Durham Region, Ontario, Canada an Emerging Power The Durham Opportunity September, 2009
The Durham Opportunity 3 Key Messages * Significant investment is happening today in Durham * Economic transition is creating tremendous opportunities * Durham is an affordable real estate location option The time to act and invest in Durham is now!
What is driving the investment and activity in Durham Region? Major investments in infrastructure
Nuclear in Durham Durham s largest employer (OPG) Major Refurbishment projects under review Proposed nuclear new build under review Significant direct and indirect employment generation Demand driver for new industrial and office space and land
University of Ontario Institute of Technology Focus on tech-based manufacturing, energy, internet security, health & bio-science Strong industry-driven research/ commercialization mandate Major funding investments over 1 million square feet of campus space built since 2003 Expansion into Satellite campus in Downtown Oshawa New Energy Systems and Nuclear Science Research Centre - $45M
ACE - GLOBAL Advanced centre for the development of next generation automotive technology at UOIT Opening 2010 (Phase1 - GMCL ACE) - Total investment of over $135 million Includes one of the Worlds most advanced climatic wind tunnels for transportation equipment Facility will be of interest to other sectors, including aerospace, renewable energy
Durham College 30,000 full and part time students Focus on advanced manufacturing, energy, and health New Renewable Energy Training Centre living lab Major recent funding investments Renewable Energy Training Centre - $9M Skilled Construction Trades Centre - $10M
Transportation Moving people and products Durham has received and will continue to see major investment in transportation infrastructure Highway lanes and interchanges Deep water ports Airports serving business needs Rail/intermodal services
Population Growth also continues to drive Demand Population: 2008-607,000 2031-1,000,000 5 year growth rate of 11.7% Driving population related development A large local labour pool
The results in Durham are on-going business investments in a broad range of key economic sectors New corporate investments, including: Aker Solutions new 90,000 s.f. manufacturing facility Algoma Orchards - new distribution facility Atlas Logistics new 875,000 s.f. food distribution centre Messier-Dowty - major expansion in aerospace landing gear manufacturing Northern Mould and Metal Fabricating new 10,000 s.f. manufacturing facility Optima Communications International - new 250 seat call centre Purdue Pharma - $32M expansion in research and development faciities SNC Lavalin new nuclear engineering office Stanmore Equipment - new 67,000 s.f. head office and manufacturing facility Ennis Paint relocation of 76,000 s.f. manufacturing/distribution centre
Durham s Economic Transition is creating opportunities
Sectors of Strength Tremendous opportunities exist in traditional and emerging sectors, and particularly where there is convergence between them.
Durham Region s Five Key Economic Sectors Examples of Transition and Convergence Opportunities Transportation & Automotive Next-Gen Auto Assembly & Parts Engineering services Automation Information Technology Smart Metering Internet Security Sustainable Energy Nuclear Generation & Research Renewable Technology Development & Manufacturing Energy from Waste Bio-science & Agriculture Plant & Livestock Genetics Alternative Materials & Fuels Food Processing Health & Wellness Health & Wellness Medical Laboratory Training Cancer Research Centre
Technology-Based Manufacturing - at the heart of Durham s Business strength A diverse base of companies University/College supported activities and research Sub-sectors of note include: - environment - bio/life science - aerospace & military - information technology - automotive - oil sands related industries
Energy Sector Ontario s s Energy Capital 30% of Ontario s s energy production Unique university programs and research New renewable energy skills training centre Significant workforce with engineering capabilities
The Durham Strategic Energy Alliance (DSEA) www.dsea.ca
Durham Region is an affordable real estate location option
Durham has a range of affordable real estate options for industrial and corporate users
Durham has shovel ready sites across the region for a wide range of industrial and office users
Durham Region is an affordable location option GTA Industrial Land Price (per acre) Comparison Table Durham Region $155,000 - $350,000 Toronto $372,500 - $545,000 York Region $350,000 - $775,000 Halton Region $411,250 - $575,000 Peel Region $375,000 - $835,000
Durham Region is an affordable location option Industrial Lease Rate (Avg. Net p.s.f.) Comparison Table GTA East $5.12 $4.00 - $5.75 GTA Central $4.47 $2.75 - $6.50 GTA North $5.54 $4.00 - $7.00 GTA West $5.16 $4.25 - $6.00
Durham Region is an affordable location option Total Industrial Development Charge (per s.f. of GFA) Comparison Chart Durham Region $2.31 - $6.09 Peel Region $10.30 - $11.78 York Region $11.27 - $14.30 Halton Region $13.76 - $19.72
Services to the Real Estate Community
Services for Location Searches and other Broker support Request for Information response packages/support materials Land and Building searches (coordinated with local municipal partners) Real Estate/Investment Tours client hosting Connection to other supporting agencies and groups - municipal planners & engineers; utilities - College/University - Local Training Board & employment network - Provincial and Federal agencies and programs - business/industry organizations Listing promotion through joint local-regional investment attraction programs
Our Municipal Economic Development Team Region of Durham Town of Ajax Township of Brock Municipality of Clarington & Clarington Board of Trade City of Oshawa City of Pickering Township of Scugog Township of Uxbridge Town of Whitby Patrick Olive, Commissioner Doug Lindeblom, Liisa Ikavalko, Marlene Werry Lisa Hausz, Judy Wight Katherine McCann Sheila Hall, Bonnie Wrightman Cindy Symons-Milroy, Rhonda Keenan Lynn Winterstein, Catherine Hodge Beverly Hendry Ingrid Svelnis Sheila McGrory, Fiaz Jadoon, Kasia Chojecki
Expand Your Vision For more information, contact: Economic Development & Tourism Department 905-668-7711 or 1-800-706-9857 www.durhambusiness.ca info@durhambusiness.ca