Q2 REPORT

Q2 REPORT Halton Region’s Business Development Division April - June 2008 B US I N E S S D E VE L O P ME N T Halton Region’s New Development Charges Effective August 18, 2008 On May 28, 2008, Regional Council passed By-Law No. 62-08 to establish Halton Area-Specific (HUSP/Non-HUSP) Water, Wastewater, and Roads and General Services Development Charges (DC), which come into force and effect on August 18, 2008. The Region’s new DC By-Law contains several policies which support industrial and commercial office development in Halton, while still helping Halton Region address the fiscal reality of building and expanding municipal infrastructure, including: • A phase-in of Non-residential, Non-retail rates (with an annual indexing) to provide an opportunity for the market to adjust to the new DC rates. • Effective August 18, 2008, in Halton’s non-HUSP areas — the built-up areas in Burlington, Oakville, (excluding North Oakville,) and the Georgetown and Acton areas of Halton Hills — Non-retail DC rates will decrease 9% from the current April 1, 2008 rates Total Development Charges in Halton for Industrial, Office and Retail Uses by Local Municipality (and HUSP / Non-HUSP areas) Effective August 18, 2008 iii Burlington Non HUSP i Non HUSP Areas DC Rates per Sq. Ft. Industrial Office Halton Region Local Municipality School Boards ii Total DC payable HUSP Areas North Oakville HUSP (North of Dundas Street) DC Rates per Sq. Ft. Industrial Office Halton Region Local Municipality School Boards Total DC payable i Burlington’s urbanized areas are Non-HUSP excepting the lands bounded by Dundas St., Highway 407 and Burloak Rd. east of Appleby Line, which is part of HUSP ii This is the combined DC per square foot as charged by the Halton District and Halton Catholic District School Boards (the $0.60 per square foot rate applies equally in HUSP / Non-HUSP areas) iii All development charges indicated above are subject to annual indexing on April 1st of each year. Oakville Non HUSP (QEW and South of Dundas) DC Rates per Sq. Ft. Industrial Office $7.18 $5.77 $0.60 $7.18 $5.77 $0.60 Retail $11.23 $5.77 $0.60 $17.60 Halton Hills Non-HUSP (Georgetown and Acton) DC Rates per Sq. Ft. Industrial Office $7.18 $2.27 $0.60 $7.18 $5.63 $0.60 Retail $11.23 $5.63 $0.60 $17.46 Retail $11.23 $3.05 $0.60 $7.18 $3.05 $0.60 $7.18 $3.05 $0.60 $10.83 $10.83 $14.88 $13.55 $13.55 Milton HUSP (All Urban Areas) $10.05 $13.41 Halton Hills HUSP (Highway 401 to Steeles) DC Rates per Sq. Ft. Industrial $10.74 $2.27 $0.60 Office $10.74 $5.63 $0.60 Retail $14.79 $5.63 $0.60 $21.02 Retail $14.79 $3.41 $0.60 $18.80 DC Rates per Sq. Ft. Industrial Office $10.74 $10.74 $3.41 $0.60 $3.41 $0.60 Retail $14.79 $5.77 $0.60 $21.16 $10.74 $10.74 $5.77 $0.60 $5.77 $0.60 $17.11 $17.11 $14.75 $14.75 $13.61 $16.97 to $7.18 per square foot. This rate will help maintain the competitiveness of employment areas along the QEW corridor and in established business parks across the Region. For the HUSP (Halton Urban Area Structure Plan) area, Non-retail rates will increase 12% to $10.74 per square foot. • A continuation of the Region’s policy to allow deferral of Non-residential DC payments through an agreement for all developments (excluding subdivision and other development agreements) for all lands. Payments are to be amortized over a 10-year period at the prime lending rate of the Region’s bank. • A continuation of the Region’s lot coverage relief policy which provides partial DC exemptions for Non-residential development that exceeds its lot size. Development with Total Floor Area (TFA) of up to 1.0 times the lot area is 100% DC payable; TFA between 1.0 and 1.5 times the lot is 50% DC payable; and TFA beyond 1.5 times the lot area is 25% DC payable. cont’d... In This Issue Regional Development Charges New Investment Highlights Market Overview Housing Market Overview Sector Spotlight: Biotechnology Q2 REPORT cont’d... In its May 28, 2008 adoption of Report No. CS-33-08 re: “Final 2008 Water, Wastewater, Roads and General Services Development Charge Proposals”, Council added the recommendation that Regional staff report on options to deploy a number of targeted economic development tools, which may prove to be beneficial to future industrial and office development in the region, including: • restructuring of DCs by industrial class or group • tax rate adjustments • improvements to process time (and cost) for Environmental Assessments and Regional and Local Municipal processes • improved coordination between the Region and Local Municipalities for standardization of processes, guidelines and economic development • availability of serviced employment areas, and • methods to identify overall return on investment to allow economic development decisions to be transparent, accountable