Momentum | Our 2018 Annual Report Hamilton 2019 Council
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Councillor Tom Jackson Councillor Maureen Wilson Councillor Terry Whitehead Councillor Jason Farr Councillor Arlene VanderBeek Hamilton’s economy continued to gain Councillor Brad Clark Councillor John-Paul Danko momentum in 2018. Councillor Chad Collins Building permit values once again exceeded $1billion—for the seventh straight year. Councillor Sam Merulla Considerable new industrial land became “shovel ready”, boding well for new construction activity in the next few years. We saw new businesses open in all areas of the city, creating new jobs and strengthening the non-residential tax base. Front Row, L – R Whether through our local business expansion and retention efforts, or our work on On behalf of Hamilton City Council and the from many competitors. I strongly encourage We look forward to Councillor Nrinder Nann the international stage through foreign direct investment, Hamilton is widely viewed It shows that we are welcoming you to Councillor Esther Pauls citizens of the City of Hamilton I would like those looking at as a prime investment city. Our staff is fielding exponentially more investment a collaborative and Councillor Brenda Johnson this publication and Hamilton. inquiries and making the case that Hamilton has the skilled workforce, rich research to express my sincere appreciation to those Mayor Fred Eisenberger innovative community, capabilities, multi-modal logistics advantages, and available land to accommodate considering a potential Fred Eisenberger investing in our great city. use data and research Councillor Judi Partridge numerous investments. to the benefit of all, investment in Hamilton to Mayor Councillor Maria Pearson As Director, I am quite proud of what we have achieved collectively and One of the most Communities in the world. understand our economic reach out to our team. We Councillor Lloyd Ferguson significant milestones As we compete on a strengths and maximize collaboratively in 2018. My thanks to the Hamilton investment community, the will work tirelessly with anchor institutions, the entrepreneurs, the innovators, the Mayor and Council, we were so proud of in global scale for the next them, and have a you to make investing and our engaged citizens. 2018 was the ranking of generation of investment business community Hamilton as one of the and talent, rankings such looking for what’s new in our city as easy and Glen Norton top seven Intelligent as this set Hamilton apart and what’s next. seamless as possible. Director, Hamilton Economic Development Office
PAGE 2 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 3 Movement Real Estate
6 12 This is a story about momentum. Hamilton is a city on a roll. Good things have been happening for years and 2018 was no different. We were the third fastest growing metropolitan city in Canada and that showed in our Entrepreneurship transformational real estate projects, exciting start-up scene and Innovation and award-winning tourism.
We’re proud of Hamilton’s momentum and are excited to see it 18 continue into 2019 and beyond.
Table of Investment Attraction Contents PAGE 4 Hamilton Economic Development 2018 Annual Report 24 Hamilton Economic Development 2018 Annual Report PAGE 5 MOVEMENT
Hamilton is a leader in logistics and movement.
Optimal transportation systems—airports, ports, and transit are paramount to today’s investment community. People and the movement of goods are critical to everyday life in a successful city. Business 2018 has been another important year for investments and activities in logistics and movement.
movesPAGE 6 Hamilton Economic Development 2018 Annual Report here Hamilton Economic Development 2018 Annual Report PAGE 7 MOVEMENT John C. Munro Hamilton CITM is a $10.5 million public-private partnership International Airport between: provides significant • Nokia Canada economic value in 2018 Hamilton named one of six • Canada Cartage • Geotab The John C. Munro Hamilton International Airport is provincial sites for Ontario’s now ranked as North America’s fastest growing airport • IBM Canada as well as being known as Canada’s busiest overnight Autonomous Vehicle Innovation express cargo airport. • Ontario Centres of Excellence (OCE) • the City of Hamilton In 2018, airport officials say cargo volume increased Network (AVIN) by 5 per cent compared to 2017. • McMaster University
Hamilton’s AVIN site, the Centre “We’re in a great position to • Mohawk College Swoop Airlines chooses for Integrated Transportation take autonomous vehicles from • Innovation Factory “ These rankings Hamilton as an Eastern hub “ It ticks all and Mobility (CITM) will concept to construction to cruise provide resources to accelerate control.” 725,630 passengers traveled through John C. Munro the boxes are crucial in Airport last year—a 21 per cent increase over 2017 for us and development of autonomous AVIN aims to capture the and 118 per cent rise since 2016. vehicle technology solutions and that is why economic opportunity of the attracting new Swoop, an offshoot of WestJet Airlines, chose businesses. Hamilton for their eastern hub and began offering we are connected and automated vehicle business to flights in June. Swoop chose Hamilton because it is here today “ Hamilton has a (C/AV) technology space and lead cost-effective and efficient monumental the global mobility evolution. Hamilton.” and travellers can board in Hamilton” and disembark from opportunity before it,” AVIN provides a competitive Cathy Puckering, CEO the plane in a matter of Steven Greenway, John C. Munro Hamilton minutes, which is ideal President & CEO says Hamilton’s AVIN site Director advantage to Ontario-based International Airport for an ultra-low cost Swoop of Strategic Initiatives Sam Saad. C/AV companies. carrier (ULCC).
