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Welcome to the September edition of the Hamilton Economic Development Newsletter.  

Hamilton Ranked One of Canada's Top Investment Cities...Again
 
Hamilton was recently named one of the top cities in which to invest in Canada by Atlanta, Georgia's Site Selection Magazine. The results are considered on a cumulative and per-capita basis based on qualified project data from Conway Analytics' Conway Projects Database. This is not Hamilton's first time on the list- having been ranked one of the top investment locations several times in the last decade and the ranking is viewed as an important source of information for site selectors and investors from across North America. Follow this link to learn more.
Hamilton Increases Businesses on Growth 500       

It was a great improvement for Hamilton companies on a national scale recently. As part of the annual rankings of the fastest growing companies in Canada, there were nine Hamilton companies on the Canadian Business Magazine Growth 500 list and three Hamilton companies on the Startup 50 list.  Last year, Hamilton only had four companies on the Growth 500 list and none on the Startup 50 list - an improvement of 200%. Growth 500 is widely recognized a prestigious recognition of entrepreneurial excellence in Canada and inclusion on the list gives greater national recognition to companies and potentially exposes them to greater avenues of funding, talent and customers. Congratulations to the following companies:
 
2018 Canadian Business Magazine - Growth 500 - Hamilton Companies
  • Everworks (Rank 17)
  • Joseph Haulage Canada (Rank 111)
  • Greenbelt Microgreens (Rank 123)
  • CAN-AM Cryoservices (Rank 143)
  • Gala Bakery (Rank 160)
  • Fairway Electrical Services (Rank 222)
  • Worksite Safety Compliance Centre (Rank 231)
  • McCallum Sather (Rank 395)
  • Orbis Communications (Rank 434)
2018 Canadian Business Magazine - Startup 50 - Hamilton Rankings
  • Caliber Communications (Rank 25)
  • Nix Sensor (Rank 33)
  • Collective Arts (Rank 40)

Follow this link to learn more about Growth 500. 

Intelligent Communities Forum Coming to Hamilton      
 
Learn about Canada's top SMART21 Cities from previous years in the Intelligent Community Awards Program. In addition to learning about the amazing host city's evolution as one of Canada's top innovation hubs, meet and hear from over a dozen other cities from across Canada about their amazing transformation as among Canada's top SMART21 Intelligent Communities. How did they develop their extensive broadband infrastructure? What are their most important and innovative applications? How is data analytics transforming their communities into efficient and cost-effective powerhouses? Learn what knowledge centres are doing to create talent and what these communities are doing to attract and retain them... and more.
 
In the evening, join us at a reception for the global announcement of ICF's SMART21 Communities of 2019. A full program can be found below. You can find out more information and register here. 
Future of Hamilton in Focus

Earlier this month, Hamilton Economic Development partnered with BisNow Commercial Real Estate News to present the future of Hamilton.  This half day session featured investors, City staff, and industry partners focused on the positive changes in Hamilton's economy and the variety of investment opportunities available currently. Follow this link for a recap of the event
Canada-Ontario Job Grant: Grants for Third-Party Business Training Programs       

The Canada-Ontario Job Grant (COJG) is an Ontario government funding program offering employers grants for third-party businesses training programs. Training programs should lead to benefits for trainees, such as an improvement to their role or wage, or lead to employment in the case of a new hire. COJG grants can reduce the cost of employee training projects by up to 50-83%, covering up to $10,000 to $15,000 in training costs per trainee. To learn whether your business may be eligible to receive funding, follow this link. 

Hamilton City Council continued its support of the commercial areas on both Barton Street East and Kenilworth Avenue North with the approval of  indefinite extensions to the availability of both the Barton Kenilworth Commercial Corridor Building Improvement Grant Program (BKCC) and the Barton Kenilworth Tax Increment Grant Program (BKTIG) at its meeting on July 13th. Both programs had been slated to expire on December 31, 2018.
 
The BKCC provides a matching grant of up to a maximum of $50,000 for eligible works. Such works could include the installation of new electrical and plumbing systems, fa├žade improvements and improvements for barrier-free accessibility.
 
The BKTIG allows for an annual grant of an increase in a property owner's municipal taxes that results due to improvements to the property. Beginning with a grant of up to 100% of such an increase in taxes in the first full year after the property is reassessed, the grant decreases on a predetermined sliding scale for nine years so that the property owner will only pay the entire portion of their municipal taxes in year ten.
 
Both programs are available  within the boundaries of the Barton Village Business Improvement Area (BIA), the Barton and Kenilworth commercial corridors and the properties that front on Barton Street between James Street North and Victoria Avenue North as identified in the Downtown and Community Renewal Community Improvement Project Area By-law.
 
More information on these and other financial incentive programs can be found at  www.investinhamilton.ca/incentives .

Tourism Hamilton has won a national marketing award for its new brand from the Economic Development Association of Canada (EDAC). The award was announced Sept. 11, 2018 at EDAC's 50th annual conference in Fredericton, New Brunswick. EDAC is Canada's national organization of economic developers offering professional development and comprehensive professional resources. Tourism Hamilton launched its new brand in late 2017 to leverage the city's exciting renewal and to capture what makes the city such a unique and appealing destination. The new logo and visual presentation celebrates Hamilton's distinct contrasts, ranging from urban and rural to historic and trendy. The tagline "It's In Our Character" refers to Hamilton as unpretentious, welcoming, unapologetically gritty, and full of unexpected beauty. The new Tourism Hamilton brand was developed in partnership with local creative agency Cinnamon Toast. 
Thank you for reading!  Don't forget to connect with us via our social media tools for the latest updates in real time.
 
Have a story idea or feature for this e-newsletter? Then email: ecdev@hamilton.ca we're happy to take your suggestions!
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