Oshawa has tracked $1 billion in commercial, industrial and institutional development over the past five years, with major industrial companies bringing their global operations and thousands of new jobs.
This was announced at the recent Economic Outlook Breakfast presented by the city’s Economic Development Services Branch with TD Commercial Banking and the Greater Oshawa Chamber of Commerce. TD Deputy Chief Economist, Derek Burleton delivered the 20th annual economic forecast.
Fast industrial development, anchored by prestige employment lands at Northwood Business Park, is attracting new job creating tenants like global diary leader Lactalis Canada and international retail supply chain giant Martin Brower.
Significant investments and key developments taking place across the city represent over 7,000 direct jobs in Oshawa since 2020, said a city statement.
Oshawa’s Economic Development team presented additional highlights, including the recent launch of the Oshawa Economic Development Strategy, a 10-year strategy that focuses on enhanced trade, diversification and quality of life and positions Oshawa for future economies, opportunities and overall growth.
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