Mississauga named one of Canada’s top 20 business locations for fifth-straight year
Published September 2, 2021 at 3:40 pm
When it comes to business, Mississauga really knows it’s business.
So says Site Selection magazine, which for the fifth-straight year has ranked Mississauga among the top 20 best locations in Canada on that front.
The City of Mississauga’s Economic Development Office is highlighted alongside other top groups from across the country in the U.S.-based magazine’s September issue. The recipients, who also include groups in Brampton, Oakville, Hamilton, Toronto and Niagara Falls, are not ranked one through 20, but instead listed collectively as among Canada’s best.
“Our ranking confirms Mississauga is a great place to invest and do business,” said Mayor Bonnie Crombie. “We are a magnet for businesses looking to invest and home to a high-skilled workforce. More people come to Mississauga to work each day than leave to work elsewhere. That speaks volumes to our Economic Development Office’s efforts in creating an environment where businesses of any size can prosper, grow and thrive.”
Crombie added the city’s strategic location and highly skilled and talented workforce are unmatched, an advantage that both attracts and retains businesses that set up shop here.
The rankings are based on corporate end-user facility investment, job creation data and the magazine’s own research.
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The results are based on data from April 1, 2020 to March 31 of this year, and criteria includes: number of new facilities and expansions per capita; project capital investment per capita; job creation per capita; and subjective analyses of website resources, programming and outreach efforts.
“Receiving this recognition from Site Selection is rewarding,” said Bonnie Brown, the City of Mississauga’s director, economic development. “The Economic Development team, with the support of Council, remains committed to serving our business community by offering programs and resources needed, while at the same time continuing to build upon the strategic priorities that will guide the city’s path towards sustained economic prosperity.”
In recognizing Mississauga, Site Selection quoted Citibank Canada CEO John Hastings, who commented in May on news that Citi would add 60 new jobs to its Mississauga team of 2,000 as part of making the site a strategic hub for the company’s North American Internal Audit organization.
“The high level of talent here is well regarded throughout Citi’s global network, as evidenced by our recent growth in technology roles that support our operations around the world,” said Hastings.
Recent projects at Roche, Pepsico, GE and McKesson were also noted by the magazine, as was Moderna’s decision in August to build a new Canadian plant in Mississauga.
Site Selection also listed a small group of companies that has made recent investments in Mississauga and recognized the Economic Development Office for its resources and support provided during the pandemic.
Site Selection magazine is headquartered in Atlanta, and for more than 60 years has advised corporations, and government economic development and investment promotion agencies around the world.
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