Business Pulse May, 2011

 

Niagara economy on right track: Minister
May 12, 2011
Welland Tribune


Niagara is on the right track to recover from the recession and transition from a mainly manufacturing economy to a knowledge-based one, Ontario's minister of research and innovation says.  MORE
   
Emerging companies tell Niagara's story
May 10, 2011
Niagara Economic Development Corporation

Green Energy, Bio-Products and Digital Media are driving Niagara's new economy. Get a fresh, comprehensive view of our emerging clusters in four short videos featuring some of the region's most innovative companies that are leading the charge to redefine the region.  MORE

 

   
Jobs sail into Niagara
April 29, 2011
Niagara This Week

In a region battered by unemployment some new jobs are sailing into port. The Seafarers' International Union (SIU) of Canada announced an initiative to hire 400 entrey-level employees on Friday at its Thorold hall.  MORE
   
Diamond processing plant to expand
May 6, 2011
Niagara Advance

The wine processing plant on Niagara Stone Road is about to expand, with a $700,000 investment from the province.  MORE
   
Massive boring machine 'Big Becky' emerges from under Niagara Falls
May 13, 2011
The Toronto Star

Big Becky, the 4,000 tonne boring machine that has been chewing her way through 10.2 kilometres of rock at Niagara Falls finally broke into daylight shortly after noon Friday, just above the Falls.  MORE
   
Shaw Festival acts as economic engine
May 3, 2011
Buffalo Business First

The Shaw Festival, besides being a major tourism driver for Niagara-on-the-Lake, Ont., adds significant loonies to the cash drawers of that region's restaurants, shops and hotels.  MORE
   
Niagara Food & Wine Expo to use Niagara Original brand
April 2011
Niagara Original eNewsletter

We're pleased to announce that the Niagara Food & Wine Expo (NFWE), taking place on Memorial Day weekend (May 27-29), will be using the Brand in its Expo marketing.  MORE
   
Falls hotel to undergo $15M facelift
May 2, 2011
WIVB.com

The opening of the new convention center in Niagara Falls, Ontario has apparently sparked significant investment in a local hotel.  MORE
   
Niagara Area Business Women's Network a growing concern
April 13, 2011
Niagara This Week

These ladies are getting down to business, and they are having some fun while they're at it.  MORE

Click here to view Niagara-on-the-Move

 

 


Local Economic
Indicators

 

$6,076,274,178

Value of Niagara/USA Cross Border Trade
(Jan-Feb/2011)


1,594,834
# People Crossing Niagara/USA Border
(Dec, 2010)


$215,264
Avg Housing Price
(Jan-Mar, 2011) 
 


208
Housing Starts
(Jan-Mar, 2011)

 


217
Housing Completions 
(Jan-Mar, 2011)


1,207
Number of Home Sales 
(Jan-Mar, 2011)


$65,800,000
Value of Building Permits, Res & Non-Res
(Mar 2011)


9.2%
Unemployment Rate
(April 2011 Seasonally adjusted)

 


217,000
Labour Force
(April 2011 Seasonally adjusted)

 


119.4
CPI, Ontario, all items (2002=100)(Mar 2011)

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

Numbers reflect most recent data available.