Business Pulse, December, 2010

    Ready-to-eat food plant to open
Nov 05, 2010
from NIAGARATHISWEEK - Home


A major food company is uprooting production from its full-to-capacity Alberta plant and relocating it to St. Catharines, bringing with it the potential for as many as 400 jobs within three to five years .... MORE
     
    A $2.4 Billion industry
Oct 14, 2010
from NIAGARATHISWEEK - Home


Farming in Niagara now generates $2.4 billion a year in economic activity, ranking it as a powerhouse in this region’s economy, a new report says ... MORE
    Seaway Marine gets $6 million repair contract
Oct 1, 2010
from St.Catharines Standard


Seaway Marine and Industrial Inc. has clinched a major contract to refit the Canadian Coast Guard ship Cape Roger ... MORE
    Attar Metals makes first hires
Oct 21, 2010
from NIAGARATHISWEEK - Home


One of the Fort Erie’s newest employers has made its first hires. ... MORE
    Niagara Region maintains AA credit rating
Nov 18, 2010
from Niagara Falls Review


The Niagara Region has maintained its AA credit rating as a result of "Niagara's low debt burden and robust liquidity," according to a report released this week by a bond rating agency. ... MORE 
    Solar farm to take root
Nov 11, 2010
from Welland Tribune


WELLAND — About 61 hectares of land in Cooks Mills will soon be producing electricity rather than growing crops. Axio Power Canada Inc. plans to begin construction next summer on a 10-megawatt solar farm on Ridge Rd., between Hwy ... MORE 
     
    Brock receives $10-million gift
Sept 09, 2010
from Welland Tribune


Roy Cairns says that when he and his family make any substantial business investments, they spend a great deal of time and effort doing due diligence. ... MORE
     
    nGen joins new provincial network for innovation
Nov 03, 2010
from St. Catharines Standard - Home


Innovation in Niagara got a shot in the arm from the province Tuesday. It was announced that Niagara Interactive Media Generator (nGen), a hub for digital interactive media projects and business development in St. Catharines and Niagara, has been selected to join  the Ontario Network of Excellence.
... MORE 
     
    Brock gets $2.9 million to support leading researchers
Nov 25, 2010
from The Brock News


The number of globally recognized researchers working at Brock is growing again thanks to a federal government investment in the Canada Research Chairs program. ... MORE 
     
    Niagara Economic Development Corporation Promotes
use of Niagara Original Brand

Nov 9, 2010
from NEDC


You’ll find it in restaurants, shops and golf courses. Industry leaders, the arts community and academic institutions are embracing it. ... MORE
     
    Niagara College, Brock University receive $750,000
each to help local businesses innovate

Nov 12, 2010
from Niagara College News and Media


Niagara College and Brock University have received federal research funding that will allow both institutions to help local business innovate and bring new products and processes to market.... MORE 
     
    Scotiabank forms partnership with new convention centre
Nov 16, 2010
from Niagara Falls Review


The name Scotiabank holds a special memory for Kerry Painter, not only did her mother once work for the company, it's now attached to the building that she's in charge of - The Scotiabank Convention Centre. ... MORE 
     
    Ontario wineries wooing Chinese consumers
Nov 02, 2010
from Niagara Falls Review


The recent opening of a Canada-focused wine store in China is just the latest example of the country's growing appetite for vino from the Great White North, say Ontario vintners. ...MORE
     
  Performance Hyundai opens in St. Catharines
Nov 26, 2010
from St. Catharines Standard


One of the largest Hyundai dealerships in Canada celebrated a grand opening in St. Catharines this week. Performance Hyundai is the latest addition to the PerformanceCars group, with its new 17,000-square foot dealership at 342 Ontario St.... MORE

Click here to view Niagara-on-the-Move

 

 


Local Economic
Indicators

 
$53,185,064,968

Value of Niagara/USA Cross Border Trade
(Jan-Sept/2010)
5,468,350

# People Crossing Niagara/USA Border
(Jan-June/2010)

$217,000

Avg Housing Price
(4th qtr, 2010)

1080

Housing Starts
(2010 YTD)

1050

Housing Completions 
(2010 YTD)
909

Absorbed Housing
(2010 YTD)
$40,000,000

Value of Building Permits, Res & Non-Res
(Sept 2010)

9.5%

Unemployment Rate
(Oct/2010 seasonally adjusted)

206,900

Labour Force
(Oct/2010 Seasonally adjusted)

117.8

CPI, Ontario, all items (2002=100)(Oct/2010)

 Sources: Statisitcs Canada,
CMHC, U.S. Dept. of Transportation