We are thrilled to announce that the Invest Brampton – Economic Development Office has been honoured with two awards from the International Economic Development Council (IEDC) under the Excellence Awards 2024 category for our 2023 Annual Report and Economic Development Organization of the Year! This prestigious recognition highlights our commitment to fostering economic growth, innovation and community development in Brampton.
The 2023 Annual Report showcases significant milestones, strategic initiatives and the dynamic progress that continues to drive Brampton’s success. Our team is dedicated to creating a thriving business environment that supports local and international investments.
Click here to learn more about the 2024 IEDC Excellence Awards.
We want to extend our gratitude to our partners, stakeholders, and the entire Brampton business community for their unwavering support. This achievement is a testament to our collective efforts in making Brampton a leading hub for economic development.
Key Highlights from the 2023 Annual Report:
- 104,530 registered businesses in Brampton, an increase of 13.4%
- $2.3 billion total Construction Value
- Over 5.36 million square feet of approved Industrial, Commercial and institutional (ICI) development applications
- Axium Packaging Inc. is investing over $80 million in a new plastics manufacturing facility with 250 new jobs.
- Lululemon, a popular athleisure clothing company, announced it is building its largest distribution facility in North America, in Brampton, bringing 1,500 new jobs.
- Alectra opened a new 400-employee LEED Certified Operations Centre.
- Magna International is expanding its operation in Brampton, with a new facility manufacturing battery trays for electric vehicles. This facility will create 560 new advanced manufacturing jobs in Brampton.
Discover more about our award-winning strategies and future plans by reading the full report. Thank you to the IEDC for this honour and to our community for your continued support.
Click here to read the full report
By showcasing our achievements and recognizing the collaborative efforts of our community and partners, we continue to build a prosperous future for Brampton. Stay tuned for more updates and success stories!
About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers. With more than 4,300 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities by creating, retaining, and expanding jobs that facilitate growth, enhance wealth, and provide a stable tax base. From public to private, rural to urban, and local to international, IEDC’s members engage in the full range of economic development practices. Given the breadth of economic development work, our members are employed in various settings, including local, state, provincial, and federal governments, public-private partnerships, chambers of commerce, universities, and a variety of other institutions. When IEDC succeeds, its members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions. Learn more at www.iedconline.org today!
About the City of Brampton
As one of the fastest-growing cities in Canada, Brampton is home to 700,000 people and 100,000 businesses. People are at the heart of everything we do. We are energized by our diverse communities, we attract investment, and we are embarking on a journey to lead technological and environmental innovation. We partner for progress to build a healthy city that is safe, sustainable, and successful. Visit brampton.ca to learn more.
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