and measurable. Council also maintained its policy of exempting agricultural development from payment of DCs under By-Law No. 62-08, which helps support a strong, growing agricultural sector in Halton. Halton Region went through the process of updating its DCs to address the significant increases in construction costs in municipal infrastructure and to reflect the higher level of growth projections approved by Council in the 2007 Best Planning Estimates. The new DC By-Law reflects a year of analysis conducted by Regional staff with the Development Charges Advisory Committee through a consultative process, which included delegates from local Chambers of Commerce, the development industry, Councillors and residents. For more information on Development Charges, visit www.halton.ca/business. BU S I NESS D EV ELOPMENT New Investment Highlights Construction Continues on Burlington Office Building Cooper Construction Ltd. continues work on the Sunlife Financial building in Burlington. This four-storey, 77,000 sq.ft. office building is scheduled for completion by the end of September, 2008 and is aimed at LEED® (Leadership in Energy and Environmental Design) certification. Source: Daily Commercial News, April 14, 2008 UPS to Expand Burlington Campus Less than two years after its grand opening, UPS Canada is already expanding its Burlington strategic logistics campus. The expansion of more than 175,000 sq.ft. will support faster shipping turn-around for the local, national and international businesses UPS serves in the area. The centre, located at 4156 Mainway in Burlington, will expand from its current 800,000 sq.ft. in two buildings to more than 975,000 sq.ft. with the addition of a third distribution centre. The decision to enlarge the facility was made after the current centre, including 55,000 sq.ft. of storage area, hit maximum capacity. The campus serves as a key central supply chain facility in Canada for major national retailers. Increasing e-commerce activity across Canada is driving customer requirements for post-sales service and returns management. The latest UPS expansion also is expected to support after-sales activity and critical parts inventory management for high-value technology components and computer products. The strategic logistics campus opened in September 2006 and currently employs 500 people to provide order fulfillment, freight receiving, shipment preparation and inventory management. The expansion is expected to create 15 to 20 new jobs. Source: CNW Group, June 11, 2008 22 Q2 REPORT Burlington Company Receives Provincial Investment Grant The Ontario government is helping to bring to market the award-winning CPRGlove™ developed by a Burlington-based healthcare company. Ontario’s $500,000 investment in Burlington’s Atreo Medical Inc. is one of two new grants awarded through the province’s Market Readiness Program, which helps innovative Ontario companies grow to the point where they can attract investment from other sources. Atreo Medical Inc.’s CPRGlove™ interactively guides users on how to most effectively perform life-saving Cardio-Pulmonary Resuscitation (CPR). The technology will improve the survival rates of the nearly 350,000 annual out-of-hospital cardiac arrests that occur within Canada and the United States. Source: Ontario Ministry of Research & Innovation, May 13, 2008 BUS INES S DEVEL OPMENT City of Burlington Named One of Canada’s Top Communities The City of Burlington ranked 8th out of 154 communities in MoneySense magazine’s Top Communities in Canada list. Each community was ranked in four categories: weather, affordable housing, prosperity and lifestyle. Burlington scored especially high marks for its weather and air quality, household income, and low crime rate. Source: MoneySense magazine, May, 2008 EFCO to Expand Halton Hills Facility One of Halton Hills’ largest employers is set to expand. EFCO, located on Todd Road in Georgetown will start construction on a 40,000 sq.ft. addition to their plant. EFCO is an American company and has been located in Georgetown for over 40 years and currently employees over 60 people. EFCO’s skilled work force designs and fabricates steel forms that are used to form concrete. The products are used in all types of construction where poured concrete is used. Forms manufactured at the Georgetown plant were used on the Confederation Bridge which links Prince Edward Island with the mainland. Source: Town of Halton Hills Economic Development Evertz Microsystems Wins Premier’s Innovation Award Burlington’s Evertz Microsystems Ltd. won a Premier’s Catalyst Award, plus a $200,000 prize, at the 2008 Premier’s Innovation Awards held in April in Toronto. Ontario Premier Dalton McGuinty and Minister of Research and Innovation John Wilkinson