County of Wellington Credit Review

June 17, 2019 Credit Review 2019

 Welcome

 Economic Development Focus and Highlights

 Socio Economic Profile

 Jobs and Employment

 Municipal and County Investments

 Development Activity

 Outlook 7 Municipalities surrounding the City of Population: 97,610 Population projected to grow to 140,000 by 2041 Labour Force: 53,974 Households: 34,350 Average Household Income: $115,081 Highlights ▸ Successful funding ▸ MTO Grant $500,000 to provide rural transit ▸ Smart Cities Infrastructure $10 Million Win ▸ SWIFT $12.1M 2019 procurement ▸ BREI Award recognizing the Invest Well CIP (multi- community category) ▸ AMO Mainstreet Funding leveraged by Townships ▸ WOWC ▸ Talent Attraction ▸ Greater promotion ie. Festivals and Events Guide, E-Newsletters - metrics ▸ Taste Real Local Food ▸ Hillsburgh Library ▸ Signage Programme ▸ BR+E Implementation Fund Economic Development Three-Year Plan

▸ Wellington County Community Improvement Programme (CIP) ▸ RideWell Rural Transit Service ▸ Talent Attraction and labour force assistance ▸ Housing Strategy ▸ Taste Real Local Food ▸ Downtown Development ▸ Marketing Wellington County 2018 ▸ Population: 97, 610

▸ 7 Municipalities Profile ▸ Land: 2,610 km2 ▸ Assessment Base ($M): 17,212 ▸ Unemployment Rate: 3.06 ▸ Households: 34,350 ▸ Businesses: 3,751 ▸ Labour Force: 53,974 ▸ Employment: 48,082 ▸ Local GDP (real, $M): 4.172 ▸ Value of Building Permits ($M): 510 ▸ Wellington County Economic Economic County Wellington Housing Starts: 359 Demographics: Population + Households Source: County Planning Population Population Households Municipality Households 2018 2041 2018 2041

Centre Wellington 30,720 52,310 11,310 18,690 ▸ Mid-2016: 90,880 Erin 12,110 15,865 to 18,905 4,200 5,385 to 6,340 Guelph Eramosa 13,750 14,575 4,630 4,940 ▸ End of 2018: Mapleton 97,610 11,170 14,060 3,230 4,235 Minto 9,250 12,810 3,340 4,610

Puslinch 8,000 9,655 2,850 3,335

Wellington North 12,610 17,685 4,760 6,590 Wellington 97,610 34,350 County 140,000 48,740 Average Household Income Source: Manifold Data

Average Household Income in Wellington County (2018) 2018 Average Household Incomes Compared 140,000 131,443 126,158

120,000 115,081 , $103,488 110,576 103,488 Wellington County, 100,000 $115,081 89,811 87,758 Wellington North, $80,639 80,000

Puslinch, $179,036 60,000

Minto, $83,431 40,000 Mapleton, $107,206 20,000 Guelph Eramosa , $136,490 0 Erin, $142,361 Halton Region Waterloo Wellington Dufferin Ontario Perth County Grey County Excluding Region County County Centre Wellington, Oakville and Excluding $ 106,318 Burlington Cambridge, Kitchener and Waterloo Labour Force by Municipality Source: Manifold Data Municipality Labour Force % of County % of Municipal 2018 Labour Force Population

Centre Wellington 16,508 31% 55% Erin 7,493 14% 61% Guelph Eramosa 7,957 15% 59% Mapleton 6,000 11% 54% Minto 4,978 9% 54% Puslinch 4,329 8% 56% Wellington North 6,709 12% 53% Wellington County 53,974 100% 56% Job Growth Source: EMSI Analyst

Jobs Jobs Jobs % Change # Business Municipality 2011 2017 2018 2011-2018 2018 Centre Wellington 11,903 12,218 12,220 2.7% 1562 Jobs were 40,724 in 2011 and grew to Puslinch 4,899 7,502 7,694 57.1% 212 48,082 in 2018 = 18% Wellington North 6,651 7,311 7,437 11.8% 439 Growth Guelph/Eramosa 5,179 6,632 6,778 30.9% 445 2019 Jobs projected at Minto 3,914 5,057 5,094 30.1% 352 49,009 (2% change Mapleton 4,432 4,527 4,623 4.3% 286 2018-2019) Erin 3,747 4,202 4,236 13.1% 455 County of Wellington 40,725 47,449 48,082 18.07% 3751

Region 2011 Jobs 2018 Jobs Change % Change Occupation by Industry (2017-2018) Source: EMSI Analyst

