skilled labour we need to remain competitive in a global marketplace.
Petra Schennach Global Managing Director, NSF International, NSF GFTC
Source: Guelph BR+E Business Visitation and Survey, 2014.
of Guelph businesses surveyed said the stability of the workforce is78%
GOOD TO EXCELLENT
In today’s economy, access to global talent is critical to meet the growing demand for the technical skills that fuel growth. The region’s highly educated and skilled labour force coupled with Guelph’s central location and commuter links provide employers with ready access to the employees they need.
12 13
PARTNERS IN BUSINESS PRIMED FOR OPPORTUNITYWorking with local and regional partners, the City of Guelph continues to lay the groundwork for business success through initiatives such as:
> developing and marketing over 200 acres of new employment lands in the Hanlon Creek Business Park
> strategies that are revitalizing the city’s downtown core with new residential and commercial development
> expanding regional transportation options for commuters and employers
> award-winning programs to address the needs of local businesses and support economic growth
> building investment capacity by encouraging private-sector brownfi eld development
> strengthening partnerships with the region’s post-secondary institutions to focus on the needs of business
Fusion Homes started development on The Metalworks, Guelph’s largest mixed-use brownfi eld condominium development. This project works toward many of the targets of Guelph’s downtown growth plan.
As far as complexity goes, our project was a nine out of 10. We found that every time we approached staff it
was a very collaborative experience. We had the ability to sit down and solve problems together. Without that, we would likely still be years away from breaking ground.
Lee PiccoliCEO, Fusion Homes
Your success is our success.Guelph is a city open to new ideas, proud of its tradition of collaboration and supporting new development opportunities.
What is unique to Guelph is that you don’t just get an individual or a single organization looking after your interests, you have an entire team. So whether it’s
connecting you with opportunities beyond our borders or locally, you have a cluster approach
to support the growth of your business. Kithio Mwanzia
President and CEO, Guelph Chamber of Commerce
The Metal Works Development
Hanlon Creek Business Park
15
THE GUELPH VIBE
POPULATION GROWTH CITY OF GUELPH
170,000
150,000
130,000
100,000
90,000
70,0001991
87,976
1996
95,821
2001
106,170
2006
114,943
2011
121,688
2031 proj.
169,000
Source: Statistics Canada, 2011
Although our new location in Guelph is within commuting distan ce of our previous offi ce, many of our employees
chose to move their families to Guelph because of its reputation as a great place to live. The City of Guelph
did a fantastic job in helping our employees and their families transition to their new home.
Ernie SweeneyPresident and CEO, Würth Canada
With the population expected to grow steadily to an estimated 169,000 by 2031, the City of Guelph will continue working with private and public sector partners to fuel Guelph’s business potential.
We’re one of Canada’s safest cities, one of its smartest, and its volunteer capital. We’re rich in culture and history, architectural heritage and natural, open spaces. Our residents enjoy a combination of big-city amenities and small-town ambience.
You CAN have it all.
THE LIFESTYLEFrom family-friendly suburbs to upscale condo living in the downtown core, Guelph offers a full range of housing and lifestyle options for all income levels.
One of Canada’s most liveable cities
THE EDUCATIONAL SYSTEMGuelph schools offer a full range of unique and innovative educational programs to suit a variety of needs from pre-school to post-secondary.
Walkable, transit-friendly neighbourhoods enhance the city’s economic and social vitality.
With abundant parklands and miles of trails to explore, no matter where you live in Guelph, nature is right outside your door.
The city’s thriving cultural scene features renowned music festivals, art galleries, theatre, and fi ne restaurants — there’s something for everyone just about every day of the week.
The University of Guelph is consistently ranked as one of Canada’s top universities.
The University of Waterloo and Wilfrid Laurier University are also nearby in Waterloo, and fi ve other major universities are within an hour’s drive of Guelph.
Guelph employers also tap into the many career-focused programs and apprenticeship training opportunities at Conestoga College, one of Canada’s leading polytechnic institutions.
Würth Canada moved its Canadian head offi ce to Guelph’s Hanlon Creek Business Park to take advantage of the abundance of available land and access transportation corridors.
16 17
Gad
fl y D
ance
Com
pany
Guelph’s prosperity is by design. Since founder John Galt laid out his vision in 1827, Guelph has fl ourished through thoughtful planning and community engagement.
The City’s economic development strategy creates an investment-friendly climate that continues to add value to our social, economic and environmental assets.
By working with the business community to create new investment opportunities, Guelph is building the connections that will continue to sustain our city and its enterprises in years to come.
PLANNING FOR THE FUTURE
18
The City of Guelph’s economic development offi ce is here to help your business succeed by providing:
> site location analysis, with a range of available City-owned and private lands and buildings to suit your needs
> assistance with expansion projects > advice and referrals to senior government organizations
and funding agencies
We recognize that every business is different and we’re committed to fi nding solutions that meet your specifi c needs. Contact our offi ce to start the conversation – we look forward to hearing from you!
Copyright 2015. City of Guelph. This material is the sole property of City of Guelph and may not be reused or modifi ed without express written permission.
Guelph Economic Developement City of Guelph
1 Carden StreetGuelph ON
N1H 3A1
guelph.ca/biz
Data source information 519-822-1260 x 2823