York Region Solar PV & Smart Grid Technologies. Expand Your Business in the Greater Toronto Area Ontario, Canada

Transcription

1 York Region Solar PV & Smart Grid Technologies Expand Your Business in the Greater Toronto Area Ontario, Canada

2 MARKET & INDUSTRY York Region: Top North American Solar PV Industry Hub LEARN MORE ABOUT... Fast growing Solar PV industry cluster of over 100 firms - Canada s 2nd largest Solar PV Market & Industry... 2 Smart Grid Market & Industry... 4 Market Access... 5 Transportation & Logistics... 5 Business Costs... 6 Business Environment... 9 Local Workforce... 9 Quality of Life York Region Snapshot Business Support Services The Regional Municipality of York Economic Strategy Branch Office of the Chief Administrative Officer Yonge Street, Newmarket, Ontario Canada, L3Y 6Z1 T x1491 robert.unterman@york.ca Ontario's Solar PV Market: 2.6 GW Potential by 2015 North America's most comprehensive renewable energy FIT program; 20-year government power purchase agreements for Solar PV projects Ontario: 2nd largest North American market behind California with 16% market share in 2011 (source: NPD Solarbuzz report Nov 2011) 550MW Solar PV capacity online; 1,800MW additional solar PV capacity under contract (Ontario Energy Ministry, Oct 2012) 1,800 projects (3.5GW) in pipeline conditionally approved by the Ontario Power Authorities (OPA) 2.6GW installed capacity potential by 2015 (ClearSky Advisors) Over $2B private solar energy investment in Ontario to date. Up to $12.9B in investment expected by 2018 National location for TRCA 3rd party Solar PV Performance Verification (PVPV) Program Ontario's 2nd largest municipally-owned LDC with a proven track record in connecting local projects to grid Established local green business base of over 400 companies Award winning sustainability strategy: LEED, Solar Ready development, community energy planning Established supply chain: Over 4,000 manufacturers in York Region - electronics & electrical, fabricated metal, plastics & rubber Rooftop potential: 3rd largest construction market in Canada in 2010 ($3 billion value) of which 36% ICI Post-secondary renewable energy research/training Canada greater toronto area York Region 2

3 market ACCESS York Region: Smart Grid Innovation Hub Home to Smart Grid innovation centers and leading companies: Transportation & LOGISTICS Ontario: Canada s Smart Grid Pioneer $87.4 billion Investment to modernize the energy grid in : $12B $9B $66.4B Generation Distribution Transmission & Distribution First state/province in North America to equip almost every home and small business with a smart meter million smart meters installed; 3.5 million customers converted to TOU pricing Ontario Green Energy Act (GEA) - Government mandated Feed-in-Tariff program; incentives for energy demand management, change in electricity supply mix and consumer power use Long term conservation strategy targeted goal of 14% for projected future generation (28 TWh) by 2030 from current rate of 4%; $12 billion investment required Canada's Renewable Energy Capital: most installed wind and solar capacity in Canada Ontario s 2nd largest municipally-owned LDC - PowerStream - over 314,000 Smart Meters installed; majority of residential customers migrated to TOU rates Established local green business base of 400 companies Solar PV industry cluster of over 100 firms - Canada s 2nd largest Award winning sustainability strategy: LEED, Solar Ready development, community energy planning Established supply chain: Over 4,000 manufacturers in York Region- electronics & electrical, fabricated metal, plastics & rubber 3rd largest construction market in Canada in $3 billion value Unparalleled Access to Your Key Markets Located in the heart of the 5th largest metro area in the U.S. and Canada (population 6 million) 140 million North American consumers within 500 mile radius, more than from any major U.S. metro area Nearly one third of Canada s population lives within 100 mile radius Almost half of the U.S. population lives within 1 day s drive 65% of Canadian head offices and 70% of Canada s industrial base located within day s drive of York Region Short flight to other North American business hubs such as New York, Boston, Chicago, Washington, Montreal, Philadelphia, Cincinnati and more... U.S.-Canada-Mexico free trade (NAFTA) access to 450 million consumers, $17 trillion GDP market Superior Infrastructure Connects You to Customers, Suppliers and Employees York Region is a major highways corridor in Toronto and Ontario (400-series) Proximity to Toronto Pearson International Airport - largest in Canada and 4th largest in North America in international passenger traffic Rapid transit: Viva bus system, GO commuter rail, future Toronto-York subway (2015) Home to Canada s largest intermodal cargo rail terminal Home to 100 local freight trucking operators with routes across U.S. and Canada Only 90 minutes drive to the U.S. Interstate highway network $8 billion local infrastructure investment in York Region in to facilitate growth 5 Canada GREATER toronto AREA York Region

