More and more businesses are investing in Niagara due to the American border proximity, the Welland Canal and access to the GTA consumer market. The residential real estate market has also proven that Niagara is becoming increasingly popular as place of primary residency; bringing more potential employees, consumers and investors.
To succeed in the manufacturing industry, location is crucial. Without the right location, manufacturers can face challenges related to supply chain management, consumer access, and business costs.
Canada is a great place to start a business and to conduct business, especially for manufacturers. Manufacturers who choose to invest in Canada have the advantage of lower business costs and increasing consumer demand and access.
Topics: Industrial development
The new GE factory set for development in Welland has been referred to in the media as a “brilliant factory” and now we know why. GE’s brilliant factory concept comes from a recent shift in how they make things. It involves how their new sensor embedded machines connect to an industrial internet, and utilize a software platform GE has development called Predix.
General Electric, Northern Gold Foods, Atlantic Biodiesel, Cytec Canada and Welded Tube of Canada are just five examples of recent manufacturing investments in Niagara. Most notable amoung them may be GE, as their choice to relocate their gas-engine plant to Canada and then Welland, Ontario, was based on attractive financial incentives, location, available land and an aggressive pursuit of their business.
Niagara has become a region committed to growing forward and developing new strategies to attract and expand its manufacturing base. Over the past few years, new incentives have been introduced, a Foreign Trade Zone designation has been awarded, new research facilities have been built and transportation options have expanded.
This combination of factors has allowed Niagara to shine as a destination in Ontario worthy of manufacturing investment.
Topics: Industrial development
Ontario offers industry a unique environment supported by innovation, competitive business costs and an educated workforce.
A number of prominent residential and industrial properties are now for sale along the canal in Welland.
The plot of industrial land for sale at 555-635 Canal Bank Street includes a 323,800 sq. ft. industrial building and 100 acres of developable land. The industrial development property at 475 Canal Bank Street includes 76 acres of development land bound by Highway 58 and the Welland Canal. Finally the 180 acre residential development parcel bound by Forks Road and the Welland Canal includes an approved conceptual draft plan.
The development potential for all properties are plentiful as they are strategically located in one of Niagara's largest growth spots.
GE has announced that it will build a state of the art gas-engine plant in Welland, Ontario’s Harry Diffin Industrial Park. The plant employing 150 people to begin with, will produce large reciprocating gas engines and power-generation equipment to service the oil and gas industries.
This is a major industrial win for Welland and one of the biggest industrial investments the Niagara Region has seen in recent years. GE’s arrival cements a recent upswing of positivity, economic growth and investment for Niagara.
EDC’s April release of the Global Export Forecast report shows Ontario as Canada’s export leader over 2016. A number of factors are driving the predicted 7% growth for Ontario industry including a low Canadian dollar, a high sales demand from the U.S. and a healthy auto sector.
The auto sector, which accounts for 40% of Ontario’s exports, could see growth as high as 10%. This movement is reassuring for the industry reliant Niagara economy.
Niagara College’s new Walker Advanced Manufacturing Innovation Centre is nearing completion, with operation date sets for May 2016. This new facility is set to drive innovation, education and competitiveness in the advanced manufacturing industry in greater Niagara.
The facility compliments Niagara College’s focus on supporting local economic development and is expected to drive job creation in the advanced manufacturing sector for Welland and surrounding municipalities.
Here’s an overview of the development details of the new Walker Advanced Manufacturing Innovation Centre.
The progressive nature of Welland’s City Hall pushes forward with a new Draft Comprehensive Zoning By-law. This new document was created so that the city would have one comprehensive zoning by-law, one ‘progressive regulatory document’ that implements policies across the three levels of government.
A draft by-law has been created by the City in order to address the policies developed in line with Welland’s official plan. The official plan contains policies and regulations for land use and development of specific lands. Whereas the zoning by-law enforces policies identified within the Official plan.