Advantage Niagara
The region has become an ideal and highly competitive location for expansion, growth and diversification of its industrial base. Recent studies reveal the growing importance of industry clusters in the region that contribute significantly to Niagara's performance and competitiveness: tourism, manufacturing, agriculture and services. These sectors are driving the renaissance occurring in the regional economy.*
Overall costs in Niagara are very competitive compared to other cities in the central North American industrial region. An abundant supply of electricity, water and natural gas, competitively priced land and buildings and reasonable base wages and low benefit costs support lower overall business startup and operating costs.**
Sources:
*Building on the Momentum: A Competitive Analysis of Industries in the Regional Municipality of Niagara. Niagara Economic & Tourism Corporation. December 2001.
**A Comparison of Business Costs in Niagara, Ontario and the United States. KPMG, 1998
