Amazon, Nokia invest in Hamilton incubator focused on autonomous vehicle research
City conducting annual business employment survey
Hamilton, Mac & law firm Gowling are helping startups make their way in the world
A unique partnership between McMaster University, the city of Hamilton, and an international law firm is aiming to help “start ups” in the city get off the ground and profit.
There are some really cool projects at the McMaster Automotive Resource Centre. Joel Roeleveld is a research engineer with McMaster who says the the partnership could help a lot of local ideas.
“New motors and motor technology we hopefully think will revolutionize high-efficiency and robust motors.”
All used in the creation of hybrid race cars that were built at MARC.
“Those cars are student build cars, 90% of the components are hand built by the students.”
“The one thing that the university has is a lot of great ideas on the we can bring it to a certain stage,” says Gay Yuyitung, and industry liason for McMaster University, “but takes a village to create successful companies.”
That’s where the law firm “Gowling” comes in.
“What we’re trying to do is facilitate connections between those businesses so that they might become aware of McMaster and Hamilton and it’s economy, become it’s customers, suppliers, lenders, with a view to helping this area along.” says Louis Frapporti, managing partner at Glowing WLG’s Hamilton office.
The partnership is in the early stages but already engineers at McMaster can imagine the financial benefits. The end goal of the partnership is to launch new technology from Hamilton, attract business here, and even bring top notch engineers to the city and university.
Article courtesy of CHCH
ICF judge lauds Hamilton’s collaboration
Hamilton deemed among top 7 ‘Intelligent communities in the world’
Take a bow, Hamilton.
According to the Intelligent Communities Forum — a U.S.-based think tank that focuses on digital economic development — our city is more “intelligent” than it used to be. Hamilton has been named one of the top seven “Intelligent Communities in The World.”
That compares to the city being ranked 21st in the year 2016-2017.
“Intelligent communities are those which have — whether through crisis or foresight — come to understand the enormous challenges of the broadband economy, and have taken conscious steps to create an economy capable of prospering in it,” the forum says on its website.
“They are not necessarily big cities or famous technology hubs. They are located in developing nations as well as industrialized ones, suburbs as well as cities, the hinterland as well as the coast.”
Hamilton Mayor Fred Eisenberger says, “What it really means is that we are transforming our economy into a digital economy and our organizations into digital organizations.”
In June, the forum will do a second round of analysis — that includes site visits and voting by an international jury — to determine this year’s Intelligent Community of the Year.
Eisenberger says coming out on top would be a great feather in the city’s cap.
He noted Eindhoven in the Netherlands — that was named the world’s most intelligent community of the year in 2011 — has used the honour as leverage to greatly enhance its economic development.
“We’d like to achieve the same and use that as an economic development tool to attract more positive development and digital capacity and more collaboration and partnerships,” said Eisenberger.
The forum cited Eisenberger’s efforts in forming a “Blue Ribbon Task Force on Intelligent Communities” in late 2016 and the Hamilton Chamber of Commerce Digital Hamilton Project as reasons for including the city in the top seven.
“Hamilton’s recognition among the top seven Intelligent Communities is a testament to the impressive collaboration efforts over the last year between the chamber, the City of Hamilton and key stakeholders on the Mayor’s Blue Ribbon Task Force on Intelligent Communities,” said Keanin Loomis, president and CEO of the Hamilton Chamber of Commerce. “An award of this stature will put us on the national and global spotlight, leading to a greater influx of talent and investment into our community.”
The other cities in the top seven include Winnipeg, Man.; Chiayi City, Taiwan; Tainan City; Taiwan; Taoyuan, Taiwan; Espoo, Finland and Ipswich, Australia.
Article courtesy of Mark McNeil, The Hamilton Spectator
Hamilton’s airport is the fastest growing in Canada
Don’t look now Toronto, but Hamilton just topped $1 billion in new construction in record time
Steeltown is booming as the affordable alternative to Toronto across the real estate spectrum.
Hamilton said Tuesday it reached $1 billion worth of construction in 2017, at the fastest pace in its history, as Steeltown continues to prove itself as an affordable alternative to Toronto across the real estate spectrum.
Hamilton says it hit $1,003,737,444 on Sept. 29 based on 6,606 building projects in the residential, institutional, commercial and industrial sectors. It was the seventh and sixth consecutive time over the past eight years the city has hit the billion dollar mark.
“This record-setting pace of development is further evidence of the continued boom that Hamilton is experiencing,” said Jason Thorne, general manager of planning and economic development with the City of Hamilton.
The $1 billion of activity through nine months of 2017 compares with $797,117,186 in 2016 for the same period of time and $844,597,780 in 2015.
Hamilton’s housing has been booming as people priced out of Toronto continue to look for affordable alternatives. Canada Mortgage and Housing Corp. has singled out Hamilton as one of five markets with strong evidence of overall problematic conditions.
The city has been impacted by Ontario’s 16-point plan to create affordable housing, including a 15 per cent tax non-resident speculation in the Greater Golden Horseshoe, an area that is home to nine million people and includes Hamilton.
The Canadian Real Estate Board reported in September that the average sale price of a home sold in the Hamilton-Burlington area was $580,195 over the first eight months of year, a 20 per cent increase over the same period a year earlier. By comparison, the average Toronto sale price was $846,379 over that same eight-month period, a 16 per cent increase from a year ago.
Canada Mortgage and Housing Corp. said that as of the end of August, 2017, Hamilton has had 1,852 new construction starts which is down from 1,926 a year earlier. There were 1,669 completions over the first eight months, which is up from 1,233 a year earlier. The average single detached home price that has been absorbed into the market climbed to $706,735 from $553,582.
City officials say the record level of construction is beyond just the housing sector and crosses into commercial activity.
“What stands out in 2017 is a positive trend with regards to the industrial and commercial sectors. For example, Hamilton is seeing an over 200 per cent increase in industrial construction value growth compared to the three-year average. This is a significant move in the right direction towards more of the overall city budget coming from the non-residential taxpayer,” said Glen Norton, director of economic development with the City of Hamilton.
Article courtesy of Garry Marr, Financial Post
City sells its technology centre to tenant firm
The city-owned Hamilton Technology Centre (HTC) has been sold to a private company called Clearcable, one of the centre’s tenants.