PROSPERITY BY DESIGN: The Business Case for Guelph
In Guelph, you’ll ﬁnd a competitive edge thanks to our unique combination of people, resources, entrepreneurial spirit and global business outlook. It’s the place of choice for businesses that are going places.
you can do business
Guelph is within a day’s drive of 40 per cent of North America’s population.
GUELPH DEMOGRAPHICS Population of Guelph CMA: Population in region*: Labour force in Guelph CMA: Labour force in region*: Number of businesses in Guelph CMA: Average household income for Guelph CMA:
141,000 1,500,000 92,000 800,000 11,600 $83,000
*Data for the region includes the census metropolitan areas (CMA) of Guelph, Kitchener-Cambridge-Waterloo, and Hamilton.
KITCHENER/ WATERLOO HAMILTON Daily two-way goods trade between Ontario-U.S. valued at $766 million
Professional, Scientiﬁc & Technical Advanced Manufacturing Retail & Service Agri-innovation Culture & Entertainment Distribution, Warehousing & Wholesale Information & Communication Technology Clean Technology
WELCOME As Mayor, it is my pleasure to welcome you to our city. I can assure you that we recognize and value the jobs, economic growth and community building that new businesses bring. Our local government is strongly committed to supporting business, and our city will be there for you every step of the way. Guelph is often described as a well-kept secret. Businesses who have located here rave about the city’s central location, skilled labour pool, and quality of life. This city offers the best of both worlds: big-city amenities and opportunities, with the community spirit and neighbourliness you would only expect to ﬁnd in a small town. We look forward to sharing our secret with you: showing you how Guelph is the ideal place for your business to thrive and delivering the support you need to make Guelph part of your success story.
Mayor Cam Guthrie
OPEN TO THE WORLD
THE STABLITY YOU NEED FOR LONG-TERM BUSINESS SUCCESS. Guelph’s diverse economy is marked by steady growth with few ﬂuctuations in employment levels, built upon Canada’s reputation for stability and its robust banking system.
Investing in Guelph will place your business in the heart of the North American Free Trade Agreement (NAFTA) zone. Once the Comprehensive Economic and Free Trade Agreement (CETA) comes into effect, businesses in Canada will have assured access to both the North American and European free-trade zones. Imagine the possibilities doing business in a combined market of more than 900 million people that generates about half of the world’s economic output.
The World Economic Forum has ranked Canada’s banking system as the soundest in the world for seven consecutive years.
Canada is one of the world’s great trading nations: free trade agreements are in effect with 44 countries, and more are being negotiated with expanding markets in Asia and Latin America. Ontario – the seventh largest economy in North America, with a GDP larger than many countries – is expected to lead economic growth in Canada over the next few years as export businesses beneﬁt from stronger U.S. growth, a lower Canadian dollar and lower oil prices.
Your business will have room to grow and prosper.
Canada’s Free-trade Agreements In Force
ONTARIO IS A TOP DESTINATION FOR FOREIGN INVESTMENT (FDI), OUTPERFORMING ALL CANADIAN PROVINCES AND U.S. STATES.
Top 10 FDI Leaders in North America (2014)
2B $2B $2B
QU EB EC LO UI SI AN A IL LI NO IS
IN A RO L
IA FO RN LI CA
IO TA R ON
Finance Canada, April 2015
RWDI is an international company with ofﬁces all over the world. Being headquartered in Guelph, our access to the U.S. is quite easy, and its central location to border crossings and international airports is key to servicing our transportation needs. Michael Soligo CEO, RWDI RWDI is the largest wind and environmental engineering ﬁrm of its kind, with 15 ofﬁces world-wide. Their plans for signiﬁcant expansion over ﬁve years will be focused in Guelph and will double their current staff complement.
COST ADVANTAGE Reap the rewards of Ontario’s low-cost, low-tax environment. Ontario’s combined federal and provincial corporate tax rate is lower than the average federal-state tax rate in the United States, and lower than the G20 average.
THAT’S RIGHT: lower than other major investment destinations like New York, California, Florida, Texas and North Carolina, or the UK, France, or Germany. Plus, Canada has the lowest overall tax rate on new business investment in the G7.