Employment in Industry Group Change % Change % of Total Jobs % of Total Jobs Occupation Description in Industry in Industry 2011 2017 2018 2017 - 2018 2017 - 2018 Group (2011) Group (2018) Trades, transport and equipment operators and 8,514 10,044 10,306 262Crystal: create3% new chart21% 21% related occupations 2011 / 2017 / 2018 Sales and service occupations 7,262 8,942 9,095 153 2% 18% 19% Management occupations 6,094 6,160 6,135 (25) (0%) 15% 13% Business, finance and administration 4,892 5,830 5,820 (10) (0%) 12% 12% occupations Occupations in manufacturing and utilities 4,044 4,946 5,071 125 3% 10% 11% Occupations in education, law and social, 2,998 3,377 3,362 (15) (0%) 7% 7% community and government services Natural and applied sciences and related 1,743 2,426 2,440 14 1% 4% 5% occupations Health occupations 1,937 2,037 2,097 60 3% 5% 4% Natural resources, agriculture and related 1,655 1,879 1,913 34 2% 4% 4% production occupations Occupations in art, culture, recreation and sport 1,039 1,097 1,113 16 1% 3% 2% Unclassified 548 711 729 18 3% 1% 2%

40,724 47,449 48,082 633 1% 100% 100% Major Sectors of Employment (2017-2018) Source: EMSI Analyst

