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City of Mississauga 2009 Economic Overview Mississauga Summit Post Secondary Education Task Force.

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Presentation on theme: "City of Mississauga 2009 Economic Overview Mississauga Summit Post Secondary Education Task Force."— Presentation transcript:

1 City of Mississauga 2009 Economic Overview Mississauga Summit Post Secondary Education Task Force

2 What we do … Economic Development Office (EDO) –Business attraction & retention –Business analysis & information –Issue resolution/partnerships –Small business start-up, info and guidance [MBEC]

3 Mississauga Highlights Canada’s 6th largest city 3 rd 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

4 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

5 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

6 Mississauga Businesses by Employment Range of Employees Total % Non-Retail Businesses Total % Employees 1 – 959.08.6 10 -1916.38.1 20 - 4912.814.3 50 - 995.413.8 100 - 2993.722.2 300 - 4990.710.2 500 - 9990.38.2 1000+0.214.6 Total100.0 Distribution of Non-Retail Businesses by Employment Range Source: 2009 Mississauga Business Directory

7 47 Canadian-based top 500 Companies with Head Office in Mississauga

8 61 US Fortune 500 Companies with Canadian Head Office in Mississauga

9 50 Fortune Global 500 Companies with Canadian Head Office in Mississauga

10 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

11 Target Growth Sectors Life Sciences Finance/ Insurance & RE Information & Communication Technologies Auto/Aero

12 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

13 Value of Building Permits 2005 - 2009 Billions $ in billions *January- July 2009

14 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.

15 Strategic Pillars for Change

16 The Focus of Economic Development

17 Going forward … Economic Development Strategic Review 2010


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