COMMITTED TO KEEPING IT THAT WAY: the City of Guelph connects businesses with senior levels of government and identiﬁes funding and support programs designed to help make your business more competitive.
IN THE G7. And thanks to our universal health-care system, Ontario employers beneﬁt from health-care costs that are half of what they would be in the United States.
IN THE DEVELOPED WORLD,
+ LOWER TAXES
ARE ALSO AMONG THE
AVERAGE LABOUR COSTS
OUR LABOUR COSTS
TAX RATE ON NEW BUSINESS INVESTMENT, 2015
0 Source: KPMG Competitive Alternatives, 2014
INNOVATIVE AND ENTERPRISING We’ll help bring your big ideas to the world. Guelph promotes an entrepreneurial culture where new ideas ﬂourish. We’re home to some of the world’s most innovative companies in key growth sectors including agri-innovation, advanced manufacturing, and clean technology.
A HOTSPOT FOR RESEARCH AND DEVELOPMENT
A wealth of programs and services is available to support businesses in a variety of areas including research, training programs, commercialization and technology transfer, and more. Your business will beneﬁt from the most generous R&D tax credits of any G7 country.
Strong support for R&D creates an innovation ecosystem that attracts top talent, including leading scientists with ahead-of-the-curve ideas. With several of Canada’s best universities, including the University of Guelph, right on your doorstep, the opportunities for collaboration in Guelph are as boundless as your vision.
Dr. Franco Vaccarino President and Vice Chancellor, University of Guelph
IS SPENT ON R&D
INNOVATION DRIVES GROWTH
GUELPH BUSINESSES We live in a time where the fast-paced change of information and knowledge is making research ever more important. The University of Guelph is a hub for research and a wonderful platform for continued partnerships between our researchers and the business sector.
MORE THAN $ 14 BILLION
2009 2010 2011 2012 2013
Source: EMSI Analyst, 2014
TALENT ABOUNDS Expertise you can rely on In today’s economy, access to global talent is critical to meet the growing demand for the technical skills that fuel growth. The region’s highly educated and skilled labour force coupled with Guelph’s central location and commuter links provide employers with ready access to the employees they need.
MAJOR EMPLOYERS PRIVATE EMPLOYERS > > > > > >
Linamar Corporation Cargill Meat Solutions Polycon Industries The Co-operators Guelph Tool Inc. Blount Canada Ltd.
> > > > >
Guelph labour force
Post-secondary students and graduates within a one-hour drive of Guelph
Upper Grand District School Board University of Guelph Wellington Catholic District School Board Guelph General Hospital Ontario Ministry of Agriculture and Rural Affairs
Labour force in region*
A TOP DESTINATION FOR NEW IMMIGRANTS. Ontario attracts nearly half of the people who move to Canada each year. One in ﬁve Guelph residents is an immigrant to Canada, and 67% of new immigrants to the region have a post-secondary degree.
of Guelph businesses surveyed said the stability of the workforce is
GOOD TO EXCELLENT
Source: Guelph BR+E Business Visitation and Survey, 2014.
*Data for the region includes the census metropolitan areas (CMA) of Guelph, Kitchener-Cambridge-Waterloo, and Hamilton.
Being centrally located in Guelph provides NSF-GFTC with prime access to the professional and skilled labour we need to remain competitive in a global marketplace. Petra Schennach Global Managing Director, NSF International, NSF GFTC
NSF International broke ground on a 25,000 square foot Canadian hub located at the heart of the Ontario Food Cluster in the University of Guelph’s Research Park.
As far as complexity goes, our project was a nine out of 10. We found that every time we approached staff it was a very collaborative experience. We had the ability to sit down and solve problems together. Without that, we would likely still be years away from breaking ground. Lee Piccoli CEO, Fusion Homes
Fusion Homes started development on The Metalworks, Guelph’s largest mixed-use brownﬁeld condominium development. This project works toward many of the targets of Guelph’s downtown growth plan.
PARTNERS IN BUSINESS Your success is our success. Guelph is a city open to new ideas, proud of its tradition of collaboration and supporting new development opportunities.
