The new 10-year Economic Development Strategy recently announced by Oshawa aims to target emerging sectors such as Artificial Intelligence and Augmented Reality.
These sectors identified in high-growth fields include:
- Artificial Intelligence
- Augmented Reality
- Cybersecurity
- eSports
- EV and Automotive Technologies
The city believes the new focus will complement existing sectors such as healthcare, education, advanced manufacturing and energy generation, as well as drive job growth and further investment in the city. The strategy focuses on enhanced trade, diversification and quality of life and positions Oshawa for future economies, opportunities and overall growth.
The strategy builds on the city’s unique competitive strengths, such as proximity to major metropolitan centres, a robust labour force, emerging talent and key infrastructure assets such as air, sea, rail and highways, and aims to strengthen existing economic sectors in advanced manufacturing, modern technology and science driven businesses and services, said a city statement.
“We look forward to continuing the transition of Oshawa’s economic landscape from its historical foundation to a modern technology and science-driven economy,” said Councillor Bob Chapman, Vice-Chair of the Economic and Development Services Committee. “This new economic vision will augment advanced manufacturing, and bolster city infrastructure assets and cultural enrichment, all of which collectively position Oshawa for substantial growth over the next 10 years.”