Mississauga ranks in top 20 best places for business and investment in Canada

Mississauga has once again ranked as one of the best places for business and investment in Canada.

Invest Mississauga, the city’s economic development division, is on Site Selection Magazine’s list of Canada’s top 20 economic development groups. Site Selection Magazine evaluates regions and municipalities on key economic indicators, including frequency of corporate investments, capital spending and job creation.

This marks the ninth consecutive year for the national recognition.

“Invest Mississauga is proud to once again be recognized by Site Selection Magazine as one of Canada’s top locations for business and investment,” said Mississauga Mayor Carolyn Parrish.

“As the second strongest economy in Ontario, we are always looking for ways to support our business community. This recognition reinforces that we’re on the right track. With more than 100,000 companies, Mississauga is a top destination for businesses, jobs and investment, and we look forward to continuing to grow and strengthen our community.”

Site Selection notes recent Mississauga projects—HD Hyundai Construction Equipment North America ($18 million), Regeneron Canada Company, AstraZeneca, Hoffmann-La Roche ($96 million), Sun Pharmaceutical Industries Limited ($29 million)—as a reason for the ranking.

AztraZeneca, a global pharmaceutical and biotech company, is investing $820 million in Mississauga, and creating 700 high-skilled jobs with an expansion in the city.

“The City of Mississauga ranked highly this year, with over 59 projects, $1.7 billion in investment dollars and 3,599 jobs created,” Site Selection said on its website, adding that the city’s economic development department launched Invest Mississauga, a new brand for its economic development division.

“Mississauga also received a AAA credit rating in September 2024 from Standard & Poor’s Ratings Services for the 21st year in a row — a result of the City’s very strong financial management practices and proven budgeting process,” Site Selection said. “The city is also set to become Ontario’s first municipality to pilot hydrogen fuel cell electric buses within its transit fleet. Energy infrastructure is also on the docket in Mississauga, as a new district energy system in Lakeview Village broke ground in October 2024, with the city and the Region of Peel partnering with Lakeview Community Partners and Enwave Corporation on the undertaking. When the district energy system in Lakeview Village is fully operational, it will be the first of its kind in Ontario and the largest in Canada.”

Other projects include:

• Electrovaya, a lithium-ion battery technology and manufacturing company, is receiving $2 million in federal funding for upgrades at its Mississauga facility.
• Roche Canada, a Swiss multinational healthcare company, announced an investment of more than $130 million in partnership with Invest Ontario and the Government of Ontario, which will create up to 250 new highly skilled, technical jobs.
• e-Zinc, a company that specializes in a zinc-based, long-duration energy storage solution, opened its new 42,000 square foot pilot manufacturing facility in Mississauga.
• Synechron, an international digital transformational consulting firm, opened its new delivery centre in Mississauga to support its expansion across North America.
• Kyowa Kirwin, a prominent Japanese pharmaceutical company, officially opened the doors to its first Canadian office in Mississauga.
• Eurofins CDMO Alphora Inc. announced the construction of a new GMP Biologics manufacturing facility in Mississauga to manufacture monoclonal antibodies and protein therapies, with support from the Federal government of Canada.
• Zeb, an AI-powered digital transformation strategy company, announced its expansion into the North American market with a new office in Mississauga.

Nearby southern Ontario cities also on the Site Selection list include Hamilton, Brampton, Brantford, Oakville and Toronto.

See the full list here.