What is unique to Guelph is that you don’t just get an individual or a single organization looking after your interests, you have an entire team. So whether it’s connecting you with opportunities beyond our borders or locally, you have a cluster approach to support the growth of your business. Kithio Mwanzia President and CEO, Guelph Chamber of Commerce
PRIMED FOR OPPORTUNITY Working with local and regional partners, the City of Guelph continues to lay the groundwork for business success through initiatives such as: > developing and marketing over 200 acres of new employment lands in the Hanlon Creek Business Park > strategies that are revitalizing the city’s downtown core with new residential and commercial development > expanding regional transportation options for commuters and employers > award-winning programs to address the needs of local businesses and support economic growth > building investment capacity by encouraging private-sector brownﬁeld development > strengthening partnerships with the region’s post-secondary institutions to focus on the needs of business
The Metal Works Development Hanlon Creek Business Park
One of Canada’s most liveable cities
THE GUELPH VIBE
We’re one of Canada’s safest cities, one of its smartest, and its volunteer capital. We’re rich in culture and history, architectural heritage and natural, open spaces. Our residents enjoy a combination of big-city amenities and small-town ambience.
Walkable, transit-friendly neighbourhoods enhance the city’s economic and social vitality. With abundant parklands and miles of trails to explore, no matter where you live in Guelph, nature is right outside your door. The city’s thriving cultural scene features renowned music festivals, art galleries, theatre, and ﬁne restaurants — there’s something for everyone just about every day of the week.
THE EDUCATIONAL SYSTEM Guelph schools offer a full range of unique and innovative educational programs to suit a variety of needs from pre-school to post-secondary.
Gadﬂy Dance Company
You CAN have it all.
From family-friendly suburbs to upscale condo living in the downtown core, Guelph offers a full range of housing and lifestyle options for all income levels.
The University of Guelph is consistently ranked as one of Canada’s top universities. The University of Waterloo and Wilfrid Laurier University are also nearby in Waterloo, and ﬁve other major universities are within an hour’s drive of Guelph.
With the population expected to grow steadily to an estimated 169,000 by 2031, the City of Guelph will continue working with private and public sector partners to fuel Guelph’s business potential.
Guelph employers also tap into the many career-focused programs and apprenticeship training opportunities at Conestoga College, one of Canada’s leading polytechnic institutions.
POPULATION GROWTH CITY OF GUELPH 169,000
Although our new location in Guelph is within commuting distance of our previous ofﬁce, many of our employees chose to move their families to Guelph because of its reputation as a great place to live. The City of Guelph did a fantastic job in helping our employees and their families transition to their new home.
150,000 130,000 114,943
100,000 90,000 87,976
Ernie Sweeney President and CEO, Würth Canada
Source: Statistics Canada, 2011
Würth Canada moved its Canadian head ofﬁce to Guelph’s Hanlon Creek Business Park to take advantage of the abundance of available land and access transportation corridors.
PLANNING FOR THE FUTURE Guelph’s prosperity is by design. Since founder John Galt laid out his vision in 1827, Guelph has ﬂourished through thoughtful planning and community engagement. The City’s economic development strategy creates an investment-friendly climate that continues to add value to our social, economic and environmental assets. By working with the business community to create new investment opportunities, Guelph is building the connections that will continue to sustain our city and its enterprises in years to come.
The City of Guelph’s economic development ofﬁce is here to help your business succeed by providing: > site location analysis, with a range of available City-owned and private lands and buildings to suit your needs > assistance with expansion projects > advice and referrals to senior government organizations and funding agencies We recognize that every business is different and we’re committed to ﬁnding solutions that meet your speciﬁc needs. Contact our ofﬁce to start the conversation – we look forward to hearing from you!
Guelph Economic Developement City of Guelph 1 Carden Street Guelph ON N1H 3A1 519-837-5600 [email protected] guelph.ca/biz Data source information 519-822-1260 x 2823 [email protected]
Copyright 2015. City of Guelph. This material is the sole property of City of Guelph and may not be reused or modiﬁed without express written permission.