business services
CHICAGO BRAMPTON DETROIT TORONTO BUFFALO NEW YORK MONTREAL BOSTON Top reasons Brampton has everything you need for your business to succeed Easy access to major markets and more than 450 million North American consumers. Brampton is at the hub of North America s transportation network with the added plus of being the continent s largest inland port. Its location makes delivering products from factory to market remarkably quick and convenient. Brampton is young, educated and highly skilled. A motivated and growing labour force at your fingertips. Brampton is a proven success story. It s already home to multiple thriving industry leaders and there s room for many more. Brampton has been included in the Top 10 American Cities of the Future 2013/2014 Best Business Friendliness and Best Infrastructure. Brampton has a strong economy and is well-positioned for business investment. Its stable marketplace offers competitive energy prices, streamlined regulations and a low-risk investment climate. AAA credit rating from Standard and Poor s for eight consecutive years. First city in the Greater Toronto Area (GTA) and one of only 10 in North America to be designated an International Safe Community by the World Health Organization (WHO). 1
Brampton overview BRAMPTON SECTOR DIVERSITY BY EMPLOYMENT EMPLOYMENT SECTOR EMPLOYMENT Retail administration and logistics 35,800 Advanced manufacturing* 26,500 Business services 10,500 Information and communication technology 7,800 Food and beverage 7,500 Life sciences 6,700 SECTOR SPECIFIC TOTAL (direct employment only) 94,800 TOTAL WORKFORCE 155,000 *excl. ICT, Food and Beverage and Life Sciences Source: 2013 Brampton Employment Survey Brampton: located in the 3 rd largest North American financial services centre Get to know us. We re a people-powered economy. With a population approaching 600,000, Brampton is the ninth largest city in Canada and the third largest in the Greater Toronto Area (GTA).Averaging 18,000 new residents per year, it is also the second fastest growing city among the largest 50 cities in Canada. If location is everything, then Brampton has got it all. It is conveniently adjacent to Canada s largest airport, Toronto Pearson International, and home to CN, the largest intermodal railway terminal in Canada. And Brampton has immediate access to an extensive network of transcontinental highways. Brampton is also at the centre of Canada s major transportation corridors and close to the U.S. border. That means it is within a day s drive of 158 million consumers. And that s also why it s the ideal place to locate North American operations. Brampton s incredibly diverse economic base is already comprised of over 8,500 businesses fuelled by a young, multicultural workforce speaking 89 different languages and including 209 distinct ethnic backgrounds. Brampton is a youthful city with an average age of 34.7. That s the lowest median age amongst Canada s largest cities. 2
Canadian facts by the numbers As a nation, Canada had over 482,000 businesses 1 within the business service sector in 2011. The business services sector, which employs over 2.3 million people 2, includes professional and business services including financial, real estate, consulting and personnel. In 2011, it was a major contributor to the Canadian economy adding $315.3 billion to the national GDP. Canada, has a well-educated labour force with over 14.8 million individuals with a post-secondary certificate, diploma and/or degree. Approximately 22 per cent of them with a major field of study in business, management and public administration, architecture, engineering, and related technologies. To the tremendous benefit of Canada and its residents, banking in Canada is considered to be the most efficient and safest banking system in the world, according to the World Economic Forum. 1 2011 Canadian Business Patterns 2 2011 National Household Survey Ontario: employs over one million people in the business services sector Ontario facts by the numbers In Ontario, the business services sector is comprised of close to 200,000 firms and is a driving force for the provincial economy. Accounting for almost 41 per cent of the national total jobs, the business services industries in Ontario added $174 billion to the national GDP in 2011. Over one million people, or 43 per cent of Canada s labour force, are employed in the business services sector in Ontario, in particular, business, finance and administration occupations 2. Ontario boasts a sizeable proportion of graduates with over 1.2 million individuals with a post-secondary certificate, diploma or degree in business, management or public administration, architecture, engineering, and related technologies. For investors, the Toronto Stock Exchange is the third largest exchange in North America, and the seventh largest in the world. Greater Toronto Area (GTA): 3 rd largest financial services centre in North America BRAMPTON TORONTO HAMILTON LONDON LAKE ONTARIO The GTA is the third largest financial services centre in North America, just behind New York and Chicago, based on direct employment. It is also among the largest sectors in the world. 3