PAGE 8 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 9 B Largest port $350 million in Ontario in private sector investment since 2009 2,100 people Light Rail Transit (LRT)—B-Line— work on-site at the Port of Hamilton is the first step in Hamilton’s largest ever infrastructure project
2018 saw LRT studies of construction on the completed, route selected route consisting of 14 km On-site operations and funding committed of LRT, cutting directly $6 million at the port have a for Hamilton’s largest ever through the lower city. in City of Hamilton infrastructure project. 7th largest $416 million 2019 will mark the start property taxes impact on Ontario’s GDP port in Canada
Port of Hamilton receives $17.7 million federal government investment to modernize port infrastructure
B L A S T This investment, from the National Trade Corridors Cargo transiting the port 2018 export cargo Fund, will be matched by the Hamilton Port Authority annually has a value of (HPA), in support of the Port’s $35.45 million Westport The BLAST Network to the Waterdown increased by Modernization Project. $2.5 billion is the City of Hamilton’s Commercial District, long-range vision for connect the waterfront This project will see port lands reconfigured to create: 2018 total cargo = rapid transit. The network to Hamilton Airport and • new employment land development parcels 11,628,319 MT 64% will connect the east and also link the Ancaster west ends of the city, Meadowlands to the • new transportation infrastructure link downtown Hamilton Centre on Barton Mall. • improvements to the port-city interface
PAGE 10 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 11 REAL ESTATE Real Estate matters because 2018 builds on success for Hamilton real estate.
As fast-paced technological and social change transforms how people live and work, Hamilton’s residential housing starts—in tandem with innovative, dense, and diverse commercial/industrial development—proved to be a winning formula again in 2018.
pePAGE 12 Hamiltonopl Economic Development 2018 Annual Report e matter Hamilton Economic Development 2018 Annual Report PAGE 13 REAL ESTATE
1 Regus Hamilton 1 Stryker Canada 1 1 The 21 King Street West. 2 Medicorum Place The 13,000-square-foot space occupies the entire fifth Stryker, a global medical device company, put the floor of the building and offers private and shared final touches on their new Canadian head office in the Downtown offices, a large collaborative co-working space and Flamborough Business Park. The 127,000 square foot, multiple team meeting rooms. $100 million investment will see Stryker and its 235 Business employees move into the new space in early 2019. 2 The Populace Boom 2 180 James Street Parks 2 2 Panattoni Development Company Continues The 3,800-square-foot workspace offers different Panattoni is the first major investor in the Airport options for renters, from enclosed office spaces to The City of Hamilton’s business parks/ Employment Growth District. With their $27 million The combination of available shared open concept workspace. The Populace strives purchase of 82 acres, Panattoni Development to create a workspace that fosters creativity and districts are an ideal destination Company Inc. has its sights set on 1 million square properties with great historical 3 helps grow the entrepreneurial spirit of Hamilton. for domestic and foreign investors feet of development in Hamilton. character, modern office spaces 3 The Alley thanks to their favourable location, 3 3 Norstar Windows and Doors looking for new tenants, comparatively 10 James Street North synchronous infrastructure, incentive 444 Seaman Street low costs and one of the richest The Alley ties two under-utilized buildings together This investment involved the total renovation of policies, and investment support. with a new lobby and core located between them in suites of financial incentives for 200,000 square feet of vacant warehouse space into a former alley. The project will feature a restaurant on a modern manufacturing facility for this nationally 4 any downtown in Canada attracted the ground floor and five floors of multi-tenant office renowned company. “In the case of Hamilton, 4 significant investment in space above. we’re confident in the 4 The Walters Group Hamilton’s downtown. 4 William Thomas Student Residences market.” In the southern end of the city, Walters Group 20 Rebecca Street opened their new 38,000 square foot Canadian head This 20-storey building includes ground floor retail and Adam Lambros office. This steel design and construction firm have residential units for students. It replaces the historic Development Manager completed projects around the globe and solidified building of the same name, which has been a core part of Panattoni Development Company their commitment to Hamilton with this multimillion Rebecca Street in Downtown Hamilton since the 1850s. dollar investment.