distributed more than $7.3 million to 10 award winners to encourage them to continue their work in sectors like healthcare, a cleaner environment and job creation. The Premier’s Innovation Awards is one part of Ontario’s Innovation Agenda, a plan to invest $3 billion over eight years to support research excellence and ignite growth in industry and create jobs. Evertz, with its worldwide headquarters in Burlington, won the Catalyst Award for being the company with the best innovation for its MVP technology pertaining to multi-image display processing. Source: Burlington Post, May 2, 2008 Roxul’s Milton Expansion to Create 100 New Jobs Insulation manufacturer Roxul held a groundbreaking ceremony in June to celebrate construction work that will double the size of its Milton plant and create about 100 new jobs. The new facility is expected to open in early 2009. Roxul’s Milton plant expansion represents a total investment of about $175 million by Rockwool International, the company’s Danish parent. The province provided a $10-million loan, announced March 2007, from Ontario’s Advanced Manufacturing Investment Strategy (AMIS). Source: CNW Group, June 5, 2008 3 Q2 REPORT Eco-Friendly Technology at Ford’s Oakville Plant Turns Fumes to Fuel Ford’s Oakville Assembly Complex will begin producing ‘green’ energy this summer through the use of the company’s patented Fumes-to-Fuel system, an eco-friendly, industry-leading pollution-control system that converts emissions from the plant’s paint shop into electricity to help power the plant. The system is expected to reduce carbon dioxide emissions from the plant by 88 per cent and eliminate nitrogen oxide emissions as compared to traditional technology. “The Oakville Assembly installation is the first of its kind in the world to harvest emissions from an automotive facility for use in a fuel cell,” said Kit Edgeworth, Oakville’s manufacturing abatement equipment technical specialist. “It is the greenest technology and offers the perfect solution to one of the industry’s biggest environmental challenges traditionally.” Edgeworth added that at full production, Oakville should be able to produce approximately 300 kilowatts of energy per hour, which is enough to power approximately 30 homes. Source: www.Ford.com, June 3, 2008 BU S I NESS D EV ELOPMENT Wilkinson, Minister of Research and Innovation also recently visited Oakville’s Petro Sep Membrane Technologies Inc. in recognition of its new clean waste technologies and recent accreditation as a prestigious Ontario Technology Partner. Petro Sep International Ltd. has recently licensed Azeo Sep™ and VOC-Sep™ (collectively called SepTec Technology) to its joint venture company, KmX Corporation. Over the life of the joint venture, KmX has committed to purchase 10 solvent purification plants from Petro Sep at a cost over $100 million. Each turnkey facility will be engineered, designed and built by Petro Sep and will use Petro Sep’s patented, custom design membrane technologies. Petro Sep has also designed and built a testing machine which is currently installed and operating in their 20,000 sq.ft. plant in Oakville. Petro Sep established operations in Oakville in 1999 and currently has 15 employees, but plans to hire additional professional staff as they continue to expand in the international market place. Source: Petro Sep Ltd. Innovative Oakville Company has World Markets Targeted in Recycling of Chemical Waste On May 23, 2008, Kevin Flynn, MPP (Oakville) announced that the Government of Ontario was investing $1 million in Petro Sep’s North American joint venture. The investment is from the Ministry of Research and Innovation as part of its Innovation Demonstration Fund. Petro Sep is a world leader in providing sophisticated membrane systems that can recover and restore hazardous spent chemical solvents to 99.5% of original purity. Petro Sep’s clean technologies allow for these chemical solvents to be recovered and reused instead of being incinerated as hazardous waste. The Hon. John GO Transit Improves Services and Facilities in Halton Construction of a new parking structure at the Burlington GO Station is almost complete. This four-level, $20 million parking facility will provide an additional 600 parking spaces for GO customers. GO Transit and the Governments of Canada and Ontario have announced the proposed expansion of the Georgetown South corridor. This is one of the projects proposed under the GO Transit Rail Improvement Program (GO TRIP). This plan would improve rail infrastructure along GO’s Georgetown line, through west Toronto. The proposal will also cont’d... 4 Q2 REPORT cont’d... examine alternatives for an airport transportation link. A decision on the approval of the Terms of Reference for the Environmental Assessment is