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Topic: Economic Development

Hamilton economic growth expected to surpass Ontario average

Hamilton’s economic growth rate is expected to surpass the provincial average in the coming months. According to the Conference Board of Canada’s recent economic outlook report, while Hamilton experienced relatively slower and subdued growth in the latter half of 2023, the city should gain…
Hamilton hits $2 billion in construction value at record pace

It’s been another record-setting year for the City of Hamilton, surpassing the previous record set in 2021 and reaching $2,133,057,915 in construction value. Industrial construction value is also the highest on record, surpassing $526 million. The City officially hit the $2 billion mark on…
Slate Asset Management Unveils Plans for Stelco’s Hamilton Lands

Slate Asset Management, the private equity firm behind the redevelopment of Stelco’s Hamilton lands, plans to submit formal development plans to the city in the coming months. The first phase, set to begin next year, aims to transform the 800-acre industrial parcel into a…
Hamilton named 2023 prime investment destination by Site Selection Magazine

Once again, Hamilton has been listed as a prime investment destination by Site Selection Magazine. In its annual Canada’s Best Locations 2023 report, Site Selection Magazine specifically lauded the Bayfront Industrial Area Strategy, which will assist in creating nearly 4,000 acres of mixed industrial…
Hamilton Harbour land to open to public for first time in more than 100 years

Slate Asset Management, owners of the approximately 800-acre parcel of industrial land that once belonged to Stelco, announced a new name and vision for the massive project at 386 Wilcox St. in Hamilton. Expected to be completed by 2033, Steelport will be developed in…
Hamilton expands brownfield remediation program to ‘breathe new life’ into industrial past

Hamilton’s long-running brownfield remediation program is being expanded. Designed to breathe new life into the city’s industrially contaminated past, the program has led to more than 3,300 residential units and upwards of 1.9-million square feet of industrial, commercial and institutional space. Since 2001, the…
THE ENTREPRENEUR SUCCESS INITIATIVE LAUNCHES IN HAMILTON!

The City of Hamilton officially launched the Entrepreneur Success Initiative at the ESI – OINP Business Forum on February 22, 2023, held at McMaster Innovation Park. The Entrepreneur Success Initiative administered by the Toronto Business Development Centre aims to grow immigrant entrepreneur investment opportunities outside…
AtomVie Global Radiopharma Inc. expands its radiopharmaceutical footprint in Hamilton

The City of Hamilton welcomes another investment to the Airport Employment Growth District! AtomVie Global Radiopharma Inc. (AtomVie), a global leader in the manufacturing and distribution of finished-dose therapeutic radiopharmaceuticals is currently constructing a purpose-built facility for commercial production at 10 Aeropark Blvd. AtomVie…
SKY’S THE LIMIT FOR HAMILTON AIRPORT – INTRODUCTION OF GATEWAY EXPANSION AND SUSTAINABILITY PROJECT

On January 23, Transport Minister Omar Alghabra announced a federal investment to support John C. Munro Hamilton International Airport’s Gateway Expansion and Sustainability Project through The National Trade Corridor Fund (NTCF). This investment will increase capacity at the airport and strengthen the Goods Movement…
Immersive Lab Space and VR Room to Launch In Hamilton

Virtualware, a leading VR solution provider, has partnered with the Faculty of Engineering at McMaster University to launch an immersive lab space and VR room at McMaster Innovation Park (MIP). Virtualware specializes in developing digital business models for industrial applications and is headquartered in…
Ontario premier visits Hamilton to announce new funding for Bimbo Canada to increase production

On Jan. 12, 2023, Premier Doug Ford visited Bimbo Canada’s Hamilton facility to announce $1.5 million in funding provided through the Advanced Manufacturing and Innovation Competitiveness (AMIC) Program to support a new production line at the Hamilton Plant. The AMIC Program offered by the…
Hamilton-based Pasta Mercato use data insights from My Main Street Program to grow their business

