City of Oshawa launches new 10-year Economic Development Strategy

The City of Oshawa is pleased to announce the launch of its new Economic Development Strategy that aims to drive job growth and further investment in the city. The Strategy focuses on enhanced trade, diversification and quality of life and positions Oshawa for future economies, opportunities and overall growth.

The Strategy builds on the city’s unique competitive strengths, such as proximity to major metropolitan centres, a robust labour force, emerging talent and key infrastructure assets such as air, sea, rail and highways, and aims to strengthen existing economic sectors in advanced manufacturing, modern technology and science driven businesses and services.

To complement existing sectors such as healthcare, education, advanced manufacturing and energy generation, emerging sectors were identified in high-growth fields such as:

• Artificial Intelligence
• Augmented Reality
• Cybersecurity
• eSports
• EV and Automotive Technologies

Through the new Economic Development Strategy, the City will continue to support its traditional economic sectors while further developing the emerging growth sectors.

View the Oshawa Economic Development Strategy on the City of Oshawa website.

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Quotes:

“One thing that was made abundantly clear throughout the process of evaluating our economy was how fortunate our community is to have such an abundance of high quality assets to support future economic growth,” said Oshawa Mayor Dan Carter. “There are very few cities in Canada of our size that are home to a deep sea port, executive airport, rail infrastructure, research assets and a pipeline of 30,000 post-secondary students on the doorstep of one the greatest concentrations of economic activity in North America. We are part of a broader region that is globally renowned for driving new investment and growth. Oshawa’s new Economic Development Strategy positions our community to capitalize on innovative opportunities that will continue to offer prosperity to our community.”

“The Oshawa Economic Development Strategy duly identifies that one of our greatest assets are the talented people who are increasingly choosing to call Oshawa home,” said Councillor Tito-Dante Marimpietri, Chair of the Economic and Development Services Committee. “Oshawa is increasingly becoming a metropolitan city, resulting in one of Toronto’s most dynamic neighbours with a robust pipeline of local talent and world-class research assets. Our great city has graduated over 140,000 post-secondary alumni, and we’re incredibly proud to see massive blue-chip global companies taking notice of the sustainable competitive advantage that our talent provides and strategically investing heavily in our community. The driving growth of major employment opportunities and vital business development, such as Northwood Business Park, is a testament to Oshawa’s compelling and ever-growing value proposition within the GTA and throughout Canada.”

“We look forward to continuing the transition of Oshawa’s economic landscape from its historical foundation to a modern technology and science-driven economy,” said Councillor Bob Chapman, Vice-Chair of the Economic and Development Services Committee. “This new economic vision will augment advanced manufacturing, and bolster city infrastructure assets and cultural enrichment, all of which collectively position Oshawa for substantial growth over the next 10 years.”