BRAMPTON, ON (March 26, 2025) – The City of Brampton’s Economic Development Office has released its 2024 Annual Report, highlighting another year of remarkable growth, investment and innovation. With new businesses choosing Brampton, major expansions and continued advancements in the city’s Innovation District, Brampton remains a prime destination for economic prosperity and technological advancement.
From multinational corporations to homegrown startups, Brampton continues to foster a dynamic ecosystem of entrepreneurship and development. The city’s competitive advantages, including its strategic location, skilled workforce and business-friendly policies, drive unprecedented economic momentum.
By the numbers
- 111,000+ registered businesses in Brampton, marking continued growth
- $653M+ in total Industrial Construction Value
- $204M+ in total Commercial Construction Value
- $384M+ in total Institutional Construction Value
- 620 Industrial, Commercial and Institutional (ICI) permits issued
Business highlights
- Handi-Foods opened its first manufacturing facility in Brampton, creating 175 new jobs
- HelloFresh expanded into Brampton with a 200,000 sq. ft. facility, generating 600 new jobs
- The Toronto Metropolitan University (TMU) School of Medicine, set to open in Brampton in 2025, is expected to create 1,588 full-time faculty and staff jobs and support up to 18,976 jobs across Ontario
- Stellantis opened a 500,000 sq. ft. state-of-the-art MOPAR Parts Distribution Centre, representing a $25.1M investment and employing 250 workers
Brampton’s Innovation District: A hub for startups and growth
Brampton’s Innovation District continues to attract and support emerging businesses, providing access to mentorship, funding and networking opportunities. In 2024, the district saw remarkable achievements:
- 126 startups successfully graduated through Innovation District programs
- $37M in investments raised by participating companies and alumni
- 19 patents filed by companies and alumni of the Innovation District
- 321 events hosted by Innovation District partners, drawing over 9,000 participants
- $2.3M+ invested through the Brampton Innovation District and Brampton Angels into the Canadian early-stage startup ecosystem
Supporting businesses through trade uncertainty
As global trade conditions continue to shift, Brampton remains committed to supporting local businesses during the threat of tariffs. The City continues to engage with all levels of government to assess potential impacts and explore mitigation strategies. Brampton’s Economic Development Office also provides resources to help businesses navigate evolving trade conditions, including the Tariff Resource Hub available at investbrampton.ca/tariffs.
Quotes
“Brampton continues to be one of Canada’s fastest-growing big cities and our 2024 Economic Development Annual Report shows exactly why. From global brands choosing Brampton to major investments in our Innovation District, we’re proving every day that this city is open for business and ready for the future.”
Patrick Brown, Mayor, City of Brampton
“The strength of Brampton’s economy lies in our ability to attract investment while also supporting entrepreneurs and small businesses. The numbers speak for themselves. Brampton is thriving and our Economic Development Office is committed to maintaining that momentum.”
Gurpartap Singh Toor, Regional Councillor, Wards 9 & 10; Chair, Economic Development, City of Brampton
“Brampton’s resilience and innovation continue to drive our economic success, and the City remains committed to providing support, resources, and an environment for growth. Through strategic investments, a thriving Innovation District, and strong partnerships, Brampton is ensuring that businesses—large and small—can adapt, innovate, and remain competitive in an evolving global market.”
Rowena Santos, Regional Councillor, Wards 1 & 5; Vice-Chair, Economic Development, City of Brampton
“The 2024 Annual Report reflects the significant progress Brampton has made in strengthening its economic landscape. Our city’s ability to attract major investments, drive job creation, and support businesses in an evolving global market speaks to the strength of our economic development strategy. We will continue to work collaboratively with our partners to ensure sustainable growth and a thriving business community.”
Marlon Kallideen, Chief Administrative Officer, City of Brampton
“Brampton’s economic development strategy is delivering real results, and the 2024 Annual Report highlights the impact of our efforts. From supporting startups to attracting global enterprises, our city is fostering an environment where businesses can succeed. With the expansion of our Innovation District, increasing investment, and a commitment to business-friendly policies, Brampton is well-positioned for continued economic success.”
Denise McClure, Director, Economic Development, City of Brampton
About the City of Brampton
As one of the fastest-growing cities in Canada, Brampton is home to 800,000 people and 111,000 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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