Each year Halton Economic Development asks local executives to provide information 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 and 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.