PAGE 14 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 15 Hamilton's historic and vibrant rural economy generates Seven straight years of over substantial economic impact. 50 a billion dollars in new acres to be added in the Ancaster building permits Primary agriculture contributed approximately $950 million to $1B Business Park the Hamilton economy highlighted by Singh Greenhouses' 252,000 Another successful year for square foot expansion for their cucumber growing capacity. This the Hamilton Small Business expansion supports growing space for an additional 40,000 Enterprise Centre cucumber plants and as a result, Singh added 12 full-time jobs. Singh’s cucumbers are packed in a variety of styles and end up in major retailers like Costco, Metro, Sobeys Walmart, and Loblaws. 955,000 Activity Results square feet of commercial/industrial $265M 302.5 acres of shovel-ready Jobs Created 130 space added commercial/industrial construction value land added
NEW Businesses established 74
General Inquiries 78,357
Client Consultations 512
Seminars and Workshops 82 48.1% 27.9% 20 Hosted increase in Industrial increase in proposed development construction value housing starts projects within a 5 minute walk Professional Mentoring Sessions 63 of the 4 planned downtown LRT stops Starter Company Plus Program $195,000 Grants Disbursed
PAGE 16 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 17 ENTREPRENEURSHIP AND INNOVATION Entrepreneurship and Innovation Serendipitous encounters continue to be the heart of Hamilton's business ecosystem.
2018 saw potential collaborators, customers, advisors, investors, and government come together in exciting ways.
These interactions were the fertile ground that entrepreneurs and their businesses require to succeed and helping to fuel workforce development, new jobs, wealth creation, and infrastructure development.
thrivesPAGE 18 Hamilton Economic Development 2018 Annual Report here Hamilton Economic Development 2018 Annual Report PAGE 19 ENTREPRENEURSHIP AND INNOVATION
Hamilton Companies on Hamilton was named part of Advanced Canadian Business Magazine’s 2018 Manufacturing Supercluster Growth Companies Lists Hamilton ranked Hamilton was named a part of the not-for-profit organizations to 200% Government of Canada’s Advanced collaborate to drive technological increase in Hamilton companies on 2017 2018 Manufacturing Supercluster consortium innovation in advanced manufacturing. along with Toronto, Waterloo and other In addition, Next Generation Manufacturing Growth 500 Growth 500 Growth 500 and Startup 50 #4 partners. The consortium looks to (NGEN), headquartered in Hamilton on Startup make it easier for business enterprises, at McMaster Innovation Park, will Synapse connects life McMaster ranked among Launched in 2018, the Hamilton Fast 40 initiative 50 Ranking academia and administer the program. science leaders to attract the world’s top 100 comes from the City's 2016-2020 Economic 4 9 investment and develop universities Development Action Plan, with the goal of having 10 Startup 50 Startup 50 - Number of health innovation Hamilton-based businesses listed on the Canadian Companies The university improved The Synapse Life Science to 77th from 78th in Business (CB) Magazine's 500 Fastest-Growing by City Consortium is the regional the World University Companies and Startup 50 lists. 0 3 cluster organization Rankings and was ranked for life sciences in fourth among Canadian Hamilton. Synapse has institutions. The ranking 2018 Canadian Business Magazine 2018 Canadian Business Magazine connected 662 innovators, places McMaster among Growth 500 Hamilton Companies Startup 50 Hamilton Companies entrepreneurs, researchers, the top 1 percent of clinicians, investors, and universities in the world. • Everworks (Rank 17) • Caliber Communications (Rank 25) government officials with: • Joseph Haulage Canada (Rank 111) • Nix Sensor (Rank 33) • 302 introduction • Greenbelt Microgreens (Rank 123) • Collective Arts Brewery (Rank 40) meetings • CAN-AM Cryoservices (Rank 143) • 11 health community Hamilton is one • Gala Bakery (Rank 160) checks-ups events of only two cities • Fairway Electrical Services (Rank 222) • 20 site visits into in Ontario with a • Worksite Safety Compliance Centre (Rank 231) Hamilton university ranked
• McCallum Sather (Rank 395) • 19 Health Innovation in the top 100 in • Orbis Communications (Rank 434) Week events the world.
