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Enjoy Video Markham is Canada's high tech capital, with over 400 company multinational headquarters and 1,500 technology and life scientific researches companies. Markham has among the highest possible educated labor forces in Canada because of its public education system and waves of skilled immigrants to the region. Markham has the lowest commercial tax price in the Greater Toronto Area.




We have a rather diverse economy here in the City of Markham. We are part and parcel of the Greater Toronto Location (GTA) but when it involves the main sectorsthere is no question about itthe modern technology market is by much the biggest field that we have in our community.


To place that in perspective, we are the second biggest details technology (IT) hub in the countrysecond only to the city of Toronto. We also have an economic field right here with banks that have local offices situated within our neighborhood, and international banks that have their Canadian head workplaces below.


It is rather intriguing, when you rise the Highway 404-Highway 407 hallway, you will certainly see some of the greatest names in design firms that are doing work below in Ontario, in various other components of Canada, and internationally. We have become quite a hub for some of those specialist services found here in the city.

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Markham's economic situation is really diverse, however as much as we call ourselves Canada's high-tech capitaland we have over 400 company multinational headquarters herewe are actually no various than lots of other communities in the feeling that the large majority of organizations are little- and medium-sized ventures (SMEs). They are the local business, whatever from 5 to 20 employees, and we have countless those located within our neighborhood.


Markham and Toronto are extremely connected, and some communities may see that as a curse, but I see it as a true blessing because we are the second biggest IT center in the country, second just to the city of Toronto. There are all-natural connections in not simply the IT industry however various other sectors as well, where we have people that might live in Toronto and they are pertaining to function for our firms.


Yet what attaches us to Torontoand certainly the remainder of the GTAis the transportation system. This is seriously essential in any kind of city, and Freeways 404 and 407 not only assist attach us to components of Toronto however to the various other parts of the GTA. Our neighborhood attracts attention in numerous respects and we hold our own.

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We hold our own in the industries that are right here, and we additionally have one of the highest percents of post-secondary informed labor force in the country (Markham map). That is in component because of our education and learning system, but it is likewise because when the waves of migration were happeningbecause of the standards of getting right into Canadawe had the ability to attract people that came right here that are very skilled, highly informed and have an amazing quantity of experience in various other jurisdictions


One is our ecological community. The reason is we are an area of our size with a number of IT business, and it is not that they are standalone entities, it's that we functioned really his explanation hard at developing an environment that sustains technology and advancement. Our local technology centre, ventureLAB, has stuck out in regards to the start-up firms and the assistance they have provided to international direct financial investment.


There is an ecological community of ventureLAB and even York College, who have actually likewise opened up a technology centre right here in Markham, YSpace. There are a few other exclusive firms that likewise have study centres and innovation centres within their own corporations. There are 5 business below in Markham that would certainly be in the leading 10 of research and growth investors.


Recently we had the ground damaging for a new university for York University right below in the city of Markham. This specific campus is going to be incorporated with the companies that are below. They are going to be working hand-in-hand to develop the educational program so that the graduates of tomorrow will certainly have learned the skillsets that the companies are trying to find.

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If a business was aiming to invest not just in IT but in pharmaceutical or expert system, this is the location to do it because we have the peoplewe are mosting likely to have even more graduates out of York College which will certainly be positioned to function for those firms. "If a company was looking to spend not just in IT yet in pharmaceutical or fabricated intelligence, this is the area to do it." Besides the typical activities ventureLAB is doing to support firms, we likewise have the Equipment Stimulant Effort.


This Hardware Stimulant Effort will be a lab where companies and organizations can collaborate to establish brand-new innovation to create that other capability and for it to be developed right below in Canada. Among the things that I commonly say concerning the City of Markham, is that lots of neighborhoods will certainly inform you that they roll out the red carpetand it is a great feeling when you are walking down the red carpetbut it is what takes place when you stroll via the front door.


This is why Honda Canada (Markham hour) pertained to the City of Markham. They were under a lot of pressure since they have been looking in other places to open up their head workplace and circulation centre in Ontario and Canada, and we got them with an official plan amendment, their zoning and site strategy, in a matter of 8 months

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It is that concierge solution that we provide not just on the red carpet but after you make it through the front door. Markham has a city government that functions hand-in-hand with capitalists when they come right here since we want them to be effective. There is likewise great information for financiers at the provincial levela great deal of red tape being reduced in Ontario, attempting to simplify the financial investment procedure.


"Markham has a neighborhood government that functions hand-in-hand with capitalists when they come right here due to the fact that we desire them to be effective." Our skill pool is strongwe have one of the highest possible post-secondary informed labor forces in the entire nation, and we currently have a public university that is mosting likely to enhance our setting because regard.


We have the complete package, and we collaborate with investors to make points take place as promptly and as efficiently as we can. Share Limelight Meeting.

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