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View Video Clip Markham is Canada's advanced resources, with over 400 business international headquarters and 1,500 technology and life sciences business. Markham has among the highest possible informed workforces in Canada due to its public education and learning system and waves of competent immigrants to the area. Markham has the lowest commercial tax rate in the Greater Toronto Area.

We have a relatively varied economy here in the City of Markham. We are component the Greater Toronto Area (GTA) yet when it pertains to the main sectorsthere is no uncertainty regarding itthe technology field is without a doubt the largest sector that we have in our community.


To place that in point of view, we are the second largest information innovation (IT) center in the countrysecond only to the city of Toronto. We additionally have a monetary industry here with banks that have regional offices located within our community, and global banks who have their Canadian head offices below.


It is rather fascinating, when you rise the Highway 404-Highway 407 passage, you will see several of the greatest names in engineering firms that are doing job below in Ontario, in other parts of Canada, and internationally. We have actually become rather a center for several of those professional solutions situated right here in the city.

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Markham's economic situation is extremely diverse, but as high as we call ourselves Canada's high-tech capitaland we have over 400 company international head office herewe are truly no various than numerous other neighborhoods in the sense that the vast majority of businesses are small- and medium-sized enterprises (SMEs). They are the local business, everything from 5 to 20 staff members, and we have countless those located within our area.


Markham and Toronto are really attached, and some areas might see that as a curse, but I see it as a true blessing due to the fact that we are the second biggest IT center in the nation, 2nd only to the city of Toronto. There are natural partnerships in not simply the IT field but various other fields too, where we have individuals that may live in Toronto and they are concerning benefit our companies.


Yet what attaches us to Torontoand definitely the remainder of the GTAis the transportation system. This is critically important in any city, and Highways 404 and 407 not only help attach us to parts of Toronto but to the various other components of the GTA. Our neighborhood sticks out in numerous respects and we hold our own.

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We hold our very own in the industries that are below, and we also have one of the greatest percentages of post-secondary informed workforce in the nation (Markham hour). That remains in component due to our education and learning system, yet it is also due to the fact that when the waves of migration were happeningbecause of the requirements of entering Canadawe had the ability to attract individuals who came right here that are very skilled, highly enlightened and have an incredible amount of experience in other jurisdictions


One is our ecological community. The factor is we are a community of our size with a number of IT companies, and it is not that they are standalone entities, it's that we functioned really hard at creating a community that supports technology and technology.

There is an ecological community of ventureLAB and even York University, who have likewise opened up an innovation centre right here in Markham, YSpace. There are some other exclusive companies that likewise have research centres and development centres within their very own firms. There are 5 business right here in Markham that would click reference certainly remain in the top 10 of r & d investors.


Recently we had the ground breaking for a new university for York College right here in the city of Markham. This specific university is going to be integrated with the firms that are below. They are mosting likely to be functioning together to establish the educational program to ensure that the graduates of tomorrow will have learned the skillsets that the companies are searching for.

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If a business was seeking to spend not just in IT yet in pharmaceutical or fabricated knowledge, this is the location to do it since we have the peoplewe are going to have even more graduates out of York College which will be placed to benefit those companies. "If a firm was aiming to invest not just in IT yet in pharmaceutical or expert system, this is the area to do it." Apart from the regular activities ventureLAB is doing to sustain companies, we also have the Equipment Catalyst Initiative.


This Equipment Stimulant Effort will be a laboratory where companies and organizations can integrate to create brand-new modern technology to produce that ability and for it to be established right below in Canada. One of the important things that I frequently claim about the City of Markham, is that numerous areas will inform you that they turn out the red carpetand it is an excellent feeling when you are strolling down the red carpetbut it is what takes place when you walk with the front door.


This is why Honda Canada (Markham hour) involved the City of Markham. They were under see this site a lot of pressure due to the fact that they have been looking elsewhere to open up their head office and distribution centre in Ontario and Canada, and we obtained them with a main plan amendment, their zoning and website strategy, in an issue of eight months

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It is that concierge solution that we provide not just on the red rug but after you make it through the front door. Markham has a city government that works together with capitalists when they come right here since we want them to be effective. There is likewise good information for investors at the rural levela whole lot of red tape being reduced in Ontario, trying to enhance the investment process.

"Markham has a neighborhood federal government that functions hand-in-hand with investors when they come below due to the fact that we desire them to be successful." Our skill pool is strongwe have one of the greatest post-secondary informed workforces in the entire nation, and we currently have a public university that is mosting likely to improve our placement in that regard.


We have the complete plan, and we deal with financiers to make points occur as quickly and as properly as we can. Share Spotlight Interview.

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