PAGE 20 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 21 Innovation Factory (iF) is Hamilton’s Regional Innovation Centre McMaster opens Mohawk College Did you know? helping startups commercialize their ideas. Here are just some $33M Biomedical opens one-of- Mohawk College… Engineering a-kind net zero • Has been recognized as of the numbers from iF in the past decade. and Advanced energy project Canada’s most industry- research-intensive Manufacturing Mohawk College college by Research research centre continued its investment Infosource in leading-edge • Ranked 1st in both The Fraunhofer- technology and workforce industry research McMaster Project development, opening income and industry Centre for Biomedical The Joyce Centre for Did you know? research intensity Engineering and Advanced Partnership & Innovation. 1,800+ 1,000+ 1,800+ McMaster University… (industry grants Manufacturing (BEAM) The 96,000-square-foot Clients Served Products Launched Jobs Created opened its doors, bringing and contracts as a • Was named Canada’s centre is Canada’s largest percentage of total together the expertise of most research-intensive and the region’s first research income) researchers from science, university attracting zero carbon institutional health sciences and more than $379 million building. • Is home to engineering. in research income IDEAWORKS, Located at the McMaster • Has a faculty that Canada’s only Innovation Park, the averaged $405,300 per Technology Access 20,000-square-foot member in research Centre with a focus facility is the result of a funding—more than on digital health and joint partnership with double the national interoperability average 8000+ $197M+ the Fraunhofer Institute Strategic Connections Funds Raised for Cell Therapy and • Ranked 4th in the Immunology (IZI), a world Maclean's 2018 annual Formed leader in manufacturing rankings of Canadian cell therapies, based in universities and 5th for Leipzig, Germany. graduate employability
PAGE 22 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 23 INVESTMENT ATTRACTION
Dynamic FDI activities continue to position Hamilton for success.
2018 saw Hamilton participate in several trade and investment missions aimed at building business opportunities and strategic connections tied to key local industry sectors. These activities were strategically chosen to establish A world of positive and proactive business-to-business meetings; identify bilateral trade opportunities; and further foreign direct-investment leads.
oPAGEp 24 Hamilton Economicp Development o2018 Annual Report rtunities Hamilton Economic Development 2018 Annual Report PAGE 25 INVESTMENT ATTRACTION
Conference and Event Global Hamilton: International 750 Highlights Leads In 2018, Trade & Investment BIO Conference in Boston Hamilton hosted (one of the world’s largest life sciences conferences) Hamilton named one of delegations from: 26 “ We chose Qualified Inquiries Hamilton MIPIM in Cannes, France the top seven “Intelligent Russia (the world’s largest real estate conference) because France Communities in The World.” of its Intelligent Communities Forum in London, Italy 11 England Trade & Investment Missions Site Visits commitment The Intelligent Communities Forum (ICF), a Germany 5 Intelligent City Forum Outreach Summit U.S.-based think tank, named Hamilton one of U.K. 2 inbound and In market Investment to develop (local ICF event hosted by ICF Canadian Chair and the top seven Intelligent Communities in the Switzerland 1 outbound ICT investment and mission to Mexico the Hamilton Mayor Fred Eisenberger) 3 focused investment 1 trade mission to 1 targeting Advanced world for 2018. The designation rewards the Sweden 2 FDI Investments innovation Finovate in New York City and trade missions India with Global Manufacturing, ICT, best models of economic, social and cultural Austria (international fintech conference) with Colombia Affairs Canada Life Sciences and community.” development in the digital age. Estonia and the Consider AgriFood with our Niall Wallace e-Health in Vancouver Canada City Alliance Niagara Region Netherlands CEO Salusleep Inc. (national e-health conference) partners China (SleepAngel.ca) Toronto Global Forum Taiwan (gathering of international business leaders to Singapore discuss the largest economic issues facing the Key Co-hosted a Latin New referral for Global Developed Destination Joined Technology and planet) India American export and Skills Strategy, an Ontario Airport Welcome Innovation Corridor FDI Brazil trade event with provincial international workforce and International Student project in partnership Hamilton Steel Summit Initiatives and federal partners— attraction project that Recruitment Program with Toronto Global/ (gathering of steel industry stakeholders) Columbia over 30 local industries makes it easier for in partnership with the Waterloo/Guelph to Australia Latin America Export Event participated. Canadian businesses Economic Developers promote investment in (as part of the Ontario government Trade Mexico to attract international Council of Ontario tech and innovation. Opportunities Outreach program) USA talent. and post secondary institutions.