still pending. In June, GO Transit announced that it will be expanding the Milton line to provide all-day two-way train service. This will be the first of GO’s planned expansions to take advantage of Premier Dalton BUS INES S DEVEL OPMENT Three Halton Companies Named in ‘Best Workplaces in Canada’ List Located in Oakville, biotechnology and pharmaceutical manufacturer Nycomed Canada Inc. ranked #3, and healthcare distributor Becton Dickinson ranked #21. Burlington’s Halsall Associates Limited, an engineering consulting firm, ranked #25. Companies appearing in Canada’s Best Workplaces list were selected based on employee responses to a survey and a Culture Audit® developed by the Great Place to Work® Institute, and other materials submitted by the organization, as well as information gathered from reputable media sources. Source: Great Place to Work® Institute of Canada, April 2008 McGuinty’s multibillion-dollar transportation plan announced last year. GO Transit has also recently lengthened Milton line GO Trains to 12 cars from the usual 10. This has made more seats available and helped ease crowding. GO Bus services have also recently expanded in Halton, including new weekday service from its Milton Station to Bronte, and weekend and holiday bus services for Acton and Georgetown. GO Transit has improved service at the Oakville GO Station. In May, GO announced that an additional 200 parking spaces were now available to alleviate parking congestion. GO has also announced that a bus stop carpool lot will be constructed at Trafalgar Road and Highway 407. This project will include the construction of a parking lot, bus loop facility, and bus shelter. Sources: www.gotransit.com www.kenaidan.com The Globe and Mail, June 26, 2008 www.georgetownpearsonstudy.ca CNW Group, May 8, 2008 Two Halton Companies Included in ‘Canada’s Fastest Growing Companies’ List Oakville’s Entripy Custom Clothing and Burlington’s Evertz Technologies Ltd. were named as two of Profit magazine’s 100 fastest growing companies in Canada. Ranked #56, Entripy Custom Clothing creates screen prints, embroiders custom casual wear and sells custom clothing to schools and corporations such as Tim Hortons, Carlsberg Canada and the University of Toronto. Ranked #90, Evertz Technologies Ltd. through its wholly-owned subsidiary, Evertz Microsystems Ltd., supports the delivery of high-definition television signals over telephone networks using Internet protocol. Source: Profit Magazine, June 18, 2008 5 Q2 REPORT Market Overview Top Non-Residential, Non-Retail Developments, Q2 2008* Name of Development Metrolinx (GO Transit) ** Gordon Food Service TransCanada Energy EFCO Canada Ni-Met Metals and Minerals Inc. Venture Business Centre, Spiegel Properties Location Burlington Milton Halton Hills Halton Hills Oakville Oakville Oakville Building Type New Multi-Storey Parking Facility Addition of Industrial Warehouse New Electrical Substation Industrial Expansion New Multi-Storey Office Speculative Multi-Unit New Industrial Office Renovation Area (sq ft) Construction Value ($) 240,692 59,761 52,420 40,655 21,485 77,705 8,396 5,005 $20,000,000 $8,500,000 $5,111,000 $3,200,000 $3,080,000 $2,600,000 $1,400,000 $1,000,000 BU S I NESS D EV ELOPMENT Green-Port Environmental Managers Halton Hills * Listing of all non-residential, non-retail developments in excess of $1 milllion in construction value. ** City of Burlington building permit by-law 56-2005 designates parking garages under Group F, Industrial Occupancies. Source: Local Municipal building departments. Construction Value ($ thousand) of New Developments, Q2 2007 vs Q2 2008* Type of Construction Q2 2007 Residential Industrial Commercial Institutional Other Total Value 40,705.8 6,052.0 11,256.0 4,783.5 7,996.5 70,793.7 Q2 2008 35,724.7 22,040.3 64,766.2 992.0 6,847.5 Q2 2007 82,673.0 18,853.0 57,476.5 8,230.5 629.3 Q2 2008 87,506.8 5,917.4 28,583.7 235.9 1,170.3 123,414.0 Q2 2007 21,851.9 2,097.9 25,515.0 98.7 2,717.7 54,582.7 Q2 2008 62,442.8 10,335.6 3,874.5 0.0 4,183.7 80,831.6 Q2 2007 17,795.1 2,725.0 1,010.0 26.0 1,945.0 23,501.1 Q2 2008 11,488.0 53,400.6 404.2 0.0 3,175.0 68,467.8 Q2 2007 163,025.8 29,727.9 95,257.6 13,138.7 13,288.5 316,740.0 Q2 2008 197,162.3 91,693.9*** 97,628.7 1,227.9 15,376.4 403,084.1 Burlington Oakville Milton Halton Hills** Halton 130,370.8 167,862.4 * Figures may not add due to rounding ** Excluding agricultural permits *** Total industrial construction values for Q2 2008 includes a $20 million GO Transit parking facility in Burlington. See “Top Non-Residential, Non-Retail Developments, Q2 2008” table for additional information. Source: Local Municipal building departments. The Total Construction Value of building permits in Halton witnessed an overall increase of 27% during the 2nd