2016 Economic Review points to surge in job growth

2016 Economic Review points to surge in job growth

Release Date: Mar 30, 2017

The 2016 Economic Review was presented to Council on March 29, 2017 and revealed, once again, that Halton is an attractive location for business investment and job growth. A major success highlighted in the review was the 4,000 new jobs created in the region in 2016, which provided more employment opportunities for Halton’s highly skilled labour market.

“The message from this year’s Economic Review is clear – businesses and industries want to locate, start-up and expand in Halton. This is strengthening our economy and adding jobs to our community,” said Halton Regional Chair Gary Carr. “Our commitment to building a strong local economy and providing the supports businesses need to succeed make Halton Region a great place to live, work and do business.”

The annual Economic Review provides an overview of business investment in Halton Region and highlights how the region is performing from an economic development perspective. Here are some of the key economic development successes from 2016:

  • 4,273 new jobs created in 2016.
  • Halton is home to 15 of the top 500 fastest growing companies in Canada in 2016:
    • ABL Employment
    • Acorn Global Investments
    • Astound Group
    • Avnan
    • Burlington Merchandising & Fixtures
    • ClubRunner
    • Dynamic Connections
    • HostPapa
    • Javelin Technologies
    • MarkIT Staffing Solutions
    • Mico Systems
    • Rock Star Real Estate
    • Rock Universe (Blue Rays)
    • Secure Sense Solutions
    • Three O Four
  • Halton’s unemployment rate is 5.5 per cent which is lower than the GTA, Ontario and Canadian averages of 7.0 per cent, 6.6 per cent and 7.0 per cent, respectively.
  • $832.5 million invested in institutional, commercial and industrial construction, an increase of 21 per cent since 2015, with an average annual increase of 19 per cent over the last decade.
    • $368.5 million invested in new commercial construction in 2016, an increase of 33 per cent since 2015.
    • 42 per cent increase in institutional development since 2015; 73 per cent increase over the last decade.
  • $2.14 billion worth in new building permits – a record-setting year.

These numbers tell us that Halton Region remains one of the best places to invest, find employment and continues to present many opportunities for businesses, big or small, to expand. With low taxes, easy access to major markets and a commitment to building healthy, complete communities, Halton is one of the best places to live and work.

For more information on investing in Halton, job growth and our highly skilled workforce, or to read the 2016 Economic Review, visit halton.ca/invest.

The Regional Municipality of Halton serves more than 500,000 residents in the City of Burlington, the Town of Halton Hills, the Town of Milton, and the Town of Oakville. Halton Region is committed to meeting the needs of its residents through the delivery of cost-effective, quality programs and services, including water and wastewater; Regional roads and planning; paramedic services; waste management; public health; social assistance; children’s and seniors’ services; housing services; heritage programs; emergency management and economic development. For more information, dial 311 or visit Halton Region’s website at halton.ca.

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Media Contact:
Liliana Busnello
Communications Specialist
Halton Region
905-825-6000, ext. 3304
liliana.busnello@halton.ca