The Niagara Economic plan will focus on manufacturing (green tech), agri-business (wine), tourism (casino) and transportation/logistics (article).
In recent years, large manufacturers have shrunk, including General Motors. This has resulted in new small manufacturers who do not employ many people (article). The big issue that manufacturers have to deal with is waste pollution into the water (article). This is an employment opportunity in government, such as parks and recreation and green tech.
The government in tourist towns like Niagara Falls are proactively helping start-ups that aren’t cyclical like tourism. “We work with a lot of companies that are not looking to create the next Google.” (article) “Staffers really like the quality of life”.
In neighboring Thorold, the city is booming. “The growth is tremendous,” Dilwaria said in an interview with Niagara This Week. “It’s unprecedented growth. It’s a boom.” Resulting from that is government employment opportunities required to maintain new public transportation and sewage capacity. Because of the boom, Thorold is proactively looking to attract new businesses to the area (article). The city is investing heavily in resident friendly infrastructure like bike lanes and routes to and from Brock University.
Agri-business, that is food and beverage creation from agricultural products is also a big business in the region and internationally. “In Hamilton, food and beverage manufacturing is the city’s second largest industry sector. This industry generates approximately $2 billion in total revenue with 80 establishments at its backbone.” (article) The Canadian Agriculture Hall of Fame induction evening is held each year in the Niagara Falls region (article).
The Niagara Falls region is one of the stronger economic cities in Ontario (article). Though the business growth rate is not as steep as Windsor, it is positive. “At the same time, the local manufacturing sector is on track to see slightly stronger output growth this year, partly thanks to substantial investments by General Motors and General Electric. On the other hand, services sector output growth is projected to slow due to more moderate activity in wholesale and retail trade, and in public administration, combined with a fifth consecutive decline in non-commercial services (health care and education).” (article)