Chew's News

Market Insights 2016: Welland

Posted by Greg Chew on Jun 23, 2016 1:34:46 PM

commercial market insights welland

The City of Welland’s aggressive approach to economic development has produced revered wins over the past number of years. A once troubled manufacturing town is no longer, Welland is now known as one of the best places to business in North America, and has been able to attract internationally established companies including General Electric, Heridge SARL and Northern Gold Foods.

With location advantage combined with it’s fully serviced industrial lands, aggressive incentives, educated workforce, research/development connections and an open city hall, Welland has positioned itself as a growing centre within Niagara.

 

Thriving industries

Green Energy

> Bio Products

> Health and Wellness

> Advanced Manufacturing

 

Transportation access

> Located with 75% of North America’s purchasing power

> CP, CN Rail and Port Colborne Harbour Railway

> Niagara Central Airport, Niagara District Airport

> St. Lawrence Seaway System

> Major highway connections - HWY 406, QEW, 58, 140

 

Key Economic Attractors

> Academic industry partnerships with Niagara College

> Close to 50 financial incentives

> Part of Niagara's Forgein Trade Zone

> Skilled manufacturing base

> Fully serviced industrial lands 

 

Leading employers

> Canadian Tire Financial Services

> Niagara Health System

> District School Board of Niagara

> Niagara College

> Convergys CMG Canada Limited Partnership

> Bosch Rexroth Canada

 

Recent economic investments

> Northern Gold Foods - $7 million

> Walker Advanced Manufacturing Innovation Centre - $45 million

> Bertie and Clinton - $7.5 million

> Heridge SaRL - $50 million

> Hydac - $1.9 million

> Royal Rose Place - $7.2 million 

 

Notable commercial developments

Provincial Offences Court Facility - $12.4 million

> General Electric - apprx. $250 million (450,000 sq. ft. facility)

> Niagara College green-tech auto lab - $1.4 million 

 

Incentives for development

The city provides over 50 municipal, regional, provincial and federal incentive programs to aid and encourage growth in Welland.  

> Brownfield Community Improvement Plan

> Downtown and Health and Wellness Cluster Community Improvement Plan

> Niagara Gateway CIP


Many of the companies expanding into Welland, have done so through the support of the Niagara Gateway and Economic Zone Community Improvement Plan, which provides incentives surrounding development charges. 

 

To gain more market insights surrounding the positive upswing in economic development in Welland click here. To view industrial and commercial real estate, view my current listings. 

Connect with Greg Chew

Topics: Welland, commercial real estate

Receive Reports From Greg Chew to Your Inbox

Disclaimer
All blog entries on this site are the opinion of the author(s) and not those of Colliers International. Colliers International neither endorses sponsors nor necessary shares the opinions of the author(s), regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers International. Colliers International has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers International. Colliers International is not responsible for the monitoring or filtering of any blog, nor does Colliers International claim ownership of control over any blog.