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Economic Development

This category contains 25 posts

Equality and Economy

The McKinsey Global Institute (MGI) – named the number one private-sector think tank in the world – released a report on revitalizing the Canadian economy through gender parity. According to the report, The power of parity: Advancing women’s equality in Canada, progress in gender equality needs to advance from a social, moral and economic perspective. … Continue reading

Employer Incentive to Hire Youth

Employers that hire youth between January 1st and March 31st using E.O. services can receive a $1,000 retention incentive at 3-months and an additional $1,000 at 6-months. Thanks to the Ministry of Advanced Education & Skills Development (MAESD), the program is available through the Durham Region Unemployed Help Centre. We are accepting referrals for this … Continue reading

Amazon’s Right Choice

Durham Region is Amazon’s right choice for a bright future! In January 2018, Amazon announced the Toronto Region as a finalist for their second corporate headquarters. It is the only Canadian city to make the top 20. The Toronto Global Amazon HQ2 bid includes two Durham sites – the Carruthers Creek Business Area in the … Continue reading

Employing Young Talent

Over the next three years the government is investing more than $500M in new initiatives to promote economic growth and lower costs for small businesses. Through the Ministry of Advanced Education & Skills Development (MAESD) a new program effective January 1st, 2018 will assist employers who hire a youth (15–29) to work on average 20 … Continue reading

Toyota Plant Fuels Economy

Recently, Toyota Canada unveiled plans to invest $40M in a new distribution centre in Clarington. Toyota’s current distribution centre in Toronto will be replaced by a 30-acre parcel of land just north of Highway 401 in Clarington. The centre will handle Toyota’s distribution for Canada. According to Larry Hutchinson, President and CEO of Toyota Canada … Continue reading

Tourism on the Rise

The tourism sector accounts for almost one-tenth of all jobs in Canada. According to Statistics Canada, tourism accounted for about 1.8 million jobs in Canada in 2015, up 2.6% from 2014. Did you know that younger workers hold 1/3 of employee jobs in tourism and 1/4 of tourism sector jobs are held by immigrant workers? … Continue reading

Oshawa’s Interactive Map

The City of Oshawa has a new Interactive Tour of Growth and Investment. The tool is designed for developers and site selectors to track Oshawa’s growth and investigate Oshawa’s newest projects, whether just completed, under-construction, or in the pipeline. It is also a great place to learn about exciting new projects so that you can … Continue reading

Ontario’s Economy Boom

Ontario is expected to lead economic growth in Canada according to Canada’s big banks.           Statistics Canada recently announced that Ontario’s unemployment rate is at 5.8% – the lowest it has been in 16 years. Ontario has added almost 100,000 full-time jobs in 2017 and part-time jobs have decreased by 10,200. … Continue reading

DREN’s Disability Summit

Durham Region Employment Network (DREN) brought together over 100 community members to co-create a Community Roadmap to Employment for Youth with Barriers to Employment. Durham Region employment service providers, community agencies, educators, employers, persons with disabilities, municipalities, funding organizations, parents and politicians all contributed to the creation of the Roadmap. The Durham Region Unemployed Help … Continue reading

Small Business Success

Approximately 40% of businesses in Canada have fewer than 100 employees. It is commonly recognized that small businesses are the backbone of the Canadian economy. A Globe & Mail article highlights the findings of the Scotiabank Global Economics Special Report on Small Business. The report indicates that small businesses have helped with the labour market … Continue reading