Hamilton Economic Development

Hamilton Highlights Newsletter – April 2018

In the April edition of Hamilton Highlights…

  • Are You One of the Fast 40?
  • Success Makers
  • Raise the Barcode
  • Meet the Future of Ontario’s Advanced Manufacturing Supercluster
  • Hamilton Welcomes Ontario Chamber of Commerce to the City
  • Art as an Economic Driver

Click here to read the April 2018 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

ICF judge lauds Hamilton’s collaboration

Robert Bell toured the city to assess whether it is the most “intelligent” in the world.

A judge who toured Hamilton to determine whether it is the most “intelligent” community in the world said the city is an “astounding” place and its citizens recognize that.

“There’s a real pride here,” said Robert Bell, co-founder of the Intelligent Community Forum, a U.S.-based think tank founded 15 years ago that studies and promotes the world’s best cities and how those models can be reproduced elsewhere.

“The number of people I’ve talked to who’ve said, ‘I’m a lifelong Hamiltonian, and boy this is just the greatest place on the planet.'”

“That’s what I expect to hear in an ‘Intelligent Community,'” he added.

Bell spent two-and-a-half days this week touring the city, which made ICF’s top-seven list last fall after first making the Smart 21 list the year prior.

He made several stops, including at Hamilton’s Central Library, McMaster University and Mohawk College.

Bell, who called the library “very impressive of its kind”, noted it is “the nerve centre for collaboration” when it comes to organizations working with at-risk youth, newcomers and seniors by introducing them to technology, opportunity and education.

“They have successfully redefined themselves not as a place with books but as a place that’s about knowledge,” he said.

As for McMaster and Mohawk, he noted the connection between the university and college is “world class.”

“The deep collaboration between those two institutions happens almost nowhere,” Bell added.

Rob McCann, president and founder of Clearcable — one of the founding private sector members of ICF Canada — stressed the competition is not about technology but how these advancements can make things better for citizens.

Being in the running for “Most Intelligent Community” isn’t just about trying to achieve the designation, it’s about the steps the community takes to try and get there, he added.

“The journey is discovering what you have in your community and then promoting that to everybody else.”

Now that Bell has finished his tour, he will write a report about his experience that will be passed on to an international jury. From there, they will rank the seven communities, and ICF’s “Intelligent Community of the Year” will be revealed in June in London, England.

Some of the factors the judges consider is broadband infrastructure, a knowledge workforce, digital equality, sustainability and advocacy.

In addition to Hamilton, the other contenders in the top seven include Chiayi City, Taiwan; Espoo, Finland; Ipswich, Australia; Tainan City, Taiwan; Taoyuan, Taiwan; and Winnipeg, Manitoba.

The competition is tough, said Bell, but after visiting Hamilton, he believes it is an “incredibly impressive place.”

“I don’t know many other cities of a half million people … who are in your class,” he said.

Article courtesy of Natalie Paddon, The Hamilton Spectator

Hamilton Highlights Newsletter – March 2018

In the March edition of Hamilton Highlights…

  • Fraunhofer Makes It Official
  • Food and Beverage Excellence in Hamilton
  • Supercluster Win for Hamilton
  • Competition Season in Hamilton
  • Be Part of the Supply Chain

Click here to read the March 2018 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

Hamilton Highlights Newsletter – February 2018

In the February edition of Hamilton Highlights…

  • Government Funding for New Markets
  • Hamilton Named One of the Top 7 Intelligent Community in the World
  • Clearcable Networks Part of Hamilton’s “Intelligent Community”
  • Success in the City Day Away
  • Hamilton Wins Again
  • It’s Game Time in Hamilton

Click here to read the February 2018 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

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 Highlights Newsletter – January 2018

In the January 2018 edition of Hamilton Highlights…

  • Time for the EmployerOne Survey
  • Funding Available for PHD Research
  • Tourism Hamilton Welcomes Signature Events to the City in 2018
  • Your Firm May Benefit from Canada’s Global Skills Strategy
  • Hamilton Companies Win Top Honours

Click here to read the January 2018 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

Hamilton’s airport is the fastest growing in Canada

With a jump in passenger traffic of 80 per cent last year over 2016, John C. Munro Hamilton International has become the country’s fastest growing airport.

It handled 599,146 passengers in 2017, up from 333,368 in 2016.

Cathie Puckering, the airport’s acting president and CEO, said she expects continued growth in coming years, thanks to new services for 2018.

John C. Munro Hamilton International also continues to be the country’s largest overnight express cargo airport. In 2017, its cargo volume rose 13 per cent as it asserted itself as a strategic gateway for facilitating goods movement from coast to coast and across the globe.

“This is an exciting time for Hamilton International as more passengers discover the ease and convenience of travelling from Hamilton,” Puckering said in a news release. ” The passengers are originating from Hamilton and surrounding areas including Toronto and beyond thanks to the wide variety of destinations being served.

“Low-cost carriers have opened leisure air travel to millennials and young families which can be seen in our airport terminal daily.”

The airport invested almost $5 million to improve and upgrade facilities in 2017, including projects such as a new covered and heated international walkway, improved and convenient vehicle parking pay stations, rehabilitation of the roadways and runways and renovations to the duty-free location.

Article courtesy of The Hamilton Spectator.

Hamilton Highlights Newsletter – November/December 2017

In the November/December 2017 edition of Hamilton Highlights…

  • Hamilton Breaks $1 Billiob in Record Time
  • McMaster Faculties Partner with Stanford on Digital Cities Program
  • Ship it in Hamilton
  • McMaster Named Canada’s Most Research-Intense University
  • Exporting to the EU? Please join us on December 13th
  • Happy Holidays

Click here to read the November/December 2017 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

Hamilton Highlights Newsletter – October 2017

In the October 2017 edition of Hamilton Highlights…

  • The Amazon Bid is in
  • Stryker Canada Invests in Hamilton
  • Synapse Life Sciences Competition
  • Nix Wins Again
  • Hire an Apprentice
  • Hamilton Health Sciences receives honour for health quality and safety in Ontario

Click here to read the October 2017 Hamilton Highlights newsletter.  If you are interested in signing up for the Hamilton Highlights newsletter, click here.

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




Ranked Canada's most diversified economy, home to Canada's busiest multi-modal cargo airport, the busiest port on the Canadian Great Lakes, and centrally located within a one hour drive to Toronto, Waterloo and the Niagara/US Border, Hamilton is at the center of it all. With two internationally renowned post-secondary institutions in the city (surrounded by 23 other), a diverse and learned workforce and both ample greenfield and urban sites upon which to build, we're ready for your investment.

Welcome to unstoppable.