Halton welcomes more than 4,000 new jobs in 2016
Whether you’re running a multi-national company, opening a small business or looking for employment opportunities closer to home, Halton Region has proved, once again, that our region is a highly attractive location to live, work and invest. The latest statistics from the 2016 Economic Review indicate that continued investment and economic development led to 4,000 new jobs being added to the local economy.
Attracting business investment, supporting business start-ups and creating new jobs is more than just about the numbers – it’s about planning for a balance of business development, growth and sustainability to ensure a high quality of life for all, and providing meaningful employment opportunities in the community for our highly skilled residents.
Still, the numbers are impressive. Here are some statistics that point to our successes in job growth and business development in 2016:
- 4,273 new jobs created in 2016.
- Halton is home to 15 of the top 500 fastest growing companies in Canada in 2016:
- ABL Employment
- Acorn Global Investments
- Astound Group
- Burlington Merchandising & Fixtures
- Dynamic Connections
- Javelin Technologies
- MarkIT Staffing Solutions
- Mico Systems
- Rock Star Real Estate
- Rock Universe (Blue Rays)
- Secure Sense Solutions
- Three O Four
- Halton’s unemployment rate is 5.5 per cent which is lower than the GTA, Ontario and Canadian averages of 7.0 per cent, 6.6 per cent and 7.0 per cent, respectively.
- $832.5 million invested in institutional, commercial and industrial construction, an increase of 21 per cent since 2015, with an average annual increase of 19 per cent over the last decade.
- $368.5 million invested in new commercial construction in 2016, an increase of 33 per cent since 2015.
- 42 per cent increase in institutional development since 2015; 73 per cent increase over the last decade.
- $2.14 billion worth in new building permits – a record-setting year.
These figures tell us an important story – businesses continue to invest in Halton Region and we continue to grow. With low taxes, easy access to major markets and commitment to building a healthy and complete community, Halton has what every business is looking for and offers a place where employees feel at home.
To learn more about our economic success, job growth or to read the 2016 Economic Review visit halton.ca/invest.
As always, if you have any Regional concerns or comments you would like to share, please feel free to email me at email@example.com. You can also find me on Twitter @garycarrhalton, LinkedIn or Facebook. To receive further updates on Regional issues, please subscribe to my quarterly e-newsletter, “The Carr Report”.