Students: Be Your Own Boss this Summer! Apply to the Summer Company Program

Are you a returning student aged 15-29 and want to start and run your own business thisSummer Company Blog Photo summer? Apply to the 2019 Summer Company program offered through the Halton Small Business Centre. The deadline for applications is May 10th!

Join us on April 29th and May 8th from 6 pm – 8 pm for our optional Summer Company Information & Working Session. The Session will provide an overview of the program and an opportunity to work on writing your Summer Company business plan.  Halton Small Business Centre staff will be on hand to answer questions.  Bring your laptops!  E-mail us at summer.company@halton.ca for more information and to register to attend.

Summer Company is an excellent program that provides students with real world experience starting and running their own summer business.  Along with an opportunity to receive a grant up to $3,000, students benefit from the guidance of our experienced business consultants along with volunteer mentors from the community.

Past participants have praised the Summer Company program for its beneficial mentor advice and valuable business training, and opportunities to connect with fellow young entrepreneurs to share ideas, challenges and successes.

Many of our past participants have been able to continue to run their businesses after graduation and throughout the school year to supplement their income.  Learn more about our 2018 program participants and their success stories.

Summer Company is funded by the Province of Ontario. If you would like to learn more about this program, check eligibility requirements or apply online, visit ontario.ca/summercompany.

For more information about Halton Region’s Small Business Centre resources, services, business events and seminars, contact us by dialing 311 or 1-866-442-5866, visiting us online at haltonsmallbusiness.ca, emailing at smallbusiness@halton.ca or visiting us at 1151 Bronte Road, Oakville. You can also follow us on Twitter and find us on Facebook.

 

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Data Insights – Halton Region 2018 Economic Review

Just released! Halton Region’s 2018 Economic ReviewEconomic-Review_cover-page

The 2018 Halton Region Economic Review provides an overview of Halton’s economy and real estate market during the past year, Halton-related business news highlights and progress in employment land development. The Review also provides insight into Halton’s competitiveness within the Greater Toronto and Hamilton Area.

Results from the 2018 Halton Region Economic review confirm that our local economy continues to perform well.  Halton’s sustained economic growth can be attributed to our fast growing population, diverse industry sectors, highly talented labour pool and communities that rank highest for quality of living and attract billions of dollars in business and development investment.

Highlights from the 2018 Halton Economic Review include:

  • Halton’s population is estimated to be 583,363 in 2018 making Halton the fastest growing (by population) region in the Greater Toronto Area.
  • Halton’s average unemployment rate of 5.3 per cent is lower than the annual average for the Greater Toronto Area (6.1%), Ontario (5.6 %) and Canada at (5.9%).
  • Halton’s largest development that broke ground in 2018 was global logistics
    leader DSV Canada’s new head office and logistics complex in Milton’s Derry Green Business Park. The 1.1 million square foot complex is expected to open in late 2019 and is expected to employ over 800 workers.
  • Halton continues to see strong development activity with total construction valuesConstruction Site View With Tower Crane in the Region topping the $1 billion mark and more than 3.8 million square feet of non-residential floor space built or under construction.
  • The Halton housing market remains among the strongest in Ontario. Over the past five years, there were nearly 20,000 new housing starts and existing home sales topped 43,000.
  • Eighty per cent of Halton businesses surveyed 2018 Business Conditions Survey, expect economic conditions over 2019 will remain stable or improve.
  • MoneySense ranks Halton communities high in their list of the Best Places to Live in Canada with The Town of Oakville claiming first place.

We invite you visit our website and download the 2018 Halton Region Economic Review.

WE’RE HERE TO HELP!  

Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy.  Explore our Resource Library to view a variety of reports, publications and videos.  For more detailed statistics and historical trends, visit our Data Insights webpage.

Stay up-to-date! Sign-up to receive the latest economic development information in your Inbox.

 

 

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Minister Ng talks trade diversification and Halton’s Global Business Centre

On Tuesday, March 12th, Halton Region and the Oakville Chamber of Commerce hosted a breakfast with the Honourable Mary Ng, Minister of Small Business and Export Promotion.