4 BUSINESS COSTS Metro Toronto - Cost Competitive, Globally 30% lower combined corporate income tax (State/Provincial - Federal) than the U.S. average Up to 60% lower employer healthcare costs than in the U.S. (MMK Consulting) Generous R&D tax incentives - up to 60% reduction on R&D costs Metro Toronto s sector cost advantage over U.S. average (KPMG 2012): Electronic systems development & testing 11.3% Electronics assembly manufacturing 3.8% Precision components manufacturing 2.7% Metal machining 3.1% North American Business Cost Comparison Index Source: KPMG Competitive Alternatives, 2012 Mexico City 79.7 Toronto Atlanta Dallas Detroit Chicago Philadelphia U.S. Average Los Angeles Boston New York San Francisco Global Business 0 Cost 20 Comparison 40 Index Source: KPMG Competitive Alternatives, 2012 Berlin Paris London U.S. Average Frankfurt Sydney Manchester 90.8 Amsterdam 94.7 Toronto 95.7 Milan York Region: Toronto Area s Cost-Effective Business Location Lowest commercial/industrial property taxes in the Toronto area (25% lower on average), resulting in significant cost savings Lowest business property tax ratios of any major municipality across Ontario Competitive lease, utility and facility operating costs Unique opportunities across 9 municipalities: 160M sq.ft industrial and 15M sq.ft office space inventory; developable greenfield lands Eligibility for provincial and federal government incentives (case specific) Canada greater toronto area York Region 6

5 Business environment World s Best Business Environment Canada Ranked by Forbes as world s best country to do business among 134 countries (2011) Ranked by the EIU as the best place in G7 countries to do business through 2015 Top economic growth in G7 in 2011/12 (OECD) Lowest risk G8 country for business investment (D&B) World s strongest & most stable banking system (WEF/IMF) Easiest place to start a business in 34 OECD countries (World Bank) Best access to business capital in 122 countries (Milken) One of the world s most generous R&D tax incentive programs Immigration policies facilitate intra-company transfers Efficient patent system accessible via international treaties Metro Toronto Toronto named top destination city for FDI in North America (Financial Times fdi) Top 5 most livable city globally, #2 in North America (EIU) Top 5 lowest risk city globally to recruit/relocate employees (Aon Hewitt) Top ranking city, globally, for business, life & innovation (PwC) Two York Region municipalities ranked in top 10 American Cities of the Future (Financial Times) local workforce Top Workforce, Globally Large and concentrated workforce: Access to Greater Toronto Area s workforce of 4 million employees - close to 1/4 of Canada s total Highly educated: 67% of York Region s workforce (25-64) have post-secondary education, above national & global avg York Region 61 Ontario Completion of post-secondary education % of population aged years 51 Canada 45 Japan 42 U.S. 38 Australia 0 Sources: OECD Education at a Glance 2012; Statistics Canada 9 universities, 8 colleges, all within commuting distance. 83,000 university grads & 47,000 degreed immigrants enter area workforce every year Relevant: Over 50% of York Region s workforce majored in engineering, information sciences or business admin. Cosmopolitan: 45% of Region s population is foreign born: 70 languages spoken in York Region Entrepreneurial & dynamic talent Connections in world s fastest growing economies 38 UK 31 OECD Avg. 29 France 28 EU21 Avg. 27 Germany 15 Italy 9 Canada GREATER toronto AREA York Region

6 york region snapshot QUALITY OF LIFE Unparalleled Quality of Life Attracting Top Talent Canada Ranked as having the highest quality of life among G8 countries (IMD; Economist) Toronto area Ranked #1 in quality of life across North America (PwC; Financial Times fdi) Best international city for work and family (Fortune Magazine) Experience of Expats ranked best out of other major cities in 26 countries (HSBC) York Region Canada s fastest growing large municipality - desirable communities that attract new talent Big city amenities, suburban quality of life - an exceptional range of lifestyle opportunities Ranked safest large municipality in Canada 5 years in a row, ahead of Toronto, Ottawa and Calgary (Stats Canada) Mixed use communities offering better work-life balance 7 of the top 20 secondary schools in Ontario are located in York Region (Fraser institute) 2 communities ranked in top 5 Ontario municipalities for resident satisfaction (Forum Research) York Region - Snapshot Toronto Area s Growth Engine Confederation of 9 municipalities located in the heart of the Greater Toronto Area, Ontario, Canada Canada s fastest growing large municipality. Accounted for 20% of Ontario s total population growth million residents - 3rd largest municipality in Ontario; 6th largest in Canada 2nd Largest Business Centre in Ontario Strategically located in greater Toronto, Canada s business and financial heartland 41,500 local businesses - Ontario s 2nd largest business centre after the City of Toronto 521,000 local jobs;. 0.8 million jobs projected by 2030 $43 billion est. municipal GDP - local economy larger than that of four Canadian provinces Top location in Canada incl. 14 Fortune 100 corporations 4 of Canada s top 10 corporate R&D investors are headquartered in York Region Close to 20 local companies have revenue exceeding $0.5B Cosmopolitan & Dynamic 67% of York Region s workforce between the ages of has post secondary education, well above Canadian and global averages 70 languages and dialects spoken locally; 45% of local residents are foreign born $8 billion infrastructure investment in York Region in to facilitate growth, incl. four new downtown cores North American Leader 2 York Region communities ranked by Financial Times top 10 American Cities of the Future Canada greater toronto area York Region 10

7 PArtner with york region Complimentary and Confidential Services to Support Your Business Expansion in Canada Corporate Visitation Programs Local Market/Sector Information Location Selection Assistance B2B Matchmaking and Introductions Access to Government Programs Corporate and Business Development Advisory Contact: The Regional Municipality of York Economic Strategy Branch Office of the Chief Administrative Officer (CAO) Yonge Street, Newmarket, ON Canada L3Y 6Z1 Robert Unterman T x1491 v1.2