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View Video Markham is Canada's advanced resources, with over 400 business multinational headquarters and 1,500 tech and life sciences firms. Markham has one of the highest possible enlightened workforces in Canada due to its public education and learning system and waves of competent immigrants to the area. Markham has the most affordable industrial tax obligation rate in the Greater Toronto Location.

We have a rather diverse economic climate here in the City of Markham. We are part and parcel of the Greater Toronto Area (GTA) but when it involves the primary sectorsthere is no question concerning itthe innovation sector is without a doubt the largest market that we have in our neighborhood.


To put that in viewpoint, we are the second biggest details innovation (IT) hub in the countrysecond just to the city of Toronto. We also have a financial industry right here with banks that have regional workplaces situated within our community, and worldwide banks who have their Canadian head workplaces right here.


It is quite interesting, when you rise the Highway 404-Highway 407 hallway, you will see a few of the most significant names in engineering companies that are doing job right here in Ontario, in various other components of Canada, and worldwide. We have actually come to be rather a center for some of those professional solutions situated below in the city.

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Markham's economy is very varied, yet as much as we call ourselves Canada's state-of-the-art capitaland we have over 400 business multinational head office herewe are actually no various than numerous other communities in the feeling that the vast majority of companies are little- and medium-sized business (SMEs). They are the little services, whatever from 5 to 20 employees, and we have hundreds of those located within our neighborhood.


Markham and Toronto are really attached, and some communities could see that as a curse, yet I see it as a blessing because we are the 2nd biggest IT hub in the nation, 2nd just to the city of Toronto. There are all-natural relationships in not simply the IT field but various other markets also, where we have people that might live in Toronto and they are pertaining to benefit our companies.


But what links us to Torontoand certainly the remainder of the GTAis the transport system. This is seriously vital in any kind of city, and Highways 404 and 407 not just assist link us to components of Toronto yet to the various other parts of the GTA. Our area attracts attention in many areas and we hold our own.

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We hold our very own in the industries that are below, and we additionally have among the greatest portions of post-secondary educated labor force in the nation (Markham zip code). That is in part due to our education system, however it is also due to the fact that when the waves of migration were happeningbecause of the standards of getting involved in Canadawe were able to bring in individuals that came right here that are highly proficient, extremely educated and have an incredible quantity of experience in various other jurisdictions


One is our community. The reason is we are a neighborhood of our dimension with a number of IT firms, and it is not that they are standalone entities, it's that we worked really hard at creating a community that sustains innovation and development. Our local innovation centre, ventureLAB, has stood out in regards to the start-up companies and the assistance they have actually provided to foreign direct investment.

There are some other private business over here that likewise have research centres and innovation centres within their own corporations. There are 5 companies here in Markham that would be in the top 10 of research study and development financiers.


Recently we had the ground damaging for a new campus for York College right here in the city of Markham. This particular university is going to be integrated with the companies that are right here. They are mosting likely to be functioning together to establish the curriculum to make helpful site sure that the grads of tomorrow will have discovered the skillsets that the employers are searching for.

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If a business was looking 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 going to have more grads out of York University which will certainly be placed to benefit those firms. "If a company was aiming to invest not simply in IT yet in pharmaceutical or fabricated knowledge, this is the area to do it." Apart from the normal tasks ventureLAB is doing to support firms, we additionally have the Equipment Catalyst Effort.


This Equipment Catalyst Effort will certainly be a laboratory where companies and organizations can integrate to establish new innovation to produce that capacity and for it to be established right below in Canada. One of the important things that I often say about the City of Markham, is that several communities will certainly inform you that they roll out the red carpetand it is a fantastic feeling when you are strolling down the red carpetbut it is what happens when you walk via the front door.


This is why Honda Canada (Markham location) involved the City of Markham. They were under a great deal of stress due to the fact that they have actually been looking in other places to open their head workplace and distribution centre in Ontario and Canada, and we obtained them with a main visit plan modification, their zoning and site plan, in an issue of 8 months

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It is that concierge service that we give not just on the red carpeting but after you make it through the front door. Markham has a regional federal government that works hand-in-hand with capitalists when they come here due to the fact that we want them to be successful. There is also good information for investors at the provincial levela whole lot of red tape being reduced in Ontario, attempting to simplify the investment procedure.

"Markham has a local government that functions together with financiers when they come right here due to the fact that we desire them to be successful." Our talent swimming pool is strongwe have one of the highest post-secondary educated workforces in the entire nation, and we now have a public college that is going to enhance our placement because regard.


We have the total plan, and we deal with investors to make points occur as swiftly and as effectively as we can. Share Limelight Meeting.

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