Employment sector data supports development of innovation hubs and continued job growth
NEWMARKET - The Regional Municipality of York is tracking job creation in the Region’s key sectors and promoting greater awareness of the Region’s emerging status as a leading Canadian location of knowledge-based industries.
“Based on information provided by Statistics Canada and an analysis conducted by the Toronto Region Research Alliance, York Region has the highest per-capita concentration of ICT companies in Canada,” said York Region Chairman and CEO Bill Fisch. “York Region is second only to the City of Toronto for total number of ICT companies in Canada, a testament to York Region’s competitiveness as a place to invest, do business and raise a family.”
York Regional Council approved the York Region Sectoral Employment Analysis, an overview of employment and business data for three key sectors in the Region: information and communications technology (ICT), life sciences and business and professional services.
The data promotes greater understanding of the needs of the leading sectors, the need for effective land use planning policies and the need for appropriate programs to support continued economic growth.
“Our upcoming initiatives will further develop innovation hubs, attract new investment to York Region and cultivate exports,” said Town of Newmarket Regional Councillor John Taylor, Chair of the Region’s Planning and Economic Development Committee. “Growth in York Region’s knowledge-based economy is vital to ongoing growth in the supply of high quality jobs in the Region.”
York Region’s ICT sector employs 37,000 people in 3,600 businesses, accounting for 30 per cent of ICT businesses in the GTA.
When combined, the ICT, life sciences and business and professional services sectors account for 71,000 jobs in the Region, or 16 per cent of the Region’s total employment base. Over the last 10 to 15 years, these three knowledge-based sectors have been among the fastest-growing sectors in the Regional economy, and are expected to continue to expand.
Protecting land designated for employment purposes is necessary to facilitate future growth in these and other economic sectors.
York Region’s ICT and life sciences businesses are geographically clustered around Highway 404 and Highway 7 in Markham and Richmond Hill, in Vaughan’s employment areas and along Highway 404 in Newmarket. Business and professional firms in the Region are more dispersed throughout the Region’s employment areas and major corridors.
The Provincial Growth Plan has set a target of 780,000 jobs in the Region by 2031, making the creation and retention of jobs an economic priority for many years to come.
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Media Contact: Tim Paleczny, Corporate Communications, York Region
905-830-4444 or 1-877-464-9675, ext. 1238 • Cell: 905-251-6413 • firstname.lastname@example.org