BEDC E-Newsletter
January - February
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Burlington is Part of Ontario's Successful
Advanced Manufacturing Supercluster Bid
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In mid-February, Navdeep Bains, Canada's Minister for Innovation, Science and Economic Development, announced the success of Ontario's bid for the Advanced Manufacturing Supercluster. This Supercluster bid was chosen as one of five bids to receive funding and support as part of the Government of Canada's $950 million Innovation Superclusters Initiative.
The Advanced Manufacturing Supercluster will build up next-generation manufacturing capabilities, such as advanced robotics and 3D printing. Ultimately, the Advanced Manufacturing Supercluster aims to position Canadian companies to lead industrial digitalization, maximizing competitiveness and participation in global markets. The bid will also encourage job growth, bringing in over 13,500 middle-class jobs. Read more here and here. |
Key Takeaways: 2016 Census
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The final release of Statistics Canada's 2016 Census Data was in November 2017. Read the full summary of the 2016 Census releases online
here
. Some key takeways include:
- Population growth, largely through immigration, will continue to be a driver of population and economic growth.
- The Burlington economy is strong with a healthy unemployment rate and a highly educated labour force.
- Burlington incomes are high as are housing prices; however, housing prices have been rising faster than income levels. For Burlington to remain a location of choice, housing prices and rental rates must be affordable for immigrants, newcomers, and new families.
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BEDC
has a new 2018-2022 Strategic Plan that outlines our Vision for Economic Growth. Our Strategic Plan is fully aligned with the City of Burlington's Strategic Plan 2015 - 2040. Read BEDC's full Strategic Plan here.
The Strategic Plan focuses on:
- Keeping Burlington competitive
- Attracting and growing innovative companies
- Developing an attractive 21st century city.
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TechPlace Welcomes Newest LaunchPad Company
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TechPlace has accepted MyAbilities Technologies Inc. as their newest LaunchPad company.
MyAbilities is
a tech company offering a web-based SaaS platform using Artificial Intelligence and Machine Learning to transform human asset management for insurance companies and their employer clients; disrupting a $3.5 trillion insurance industry. Learn more about TechPlace's LaunchPad program
here
and visit the
MyAbilities site here.
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Young Women in Leadership Program is looking for local businesses to participate
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MP Pam Damoff is launching the Young Women in Leadership program for the second year in a row.
This program will offer young women in Halton an opportunity to job-shadow in a local business, agency, organization, or government office. Last year BEDC participated and were thrilled with the outcome; we highly encourage local businesses to get involved! Get more program information here.
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Burlington Boosts Business - Promotional Video
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Burlington's Industrial, Commercial
and Institutional
Markets are Booming
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It comes as no surprise to anyone following real estate that Burlington's ICI market is booming. To illustrate this point, consider the following. In Q4 2017 the office vacancy rate was
12.2%
; in Q4 2016 the office vacancy rate was 16.5%; and in Q4 2015 the rate was 20.6%. This is in addition to Burlington's industrial vacancy rate which has
decreased from 5.4% in Q3 2015 to 3.9% in Q3 2017. The current attractiveness of Burlington ensures a bright economic future for the city that brings new businesses, residents, and opportunities. For more information on these trends, please contact BEDC directly or
click here
to view our economic indicators.
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The City of Burlington Kicks Off 4th Future Ready Leadership Program with MCE
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This past month, the City of Burlington kicked off its 4th
Future Ready Leadership Program with Mohawk College Enterprise (MCE). The training is completely customized and will integrate key City of Burlington leadership competencies such
as upholding integrity and respect, collaborating with partners and stakeholders, and promoting innovation and guiding change. MCE's training focuses on equipping current and future leaders with the skills necessary to adapt to the changing workforce and lead their teams. To learn more, visit their
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Funding & Incentive Programs
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Workplace Electric Vehicle Charging Incentive Program
Ontario is making it easier to use electric vehicles to get to and from work by assisting employers, commercial building owners and managers to install charging stations at their wor
kplaces. The Workplace Electric Vehicle Charging Incentive Program will provide 80 per cent of the capital costs to install level 2 chargers, up to $7,500 per charging space.
Learn more here.
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Funding: Opportunities Fund for Persons with Disabilities
The application period is now open for organizations interested in receiving funding through the Opportunities Fund for Persons with Disabilities.
This program was designed to fill a gap in federal supports for Canadians with disabilities who are not eligible for the Employment Insurance program or training support. The program is intended to assist Canadians with disabilities prepare for, obtain and maintain employment or self-employment.
Learn more.
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ScaleUP - GrowthSeries™ presented by TechPlace and Spyder Works
Location: TechPlace
Four day workshop - May 29th, June 5th, June 12th, June 19th
Whether you're ready or not - whether you embrace it or not, every business is in continuous transition. As a business leader, striving to prosper in a time of frenetic change, you're under heightened pressure to anticipate what might happen in the future. Over each day of the Growth Series you will learn how to prepare and support your organization for long-term, continuous growth in a world that no longer rewards conventional wisdom.
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Vital Talk - Today's Youth, Tomorrow's Prosperity
Location: The Burlington Performing Arts Centre
March 8th, 7 - 8:30pm
Join Burlington Foundation, in partnership with RBC, for a night of conversation featuring renowned McMaster educator, author and Top 30 global management guru, Dr. Nick Bontis. Following his high-energy presentation, Nick will moderate a lively panel discussion with business, government, education, and young adults.
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M3 Marketing Masters Meetup presented by Haltech Regional Innovation Centre
Location: TechPlace
March 7th, 9 - 10:30am
In this M3 Marketing Masters Meetup you will learn how to prepare a perfect slide presentation, using effective messaging and consistent brand identity. We will talk about visual impact such as the importance of logos, fonts, colors, composition, typography, and new trends in digital marketing.
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