Halton Regional Chair Gary Carr kicked off the morning event delivering greetings andBkfast w Honorable Mary Ng_059 highlighting the important work of Halton’s local Chambers of Commerce and Halton’s Economic Development Division, including the new Halton Global Business Centre.  Local efforts like these help to create and maintain jobs in the region and make it a location people want to live, work and retire.

Minister Ng’s keynote and fireside chat focused on the role of Canada’s small businesses in the economy, the opportunities that trade Bkfast w Honorable Mary Ng_111diversification offers small businesses, and the importance of making export tools and resources available to all businesses to succeed.

Minister Ng cited Canada’s key trade agreements with countries throughout the world – Canada is the only G7 country with trade agreements with all other G7 countries.  Canada’s trade agreements give Canadian businesses access to 1.5 billion potential new customers worldwide.  Minister Ng encouraged small businesses to look at markets outside of North America for trade opportunities – with the right assistance and tools, Canadian companies can expand their export capabilities and play on the world stage.

Awareness, and accessing the right help and resources was identified as some of largestBkfast w Honorable Mary Ng_092 barriers to market entry for many small businesses.  Minister Ng congratulated services like the Halton Global Business Center for raising awareness and providing the right tools and assistance at the local level for businesses interested in going global or expanding their export activities in new markets.  The Halton Global Business Centre (GBC) serves as an initial and critical first point of contact into Canada’s extensive export ecosystem, providing support to Halton businesses in four main ways:

  1. Advisory and consultation services:
  2. Export-focused events, seminars and programs
  3. Tool and resources to help assess and plan your export journey
  4. Connecting clients to relevant programming and partners at other levels of government

The event ended with a series of breakout sessions on topics including: Funding Options, Insurance & Finance, and Market Research & New Market Entry, facilitated by Halton Global Business Centre partners, including Export Development Canada (EDC), Business Development Bank of Canada (BDC), Canadian Trade Commissioner Service (TSC), and the Ministry of Economic Development, Job Creation and Trade (MEDJC).

For more information about how the Halton Global Business Centre can help you succeed in today’s global marketplace, visit or contact us today!  For information about our upcoming events and seminars, sign up to receive our e-mail updates.

 

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DataInsights – 2018 Halton Business Conditions Survey

Each year Halton Economic Development asks local executives to provide informationLPS-1913899_Business Conditions 2018_cover about current business and economic conditions. The information gathered helps to provide better informed initiatives and policies that support Halton’s business community.

Businesses from all four Halton’s municipalities participated in the 2018 survey including for-profit sectors such as manufacturing, construction, professional and business services, science and technology, finance, insurance and real estate, wholesale, distribution & logistics and retail.

Halton businesses are optimistic about the future!

The 2018 survey report shows that Halton business owners are performing well, and investing in the future, and that they view Halton as a competitive location within the Greater Toronto and Hamilton areas (GTHA).

Highlights from the report:

  • Four in five businesses surveyed in 2018 are optimistic about the future and expect economic conditions to remain stable or improve.
  • Half of these businesses are anticipating increased profits over the next 12 months.
  • Two in five businesses plan to hire additional employees in 2019.
  • Three out of five businesses are investing in capital assets and in skills training to increase productivity.

The 2018 Halton Business Conditions Survey Report also shed light on Halton exporters.  Much of Halton say exports are headed to the United States.  In fact, of the survey respondents that export, 92% say they exported to the United States in 2018.

Diversifying export markets can help businesses become more innovative, profitable andTwitter_GBCCampaign resilient – as well as provide protection from exchange rate volatility and political and economic risks.    Contact the Halton Global Business Centre to learn how to take advantage of government programming and export-oriented supports that can help your Halton business enter new international markets.

WE’RE HERE TO HELP!  

Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy.  Explore our Resource Library to view a variety of reports, publications and videos.  For more detailed statistics and historical trends, visit Halton Data Insights.

 

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DataInsights – Halton’s Q4 2018 Economic Performance

Halton Region Economic Development’s quarterly newsletter reports on Halton’s economic performance with respect to development, labour force, and real estate markets. Download the report from the Invest Halton Resource Library and sign-up here to receive Economic Updates delivered to your inbox.