% of Total 2011-2018 2017 - 2018 2017 - 2018 NAICS Description 2011 Jobs 2017 Jobs 2018 Jobs Employment % Change # Change % Change (2018) 31-33 Manufacturing 6,926 8,656 8,909 29% 253 3% 18.5% 23 Construction 4,439 5,636 5,725 29% 89 2% 11.9% 11 Agriculture, forestry, fishing and hunting 4,624 4,338 4,229 (9%) (109) (3%) 8.8% 44-45 Retail trade 2,897 4,007 4,098 41% 91 2% 8.5% 62 Health care and social assistance 3,717 3,761 3,850 4% 89 2% 8.0% 41 Wholesale trade 2,179 2,806 2,854 31% 48 2% 5.9% 48-49 Transportation and warehousing 2,360 2,644 2,817 19% 173 7% 5.9% 72 Accommodation and food services 1,821 2,523 2,505 38% (18) (1%) 5.2% 54 Professional, scientific and technical services 2,030 2,302 2,357 16% 55 2% 4.9% 81 Other services (except public administration) 2,306 2,152 2,161 (6%) 9 0% 4.5% 56 Administrative and support, waste management and remediation services 1,897 2,106 2,170 14% 64 3% 4.5% 61 Educational services 1,614 1,855 1,936 20% 81 4% 4.0% 71 Arts, entertainment and recreation 796 1,097 991 24% (106) (10%) 2.1% 91 Public administration 800 923 941 18% 18 2% 2.0% 52 Finance and insurance 584 767 738 26% (29) (4%) 1.5% X0 Unclassified 548 711 729 33% 18 3% 1.5% 53 Real estate and rental and leasing 484 508 484 0% (24) (5%) 1.0% 51 Information and cultural industries 474 384 306 (35%) (78) (20%) 0.6% 21 Mining, quarrying, and oil and gas extraction 64 141 150 134% 9 6% 0.3% 55 Management of companies and enterprises 33 77 74 124% (3) (4%) 0.2% 22 Utilities 130 56 59 (55%) 3 5% 0.1% 40,724 47,449 48,082 18% 633 1% 100.0% Top 20 Corporate Taxpayers in 2019 Source: County Treasury Municipality Owner Business Type Puslinch Nestle Canada Inc. Food Processing Plant Puslinch Morguard Brock McLean Warehousing Centre Wellington Jefferson Elora Corporation Automotive Parts Plant Minto TG Minto Corporation Standard Industrial Mapleton Wallenstein Feed & Supply Grain Handling Centre Wellington RMM Fergus Property Inc. Big Box Puslinch Con-Cast Pipe Inc. Other Industrial Wellington North 1236757 Ontario Inc. (Musashi) Standard Industrial Puslinch Royal Canin Canada Company Food Processing Plant Centre Wellington Nexans Canada Inc. Standard Industrial Guelph Eramosa Coldpoint Properties Ltd. Standard Industrial Puslinch 2354084 Ontario Limited Standard Industrial Mapleton Darling International Canada Heavy Manufacturing Centre Wellington Riocan Holdings Inc. Neighbourhood Shopping Centre Wellington Skyline Retail Real Estate Neighbourhood Shopping Puslinch 1056469 Ontario Inc. Standard Industrial Wellington North Golden Valley Farms Inc. Standard Industrial Puslinch Russel Metals Inc. Trustee Heavy Manufacturing Wellington North Sligo Road Limited Standard Industrial Puslinch Kenhar Products Inc. Standard Industrial Wellington County Top Employers Source: Municipal EDOs Municipality Owner Employees Sector County Of Wellington Wellington County 880 Government TG Minto Minto 800 Manufacturing Jefferson Elora Corporation Centre Wellington 500 Manufacturing of Automotive Parts Musashi Auto Parts Canada Inc Wellington North 500 Manufacturing of Automotive Parts Nestle Waters Canada Puslinch 400 Manufacturing of Soft Drinks Mammoet Crane Puslinch 400 Crane Rental, Heavy Lifting, Transport Specialist Dana Long Corp Wellington North 310 Manufacturing of Thermal Products Schneider National Puslinch 300 Transportation Walmart Supercenter Centre Wellington 280 Retail Wallenstein Feed & Supply Ltd Mapleton 240 Agriculture NEW Elora Mill Centre Wellington 220 Inn, Banquet facility and Spa Zehrs Centre Wellington 220 Retail Concast Inc Puslinch 220 Manufacturing of Concrete Piping Nexans Canada Inc. Centre Wellington 215 Manufacturing of Electrical Cabling Groves Memorial Community Hosp Centre Wellington 210 Health Care Walinga Inc Guelph Eramosa 200 Transportation Cascade Canada Ltd Puslinch 200 Manufacturing of Material Handling Equipment Royal Canin Canada Puslinch 200 Manufacturing of Dog And Cat Food Slots At Raceway Centre Wellington 180 Casino Viking-Cives Ltd Wellington North 180 Manufacturing East Gen / Semex Guelph Eramosa 175 Agriculture Louise Marshall Hospital Wellington North 175 Health Care Pentalift Equipment Corp Puslinch 170 Manufacturing of Loading Dock, Materials Handling Equipment Polycorp Limited Centre Wellington 160 Manufacturing of Engineered Polymer Products Capital Paving Inc Puslinch 160 Paving Contractor Wellington County Top Employers Source: Municipal EDOs Municipality Owner Employees Sector UGDSB - Minto Minto 158 Education Llewelly Security Puslinch 150 Security Systems And Technology UGDSB - Wellington North Wellington North 150 Education Danby Products Ltd Guelph Eramosa 149 Manufacturing of Applicances Denny Bus Lines Erin 140 Transportation Drexler Construction Ltd Guelph Eramosa 140 Construction Pike Lake Golf & Country Club Minto 140 Recreation Maple Leaf Food Puslinch 140 Food Storage Quality Engineered Homes Wellington North 140 Design and Manufacturing of Homes and Cottages Cherry Forest Products Puslinch 135 Manufacturing of Lumber, Hardwood And Softwood Pallets, Skids and Crates Centre Wellington Centre Wellington 133 Government RR Donnelly Centre Wellington 130 Business Forms Printing Vintex Inc Wellington North 130 Manufacturing Of Coated Textile Fabrics Golden Valley Farms Inc Wellington North 125 Food Processing Strathcona Long Term Care Wellington North 125 Health Care Caressant Care Nursing Home Wellington North 125 Health Care Centre Wellington High School Centre Wellington 120 Education Rothsay - Darling International Mapleton 120 Agricultural Recycling Caressant Care Harriston Minto 120 Health Care Pintar Erin 110 manufacturing Wightman Telecom Ltd Minto 106 Telecommunication Puresource Inc Guelph Eramosa 105 Manufacturing and Distribution of Natural Wellness Products Murray Group Ltd Mapleton 100 Paving Contractor Edward Jones Puslinch 100 Financial Wellington County NEW Business

Centre Wellington Minto Starbucks – Fergus, 16 employees Escape the Old Post Porchlight Restaurant, 12 employees Royal LePage RCR Realty Elora Mill, 220 employees Mailbox Coffee Elora Mercantile, 3 employees (retail) McDonald Chiropractic The Evelyn Restaurant, 8 employees Holloway Automotive Kings and Gents Barbershop, 2 employees Magic Ice Cream Shop The Elora Café, 3 employees Triple F construction Daddy’s Butcher Shop, 2 employees Elam Weber Woodworking New Gas Bar + convenience store, 6 employees Grand Bark Pet Services Guelph Eramosa Red Brick Real Estate Saving Grace Yogo and Skincare The Vault Coffee Green Bicycle Farm Uprooted Farm La Fontana Wellington North Savoy Culinary IScreamm Cone Company Circle K, Mount Forest Mapleton Expressive Dance Studio The Sign Depot Balance Breath Yoga Studio Core Fuels Growing Abilities, Mount Forest Sorry Sauce Pepprell Distilling coming in 2019 Erin Exhale Academy for healing and personal Puslinch development Union Market Square Municipal Economic Development Efforts