Business Service Employment (by sub-sector) Real estate, rental and leasing Finance and insurance Professional, scientific and technical services Brampton: employs over 5 per cent of Ontario s business services employees 29 % 27 % Business service sector is thriving in Brampton Brampton actively supports its business services sector, which is a significant contributor to the local, provincial and national economy. In Brampton, this sector is responsible for employing 10,500 people people directly, with another 20,000 plus individuals indirectly employed 3. Combined, this creates a total workforce of 30,500, which represents seven per cent of the total workforce in Brampton. In 2011, Brampton s GDP directly contributed an impressive $6 billion to the province. There are over 50,000 individuals in Brampton who have studied business, management or public administration and over 43,500 who have studied architecture, engineering, and related technologies that have a postsecondary certificate, diploma or degree. Employment opportunities are significant for individuals within Source: 2013 Brampton Employment Survey occupations in finance, insurance, Finance real and Insurance estate, consulting, Real Estate and Rental Leasing personnel, legal services, accounting, architectural, engineering, surveying and mapping services, design services, management, scientific and technical consulting services, scientific research and development services, and advertising services. From 2003 to 2013, this sector grew over 11 per cent and is expected to continue at a healthy pace. 3 Source: 2013 Brampton Employment Survey 4 Source: 2011 National Household Survey 44 % Professional, Scientific and Technical Services Brampton: over 11 per cent growth in the business service sector over 10 years 4
Total direct and indirect employment in business services In Brampton, this sector is responsible for employing 10,500 people directly, which represents 7 per cent of the total workforce in Brampton, with an estimated indirect employment of over 20,000. Business services 10,500 employees 13% 7% 16% Support industries Over 20,000 employees Business services companies Over 1,350 companies INCENTIVE PROGRAMS Futurpreneur Canada Newcomer Program Provides financing to start a business if you are between the ages of 18 and 39 and have lived in Canada for less than 20 months. Ontario Business Research Institute Tax Credit Eligible corporations can claim a 20 per cent refundable tax credit for qualified expenditures on scientific research and experimental development work performed in Ontario under contract with eligible research institutes. Co-operative Education Tax Credit The tax credit is based on salaries and wages paid to a student in a co-operative education work placement. Corporations can claim 25 per cent of eligible expenditures (30 per cent for small businesses). BRAMPTON INCENTIVE PROGRAMS Downtown Façade Improvement Program Downtown Building Improvement Program Downtown Development Charges Program Downtown Sign Permit Fee Subsidy Program Development Charges Redevelopment Credit Development Charges Expansion Credit Dedicated Project Management Team LEADING BUSINESS SERVICES COMPANIES exp. Services Inc. (HQ) Butcher Engineering Terraprobe Ltd. The Portables Devrew Merchandising Inc. Automated Fulfillment Systems Inc. Davroc & Associates Ltd. Crawford Chondon & Partners LLP Peel Mutual Insurance Company Sharpe-Way Group Business Development Bank of Canada (BDC) Investors Group Goodison Insurance and Financial Services Prouse Dash & Crouch LLP Sun Life Financial Davis Webb LLP CCV Insurance and Financial Services Inc. 5
Brampton: employing over 31,000 skilled workers in its business services sector Leading companies * that call Brampton home exp. Services Inc. (HQ), with its corporate head office located in Brampton and offices across Canada, the U.S. and internationally, is one of Canada s largest engineering and consulting firms with projects around the globe. exp. continues to enjoy dynamic growth on a global scale. Crawford Chondon & Partners LLP s lawyers provide business-focused solutions to the complex legal challenges that continually arise for employers in labour and employment law. Peel Mutual Insurance Company, established April 1876, is Brampton s oldest company. Founded by local farmers pooling their resources to provide needed insurance coverage not available elsewhere at a reasonable cost, its service to agricultural and small town communities remains a cornerstone of the operation and a pillar of its strength today. The Sharpe-Way Group at ScotiaMcLeod works with business owners and high net-worth families to provide total financial solutions to maximize wealth for today and future generations. Business Development Bank of Canada (BDC) is wholly dedicated to accelerating entrepreneurs success through financing, venture capital and consulting services with a focus on small and medium-sized enterprises. Brampton has proven to be a great location to do business. Great access to highways and being close to the airport has made it easy to do business globally. Over all, Brampton is a practical and cost-effective location ~ Vlad Stritesky, President and CEO, exp. Services Inc. Investors Group provides complete financial planning to both individuals and families. Established in Brampton since 1993, it now has three locations in the city. As the company that pioneered the concept of financial planning in Canada, Investors Group offers investment planning, tax planning, retirement planning, insurance planning, cash management, and estate planning. Goodison Insurance and Financial Services is Brampton s oldest and largest family-owned insurance brokerage. It is a company committed to the core values of strong ethics, customer focus and high performance. * Brampton Outstanding Business Achievement Award participants 6
City of Brampton Economic Development Office 2 Wellington Street West, Brampton, ON, Canada L6Y 4R2 T: 905.874.2650 TF: 1.888.381.BRAM E: edo@brampton.ca peoplepoweredeconomy.ca business services twitter.com/bramptonecodev youtube.com/bramptonecodev linkedin.com/in/bramptoneconomicdevelopment