Highlights from the 2018 Q4 Economic and Development Activity Report:

The pace of development across Halton remained steady throughout 2018, as total building permit construction value landed within the $400-$500 million range per quarter.

Significant projects underway in the fourth quarter:

  • A new distribution warehouse by QuadReal at 20 Westbridge Drive in Halton Hills ($36 million)
  • A Hampton Inn and Suites Hotel at 1215 Appleby Line in Burlington ($15 million)
  • an office expansion at Elm Corporate Centre at 2800 High Point Drive in Milton ($13 million)

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Also, a ground breaking was held in Q4 2018 for DSV Canada’s future Canadian head office and state-of-the-art logistics complex. The 1.1 million square foot facility will be the largest of its kind in the DSV network worldwide.

Halton’s talented workforce is in demand

The region’s Q4 unemployment rate of 4.8% was slightly lower than the national (5.4%), provincial (5.3%) and overall Greater Toronto and Hamilton area (GTHA) (5.3%) figures.

We’re here to help.  Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy. For more detailed statistics, visit our Invest Halton Data Insights webpage.

 

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Data Insights – Canada’s Best Managed Companies 2019

Deloitte recently released the list of 2019 Canada’s Best Managed Companies.  The 2019 Best Managed Companies attribute success to an increased focus on Best managed companiesinvestment in technology and talent, innovation, and cross-border business. Best Managed winners also make future planning a priority by actively identifying and preparing for new challenges on the horizon.

Congratulations to the following Halton-based companies recognized as some of the best-managed companies across Canada.

Platinum Winners

These companies have been named some of Canada’s Best Managed Companies for more than seven years running.

  • ASL Distributions Services Ltd., Oakville
  • Evertz Technologies Ltd., Burlington
  • Hunter Amenities International Ltd., Burlington
  • Levitt-Safety, Oakville
  • Sargant Farms, Milton
  • Superior Glove, Acton

Gold Winners

After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years.

  • ASTOUND, Oakville
  • Callisto Integration Corp., Oakville
  • Gerrie Electric Wholesale Ltd., Burlington

Returning Winners

These companies are returning to the list of Canada’s Best Managed Companies for their second or third year.   

  • Geotab, Oakville
  • McKeil Marine, Burlington

We’re here to help.  Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy.  Explore our Resource Library to view a variety of reports, publications and videos.  For more detailed statistics and historical trends visit the Halton Data Insights webpage.

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DataInsights – Halton’s Q3 Economic Performance

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Q3 2018

Economic and Development Activity Report

Halton Region Economic Development publishes a quarterly newsletter that reports on Halton’s economic performance with respect to development, labour force, and real estate markets. Sign-up here to receive the quarterly report delivered to your inbox.

Highlights from the 2018 Q3 Economic and Development Report:

Construction activity slows during the third quarter of 2018

Emerging from record-breaking levels of development initiated across Halton during 2017, total building permit construction value declined by 26% year-over-year in Q3 – suggesting a return to normal growth trends. Despite a significant decline in total construction value, commercial construction permits remained strong with a few substantial building projects. A major commercial development initiated during the quarter was a $4.7 million investment in building alterations at Alphor Research Inc. at 2884 Portland Drive in Oakville. In addition, Oakville Trafalgar Memorial Hospital added a $4 million parking garage.

Halton’s industrial and office real estate markets continue to be high in demand

Halton’s industrial availability rate dropped a further 1.8 percentage points year-over-year to 4.2% during the third quarter of 2018. This is an indicator of strong demand in the industrial market – despite large inventory, absorption rates are high and availability rates are low. The vacancy rate in the office market edged up 0.8 percentage points and absorption increased by a modest 22,051 sq. ft. – signifying stability in the commercial market. Industrial average net asking rents increased by $0.43 year-over-year to $6.70 per sf. in the third quarter.

We’re here to help.  Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy. For more detailed statistics, visit our Invest Halton Data Insights webpage.

Posted in Data Insights, Economic Development, Halton building permits, Halton commercial real estate, Halton economic performance, Halton industrial real estate, Halton Quarterly Reports, Uncategorized | Tagged , , , , , | Leave a comment