2018 BR+E Fund Projects:

▸ Economic Development Strategic Action Plan leveraged with 35K OMAFRA RED funding (Centre Wellington) ▸ Town of Erin Momentum Action Plan, 10.5% funding for activities including CIP, Equine Sector, etc. (Erin) ▸ LaunchIt Minto business incubator 25% funding (Minto) ▸ Municipal Drinking Water Well System and Sewage Services Feasibility Study – Commercial/Industrial (Puslinch) ▸ Community Youth Resiliency Worker, Youth for North, Destination Development (Wellington North) ▸ Alma Gateway Signage (Mapleton) 2018 Development Activity Summary/Highlights 2018 New Residential Permits Issued

Single Semi Municipality Row House Apartment Total Detached Detached Centre Wellington 83 3 25 36 147 Erin 17 0 0 0 17 Overall, 69% of Guelph-Eramosa 27 0 0 0 27 building permits issued for new Mapleton 24 0 1 0 25 residential units in Minto 37 10 9 0 56 Wellington County Puslinch 43 0 0 0 43 in 2018 took place in settlement Wellington North 27 6 11 0 44 areas. Wellington County 258 19 46 36 359

Year 2013 2014 2015 2016 2017 2018 Source: County Planning, 2018 Performance Measures, Land Use New Residential Permits 205 326 431 665 551 359 Planning 2018 Residential Development Activity

Residential Residential Residential Residential Residential Municipality Construction Values Construction Values Construction Values Construction Values Construction Values 2014 2015 2016 2017 2018 Centre Wellington $43,395,868 $52,311,270 $108,938,000 $100,840,192 $52,183,667 Erin $15,927,481 $19,458,000 $24,725,950 $5,782,000 $9,955,000 Guelph/Eramosa $15,482,615 $20,784,203 $34,043,193 $25,939,150 $22,127,000 Mapleton $11,911,460 $12,126,450 $12,946,700 $12,066,000 $20,390,550 Minto $7,251,000 $8,983,000 $14,068,000 $16,782,000 $19,035,000 Puslinch $19,635,450 $29,000,000 40,043,377 $50,714,481 $56,533,879 Wellington North $8,550,000 $8,077,969 $14,995,550 $11,534,170 $17,934,700 Total $122,153,874 $98,429,622 $209,717,393 $223,657,993 $179,808,301 Residential Highlights

▸ $14 million home in Puslinch! ▸ Four story condo with 36 residential units, $11 million investment in Salem ▸ 2019: Granwood 152 units, Ospringe 60 units, Minto 51 units, Fox Run phase 2 proposals, Rockwell 60 units, Mount Forest 34 units. 2018 Agricultural Development Activity 5 years 2014-2018 Agricultural Agricultural Agricultural Agricultural Agricultural Municipality Construction Values Construction Values Construction Values Construction Values Construction Values 2014 2015 2016 2017 2018 Centre Wellington $5,593,500 $7,813,800 $8,938,550 $5,238,000 $19,803,400 Erin $1,801,750 $1,523,700 $2,078,500 $18,237,500 $2,151,900 Guelph/Eramosa $2,528,000 $4,141,700 $2,273,428 $5,835,700 $1,992,000 Mapleton $11,882,835 $22,428,515 $17,945,062 $35,903,023 $31,006,660 Minto $1,045,000 $6,655,000 $3,293,000 $4,752,000 $11,951,000 Puslinch $0 $922,000 $215,000 $720,000 $2,090,224

Wellington North $6,880,600 $5,207,000 $8,511,353 $10,632,500 $14,030,400 Total $29,731,685 $48,691,715 $43,254,893 $81,318,723 $83,025,584 Agricultural Highlights

▸ University of Guelph new Beef Research Barn, $9 million ▸ LEL Farms, Puslinch, $1.3 million turkey barns and manure storage investment ▸ 12 New Dairy Barns and 6 existing farms with diary barn additions 2018 Industrial Development Activity 5 years 2014-2018

