Oakville one of Canada’s best locations to invest in, says business magazine
Published September 17, 2021 at 12:33 pm
When it comes to looking for a place to invest, Oakville remains near the top of the list in Canada.
For the third year in a row, the town was listed in the top 20 of Canada’s Best Locations for new investment by Site Selection Magazine, an international business publication covering corporate real estate and economic development.
Significant investment and facility expansions at existing companies as well as new company arrivals have helped Oakville remain a top choice for investors.
“Oakville is the living proof that livability attracts great businesses and drives economic development,” said Oakville Mayor Rob Burton.
Between April 2020 and March 2021, Oakville welcomed BDO Canada, Samuel Son & Co., BMO Financial Group, and Kerr’s Candy to the town and saw facility expansions at Habasit Canada Ltd., Media Resources, Virox Technologies Inc., Zeton Inc. and Grundfos Canada Inc.
These investments created approximately 1,000 jobs, supporting the town’s local economic recovery and future growth.
Most notably, Ford Motor Company of Canada made an announcement in September 2020 to invest $1.8 billion to transform its Oakville Assembly Complex from an internal combustion site to also become a battery electric vehicle (BEV) manufacturing facility, starting in 2024.
“New investment continues to play a key role in bringing competitive edge and resiliency to the town’s economy, ” said Dorothy St. George, Director of Economic Development and Corporate Strategy.
“We encourage companies to learn more about what makes Oakville the community where companies want to locate.”
Visit Site Selection Magazine’s – Canada’s Best Locations to see the full results and more information about the rankings.