Economic Development Action Plan showcasing future growth opportunities
Hamilton is open for business. The City of Hamilton is home to nine business parks/districts that offer a wide variety of buildings for sale or lease and vacant parcels of land for future development opportunities.
Hamilton’s ongoing success in developing these employment lands, including the latest surrounding the John C. Munro Hamilton International Airport – now referred to as the Airport Employment Growth District or AEGD – is reflected in the fact that the Real Estate Investment Network (REIN) of Canada repeatedly ranks Hamilton as one of the top locations in which to invest in Ontario.
“This will be our main employment growth area moving forward along with Red Hill Business Park which is filling up.” says Guy Paparella, Director, Growth Planning, City of Hamilton. “We are targeting who we want to see in the AEGD, and making sure we move efficiently and effectively to create jobs and start creating more municipal assessment for the area.”
As part of this targeted effort, the City of Hamilton producing a new Economic Development Action Plan that will support the corporate Strategic Plan adopted by Hamilton City Council.
Within the Action Plan are a variety of priorities for each business park that includes capital improvements to road access, on-site infrastructure improvements, and working to prepare “shovel ready” sites.These are locations with the necessary designation, zoning, permits, and servicing/ utility infrastructure in place for development is a priority. The Action Plan also includes a call for a more robust overall Marketing Strategy for the promotion of employment land opportunities.
The Red Hill Business Park consists of approximately 628 hectares of industrial zoned land, and is strategically located at the junction of the Lincoln M.Alexander Parkway and The Red Hill Valley Parkway- only minutes from the Queen Elizabeth Way and Highway 403.
The City has also streamlined services for investors to identify the best property for their project. Helping businesses build, expand, develop, and start up faster and more efficiently is a priority.Aptly named, One-Stop Service, this section of City Hall is designed to assist investors with the following: timelines, applications, costs, processes for starting or expanding a business, and locating additional resources and key contacts.
For more information and the latest updates visit www.investinhamilton.ca.