International organization taps Oakville as a great place to invest

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Published September 1, 2022 at 5:04 pm

An international organization says Oakville is one of the best places in Canada to invest.

Site Selection Magazine, an international business publication covering corporate real estate and economic development, lists Oakville among the top 20 places for businesses to set down roots.

In the last year alone Oakville has become home to several different companies and entrepreneurs such as Amazon, Hilti Canada, HealthPRO, Wiseacre Studios Inc., National Veterinary Associates, and Wolseley. Others such as Dana Canada Corp. Geotab and Spark Power also grew their workforce in the town.

All together, 600 jobs were added to support the local economy.

“The town recognizes the key role new investments play in keeping our economy strong,” said Rebekah Diec Stormes, Director of Economic Development for the Town of Oakville. “We’re here to help companies realize the value and benefits of doing business in Oakville while also providing support services to both new and existing businesses as they choose to locate, expand or build in our community.”

To promote investment, Oakville’s Economic Development department, in partnership with Building Services, implemented a pilot program to provide enhanced service to priority non-residential building permit applications. Three new investment files were successfully supported through the pilot program, bringing new companies to Oakville and generating key sector job growth and new industrial development.

As well as 2022, Oakville made Site Selection Magazine’s Canada’s Best Locations list in 2021, 2020, and 2019.

Mayor Rob Burton is optimistic that companies will continue to be attracted to Oakville.

“More and more businesses are calling Oakville home because of our livability and the opportunities that exist to thrive in our community,” said Burton. “Our pandemic recovery plan continues to attract new investments, fuel economic growth and expansion.”

 

 

 

 

 

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