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Our 2018 Annual Report Hamilton 2019 Council

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Our 2018 Annual Report Hamilton 2019 Council Momentum | Our 2018 Annual Report Hamilton 2019 Council Back Row, L – R 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.
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