PAGE 26 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 27 INVESTMENT ATTRACTION Creative that supports fair compensation for industries musicians and music Blue Ribbon Task Force transforming creators. city • Five professional triggers skilled trades development events New film business including the second The creative economy— Annual Musician opens doors in which includes film, training initiative Conference, panel music, fashion, design, discussions, Work in Hamilton new media, performing Culture Series, One- Hamilton welcomed a brand new 6,000+ square foot arts, publishing and A $600,000 provincial grant to-One Mentoring, and studio, Hamilton Film Studios, at 400 Wellington St. N., visual arts—is not only Creative Exchange which offers green screen, studio space and film-shoot one of the most rapidly to connect at-risk youth with Networking. supplies. growing sectors of the in-demand jobs in the skilled world economy, it is also • Record breaking year: ~50% increase in film trades was announced for Mohawk a highly transformative one in terms of job permits. College. The initiative comes out of creation, innovation • Almost triple the and entrepreneurship, direct spend from the the Mayor’s Blue Ribbon Task Force attracting businesses film industry who are on Workforce Development. and labour from other filming in Hamilton and sectors and direct spend. spending money on The creative industries Created with representatives from local hotels, restaurants, in Hamilton experienced in 2015, the City of Hamilton, local businesses, an exceptional 2018 the task local post-secondary property/facility rentals, as shown by these force has institutions, industry, and talent. highlights: the goal of labour, the Hamilton • 30+ different events ensuring that residents Chamber of Commerce • First Canadian across the city are getting the skills and work force specialists. municipality to be providing opportunities they need today to fill awarded with a special for musicians to share the jobs of tomorrow. SOCAN Licensed live music and support It includes 15 members, To Play designation fair wages for artists.
PAGE 28 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 29 Tourism Hamilton continues to promote the city’s exciting revival with innovative, award-winning campaigns and events that help distinguish the city as a unique destination for both leisure and business travellers.
Tourism continues to be an
important economic driver Canadian Country Music Hamilton and Golf New accommodations Award winning 2018 underlines Week generated $5.3 Canada Strike 6 Year built to meet increased million in economic Partnership tourist demand Tourism Hamilton’s success impact Tourism Hamilton will host Newly opened properties Tourism Hamilton won three awards for initiatives With more than 10,000 the RBC Canadian Open include the Sandman launched in 2018: tickets sold, Canadian in 2019 and 2023 through Hotel offering 209 1. A national branding award from the Economic Country Music Week a six-year partnership guestrooms and a new Developers Association of Canada for its newly was a gigantic success with Golf Canada. Held 144-room Hyatt Hotel launched brand and visual identity. and resulted in Tourism at the historic Hamilton scheduled to open in Hamilton winning the Golf & Country Club, 2019. Vrancor Group 2. A provincial award from Destination Ontario for right to host the popular each tournament is has also announced the its User Generated #MyHamilton campaign that awards show again in expected to draw more construction of two new curated tens of thousands of photos, stories and 2020. than 100,000 spectators hotels in Hamilton by posts about the destination. and international media 2020. is expected to reach 1 3. A provincial award from the 2018 Economic billion households in 226 Developers Council of Ontario for the 2018 countries. The combined Canadian Country Music Awards—Host City 6.3 $500 25,000 130 20,000 economic impact is Initiatives. million visitors million in visitor spend tourism sector jobs meetings, conventions hotel room night stays estimated to be $24 and sporting events million.
PAGE 30 Hamilton Economic Development 2018 Annual Report Hamilton Economic Development 2018 Annual Report PAGE 31 Wait until you see what we accomplish in 2019.
Hamilton Economic Development City Hall 71 Main Street West, 7th Floor Hamilton, Ontario, Canada L8P 4Y5
Phone: 905-546-4222 Toll-free: 1-800-868-1329 [email protected]