Pasta Mercato is one example of a Hamilton small business leveraging data to accelerate their business! Pasta Mercato, a grocery and takeout shop based in Hamilton’s west end accessed My Main Street support through the Hamilton Business Centre. By working with a dedicated Main…
Lift off! John C. Munro Hamilton International Airport significantly grows air cargo traffic

John C. Munro Hamilton International Airport has experienced momentous growth in air cargo traffic. According to Statistics Canada, Hamilton International has increased cargo transport by 59% since 2017, outpacing the rest of Canada which experienced a 3% decline during this period. Hamilton’s airport is…
Hamilton Economic Development Winter 2022 Newsletter

This issue of the Invest in Hamilton newsletter offers profiles of some of the new businesses that are calling Hamilton home, updates on new programs to support our small business and scale-up community, and a 2022 snapshot of key accomplishments in Hamilton. View or…
Hamilton based footwear company, Baffin, partners with Canadian Football League

Baffin celebrates Canadian seasonality through their partnerships which have included the band Arkells, the Hamilton Tiger-Cats, and just recently the CFL and Grey Cup which announced Baffin as their official boot. The Stoney Creek based outfitters which launched in 1979 has developed innovative technologies…
Hamilton-based Technology Company Enedym announces collaboration with Toyota Tsusho Canada Inc.

Enedym, a technology start-up company from McMaster University, has recently announced a strategic collaboration with Toyota Tsusho Canada Inc., a Toyota Group Company, to design and develop switched reluctance motors (SRMs), and inverters for use in North America and Japan. Enedym develops next generation switched…
Hamilton is leading the way towards cleaner steel making

ArcelorMittal Dofasco celebrated their $1.8 B project marking their commitment and progress towards decarbonization at the official groundbreaking ceremony in Hamilton on October 13th, 2022. ArcelorMittal Dofasco is planning to build a 2.5 million tonne direct reduced iron furnace and 2.4 million tonne electric arc…
Getting a slice of the action- Roma Bakery is expanding!

Roma Bakery is the place out of towners “knead to know” as it is a Hamilton anchor and mainstay for pizza, specifically no-cheese slab pizza. The bakery recently celebrated their 70th anniversary and plans to expand their existing facility from 4,000 to 8,000 square feet…
Bayfront Industrial Area Strategy

On September 28th, the Bayfront Industrial Area Strategy was approved by Hamilton City Council. The “Bayfront” is a 1,607-hectare mixed industrial area on the shore of Hamilton Harbour, adjacent to some of the city’s oldest neighbourhoods. The Bayfront has been part of Hamilton’s industrial,…
City of Hamilton receives Government of Canada support through My Main Street Community Activator Placemaking Program

City of Hamilton receives Government of Canada support through My Main Street Community Activator Placemaking Program October 11, 2022 –City of Hamilton, ON –The City of Hamilton is pleased to announce that its “Anything is Possible on Barton” project was selected for the My Main…
Hamilton Economic Development FALL 2022 Newsletter

It has been a summer of great gains for Hamilton, with the launch of exciting developments, investments and programs. This issue of the Invest in Hamilton newsletter offers profiles of some of the new businesses that are calling Hamilton home, updates on new programs and…
Hamilton Tech Company, ENA electronics, moves for the 6th time to accommodate growing business

What good is cutting edge technology, when it’s out of service? ENA Electronics Laboratories is a world-leading technology firm from Hamilton that is doing the work behind the scenes to keep Hamilton companies (and beyond) on task, on time and on budget. ENA Electronics Laboratories…
Hamilton first municipality in Ontario to offer innovative service for business financing

MEDIA RELEASE For Immediate ReleaseSeptember 29, 2022 HAMILTON, ON – The City of Hamilton has launched a unique tool to assist businesses in finding funding faster…
McMaster University and Hamilton Economic Development globally recognized for talent development program

The International Economic Development Council (IEDC) recognized both McMaster University and Hamilton Economic Development with an “Excellence in Economic Development Award” for their innovative talent development program. The Humanities Career Apprenticeship Program is an exciting collaboration between McMaster University’s Faculty of Humanities, and the…