April 10, 2002

York Region's economy continues to grow and diversify


NEWMARKET - Despite economic slowdowns in many parts of the world last year, York Region's economy continued to grow and diversify.

"The performance of the Region's economy in 2001 indicates continuing strong growth in all business sectors and resiliency to changes in the business cycle," said Regional Chair Bill Fisch.

York Region's economic growth is outlined in Economic & Development Review 2001, a semi-annual document that provides statistics and an analysis of key economic and demographic indicators in the Region. A presentation of the Review was recently made to York Region's Planning and Economic Development Committee.

The Review's findings are being verified as detailed 2001 Census data is released by Statistics Canada. Highlights of the Review include:

Used by the public and private sectors as baseline information to prepare such things as economic investment strategies, the Economic and Development Review 2001 will be circulated in June by York Region's Planning and Development Services to area municipalities, Chambers of Commerce, Boards of Trade and libraries in the Region. It will also be available from the Region's Web site at www.region.york.on.ca


Contact: Wendy Lewis, Corporate Communications Services, York Region

- (905) 830-4444 or 1-877-464-9675, ext. 1238

- Email: wendy.lewis@region.york.on.ca

The Regional Municipality of York is committed to providing cost-effective, quality services that respond to the needs of our rapidly growing communities.  York Region is comprised of the following nine area municipalities:  Aurora, East Gwillimbury, Georgina, King, Markham, Newmarket, Richmond Hill, Vaughan and Whitchurch-Stouffville.  For more information, visit our Web site at:  www.region.york.on.ca

Contact: Patrick Casey, Senior Media Relations Specialist, York Region

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