John Davidson Director, Halton Region Economic Development 1
2015 Business Conditions Survey Results 83% of respondents expect economic conditions to remain stable or improve in the upcoming year. Staffing Levels Past 12 Months Hire or Maintain Decrease Business Profits Past 12 Months Increased or Steady Decreased Availability of Skilled Labour Excellent, Good or Adequate Poor 2
2015 Business Conditions Survey Results Competitive Position Key locational advantages of Halton: Quality of Life 67% Availability of Suitable Space 32% Availability of Land 29% Market Access 27% Cost of Space 27% Proximity to Suppliers 23% Percentage of respondents that rank Halton as having an advantage to the rest of the GTHA 3
Employment Lands: Servicing & Planning Update Milton Derry Green Corporate Business Park Regional Servicing: $63.2M trunk infrastructure (initiated 2011/ completion 2016) Planning: Secondary Plan approved by Region in 2013, OMB approval 2015. 4
Employment Lands: Servicing & Planning Update Halton Hills 401 Corridor Regional Servicing: $42.7M trunk infrastructure (initiated 2011) Regional Planning: ROPA 38 added 240 ha of employment lands, ROPA 43 re-phased employment areas affected by GTA West EA post 2021 5
Employment Lands: Servicing & Planning Update Oakville Winston Park West Regional Servicing: $8.3 million trunk infrastructure (initiated 2011) Status: trunk water and wastewater servicing in place; to be completed by year end. 6
Employment Lands: Area Servicing Plan Update Bronte Meadows contract awarded, work underway expected completion of water and wastewater components February 2016 Midtown Oakville request for proposals issued contract awarded December 2015 7
Employment Lands: Area Servicing Plan Update Halton Hills 401 Corridor RFP being prepared and will be issued at the appropriate time in the Town s Secondary Plan process Milton Education Village Discussions underway with Town of Milton, no date set. 8
Policy Framework: 2017 Development Charges By-law 9
Local Municipal Updates: Burlington Economic Vision November 2015: Employment lands Entrepreneurship Population and employment targets Investment attraction 10
Significant Developments: Burlington Kamisa Executive Centre Kamisa Investments Ltd. 60,000 sq.ft. Class A Office $7.7 M Cogent Power Giffels WestPro 125,000 sq.ft. Manufacturing and Office $12.8 M 11
Local Municipal Updates: Halton Hills Economic Development Strategy implementation Secondary Plan for Premier Gateway Phase 1B employment area Broccolini Construction 629,000 sq.ft. industrial building on the 401 Corridor just west of Fifth Line Broccolini Construction development 12
Significant Developments: Halton Hills 8020 Fifth Line Hopewell Developments 285,000 sq.ft. Warehouse $11.6 M 7951 Fifth Line Bentall Kennedy 62 acres prime industrial land 13
Local Municipal Updates: Milton Record setting year 2.5M sq.ft. ICI Milton Education Village Innovation Centre offices fully leased Knowledge Lives Here and Milton Makes it Happen marketing campaigns Website refresh & social media strategy 14
Significant Developments: Milton 8640 Escarpment Way HOOPP 248,000 sq.ft. Warehouse $10.5 M Emery Distribution Centre Emery Investments 410,000 sq.ft. Warehouse $40 M 15
Local Municipal Updates: Oakville 2015/2016 initiatives: Brownfield Strategy FindOakville FDI Office campaign Employment & commercial land review Health-Oriented Mixed Use District east of new hospital Oakwoods, First Gulf and Westbury Intl. Centre Oakville Trafalgar Memorial Hospital 16
Significant Developments: Oakville Great Lake Business Park Phase III Pauls Properties 36,640 sq.ft. and 50,100 sq.ft.flex Office/Industrial $19.2 M Joshua Creek Corporate Centre Phase II Carttera 8,475 sq.ft., 47,460 sq.ft. and 34,800 sq.ft. Flex Office $15.3 M 17
Development Activity: Construction Value and GFA Non-Residential Floor Area Built since 2005: over 36 million sq.ft. ICI Construction Value Trends since 2005: $6 billion 18
Economic Development Services Investment Attraction Investment Response Team Website and Data Centre First Point of Contact 19
Thank you halton.ca/investinhalton 20