Industrial Industrial Industrial Industrial Industrial Municipality Construction Values Construction Values Construction Values Construction Values Construction Values 2014 2015 2016 2017 2018 Centre Wellington $6,633,900 $9,136,000 $2,442,000 $3,972,000 $884,000 Erin $1,472,000 $656,000 $3,621,000 $0 $1,018,000 Guelph/Eramosa $4,000,000 $3,930,000 $1,475,500 $505,000 $5,120,000 Mapleton $1,609,000 $17,674,200 $1,097,500 $7,887,000 $28,449,850 Minto $3,138,000 $1,500,000 $950,000 $5,172,000 $1,930,000 Puslinch $1,152,397 $553,000 $0 $0 $0 Wellington North $1,200,500 $2,848,990 $926,000 $1,439,000 $8,407,500

Total $19,205,797 $27,162,190 $10,512,000 $18,975,000 $45,809,350 Industrial/Manufacturing Highlights

▸ Nieuwland Feed and Supply Ltd., $25 million expansion ▸ 3 Kerr Crescent, $3.1 million interior renovation and addition in Puslinch ▸ Musashi, $3.1 million plant addition, Arthur

Photo Source: Twitter @ Gulutzen_Crete 2018 Commercial Development Activity 5 years 2014-2018

Commercial Commercial Commercial Commercial Commercial Construction Values Construction Values Construction Values Construction Values Construction 2014 2015 2016 2017 Values 2018

Centre Wellington $2,751,400 $7,946,533 $14,497,000 $5,441,533 $11,721,166

Erin $2,014,000 $215,778 $60,000 $0 $79,950

Guelph/Eramosa $12,725,000 $2,246,000 $1,782,000 $786,000 $131,000

Mapleton $202,000 $2,717,800 $487,000 $31,600 $982,000

Minto $2,343,000 $400,000 $605,000 $247,000 $328,000

Puslinch $4,020,000 $1,315,000 $1,964,095 $1,778,000 $4,852,281

Wellington North $846,000 $1,204,800 $3,630,800 $875,975 $4,108,250

Total $24,901,400 $6,894,578 $23,025,895 $9,160,108 $22,202,647 Commercial Development Highlights

▸ Elora Mill opened it’s doors in early summer 2018. 27 million investment to date. ▸ Construction of new Canadian Tire store in Mount Forest, 2.9 million investment and 10 additional employees ▸ Musashi Auto expansion (25 new employees) ▸ Minto downtown commercial unit revitalization in Palmerston from dilapidated to 8 renovated commercial units and 15 renovated rental units 2018 Institutional Development Activity 5 years 2014-2018 Institutional Institutional Institutional Institutional Institutional Municipality Construction Values Construction Values Construction Values Construction Values Construction Values 2014 2015 2016 2017 2018 Centre Wellington $5,792,850 $3,901,000 $1,500,000 $7,128,000 $123,781,000 Erin $433,000 $0 $25,000 $30,000 $246,000 Guelph/Eramosa $11,589,750 $5,509,865 $132,000 $101,561 $483,980 Mapleton $6,000 $679,702 $9,500 $350,000 $6,000 Minto $581,000 $6,062,000 $2,476,000 $1,583,000 $240,000 Puslinch $0 $0 $0 $0 $0 Wellington North $305,000 $825,000 $1,939,000 $13,254,500 $255,000 Total $18,707,600 $16,977,567 $6,081,500 $22,447,061 $125,011,980 Institutional Development Highlights

▸ Groves Memorial Community Hospital 127.5 million (opens in 2020) ▸ Wellington Place Childcare and Learning Centre, 2.9 million ▸ Strathcona long Term Care Home, new 87 bed long term care home (added 25 employees) Investments happening in 2019

▸ Centre Wellington: New Freshco and 3 unit commercial plaza (6M) ▸ Jefferson Elora Corporation, 68,000 sf addition (10M) ▸ Elora Distillery (650K) ▸ CEVA 50,000 sf expansion ▸ Arjune Manufacturing and Promar Construction setting up in the Mapleton Industrial Park ▸ TG Minto, 50,000 sf industrial addition ▸ Kronsinski Enterprise, medical cannabis production and processing ▸ Shrimp Canada ▸ Concast new office building ▸ Royal Canin, expansion ▸ Louise Marshall Hospital expansion ▸ Arthur Wastewater Treatment Plant Phase 1 Construction (12M)

Jana Burns BA, MSc Director of Economic Development County of Wellington [email protected] 1.519.837.2600 x2525