BRAMPTON, ON (March 30, 2023) – The City of Brampton’s Economic Development Office is releasing its 2022 Annual Report, highlighting a resilient, entrepreneurial local economy and, despite broader economic challenges, world-class investments generating high quality jobs across a range of sectors.
In 2022, Brampton secured benchmark investments, such as MDA Space‘s global headquarters and space robotics centre of excellence. In addition, Stellantis is leveraging a $3.6 billion investment to re-tool the Brampton facility to accommodate battery-electric and hybrid vehicles.
By the numbers:
- A record $2-billion total construction value, up 131% since 2018.
- 9 million sq. ft. of industrial and office space in approvals process.
- 90,000 businesses calling Brampton home.
- 300,000 building inspections completed in 2022.
Brampton is also home to incredible post-secondary partners that ensure the city is strategically positioned to support the diverse talent needs of the advanced manufacturing sector.
In recognition of its leadership in innovation and excellence in economic development and inclusivity, the Brampton Economic Development Office was awarded Accredited Economic Development Organization (AEDO) status, and is now one of 75 accredited economic development organizations in the world to receive this accreditation.
In 2023, the City is already building on this momentum and celebrating more major investments, with the TMU School of Medicine to open in 2025, training the next generation of medical professionals here in Brampton and Magna International adding an eighth facility in Brampton, building battery enclosures for electric vehicles in Brampton to create over 500 jobs.
Learn more about how the City of Brampton is creating a hub for innovation and excellence. View the Economic Development Office 2022 Annual Report at www.investbrampton.ca.
Quotes
“In 2022, Brampton demonstrated resilience. We not only kept our vitally important local economy working – we grew and exceeded expectations. We continued to attract major investment, including some of the largest and most impactful projects in Canada. These investments are a vote of confidence in our local economy, positioning Brampton to thrive.”
Patrick Brown, Mayor, City of Brampton
“It is an exciting time in Brampton. We are a growing city, in fact the fastest-growing of any big city in Canada. A record number of building permits are being issued as construction activity increases, and we are celebrating major investments. Each day we are working to create the most investment-friendly city in Canada, and to generate jobs and growth in our local economy.”
Gurpartap Singh Toor, Regional Councillor, Wards 9 and 10; Chair, Economic Development, City of Brampton
“With a business-focused lens in place, we are working to provide support to our business community through localized programs and services. Together, we will continue to advance a positive business climate and focus on creating the jobs of the future.”
Rowena Santos, Regional Councillor, Wards 1 and 5, Vice Chair, Economic Development, City of Brampton
“The City of Brampton continues to establish itself as a leader in innovation dedicated to excellence in economic development and inclusivity. We are working hard to provide the programs, services and infrastructure to meet the needs of residents and businesses, today and tomorrow, while maintaining a strong fiscal position. As investors and employers look to build or expand their businesses, I am confident Brampton will continue to stand out as an attractive, business-friendly location.”
Clare Barnett, Director, Economic Development and Culture, City of Brampton
Click here to read the full 2022 Annual Report from Brampton Economic Development
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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.
For media inquiries, please contact Corporate Communications.
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.
For media inquiries, please contact Corporate Communications.