quarter over the same period last year. This overall increase is attributable to a significant rise in the value of industrial permits in Halton, and partly attributable to rising construction costs (the composite price index for non-residential building construction in the Toronto area increased 10.3% in 2008 from the second quarter of 2007). In Halton Hills, industrial developments increased by over $50 million in construction value over last year, with several large developments underway on serviced employment areas along the Highway 401 corridor. TransCanada Energy has begun construction on the Halton Hills Generating Station, which is due for completion in 2010, and EFCO Canada is currently undertaking a 40,000 sq.ft. expansion to their steel forms facility. Burlington also witnessed a significant spike in development with the construction of a new, multi-storey parking facility at the Burlington GO Station. The new facility will provide parking for over 600 vehicles and is expected for completion in September 2008. 6 Q2 REPORT Halton Economic Indicators Economic Indicator Total Population Employment 3 4 4 1 2 BUS INES S DEVEL OPMENT Q2 2007 453,700 469 238,827 6.9% 6.3% 37,437 24 7 Q2 2008 467,200 483 246,854 6.5% 6.3% 37,065 34 $403,084,086 $91,693,872* $97,628,667 $1,227,850 $197,162,334 8.78% 5.95% $113,100 166,722 1,281 $471,724 % Change 3.0% 3.0% 3.4% 5.8% 0% 1.0% 41.7% 27.3% 208.4% 2.5% 90.7% 20.9% n/a 14.4% 2.3% 3.0% 1.5% 15.1% Population Density (per sq ft) Unemployment Rate (Toronto CMA) Number of Businesses 5 6 Unemployment Rate (Hamilton CMA) Business Bankruptcies Total Construction Value $316,739,960 Industrial Commercial Institutional Residential $29,727,930 $95,257,560 $13,138,740 $163,025,769 n/a 5.20% $110,600 161,884 1,262 $409,717 Industrial Availability Rate (2nd Qtr) Office Availability Rate (June) Average Household Income Occupied Dwelling Units Housing Sales 11 11 3 10 9 8 Average Housing Price * Total industrial construction values for Q2 2008 includes a $20 million GO Transit parking facility in Burlington. See “Top Non-Residential, Non-Retail Developments, Q2 2008” table for additional information. Sources: 1 Halton Region Best Planning Estimates, April 2007 (forecasted) 2 Based on Halton’s land area of 967 square kilometres 3 Halton Region Best Planning Estimates, April 2007 (forecasted) 4 Statistics Canada, Labour Force Survey Estimates (Table 282-0052, 3 month moving average, unadjusted), July 2008 5 Statistics Canada, Canadian Business Patterns. As of June 2007 for 2007 estimate and December 2007 for 2008 estimate. 6 Office of the Superintendent of Bankruptcy Canada, 2008 7 Local municipal building departments 8 Colliers International, Q2 2008. Based on rates in Burlington, Milton and Oakville. 9 Colliers International, June 2008. Based on rates in Burlington and Oakville. 10 FP Markets, Canadian Demographics, 2007 and 2008 11 Toronto Real Estate Board, Market Watch, Q2 2007 and Q2 2008 While economists remain cautiously optimistic of Canada’s growth forecasts for the remainder of this year, ongoing credit concerns in the U.S., soaring energy costs and high commodity prices, and the continued strength of the Canadian dollar has introduced risks of stagflation and increased pressures on Canada’s manufacturing sector. While the availability of competitively priced and serviced employment lands has continued to spur new industrial and office growth in Halton, the struggles facing the manufacturing sector are being felt across the region. Since the beginning of the year, Halton has seen several large closures including PCL Packaging, Polywheels, and Affinia. Several other manufacturers have initiated layoffs or downsized hiring plans. Business bankruptcies also rose considerably from the same period last year. Similar situations are being played out across Ontario and are renewing calls on senior levels of government to assist the beleagured manufacturing sector. 7 Q2 REPORT Industrial Market Overview by Municipality, Q2 2008 Burlington Inventory (sq ft) Vacancy Rate Absorption (sq ft) Average Land Price (per acre) Net Rental Rate (per sq ft) Average Sale Price (per sq ft) 20.5 million 6.9% -137,667 $400,000 $5.83 $111.80 Milton 10.8 million 5.7% 678,349 $390,000 $5.68 $96.20 Oakville 17.9 million 5.3% -379,869 $495,000 $5.82 $108.92 BU S I NESS D EV ELOPMENT Note: Information is not available for Halton Hills Source: CBRE, Q2 2008 South Halton Office Market Overview, Q2 2008 Burlington Inventory (sq ft) Vacancy Rate Absorption (sq ft) Under Construction (sq ft) Net Rental Rate (per sq ft) Source: CBRE, Q2 2008 Oakville 2.1 million 8.5% 30,339 125,089 $19.86 3.1 million 8.0% -13,125 126,017 $14.20 Select Non-Retail Employment Announcements, Q2 2008 Company Name Municipality Ford of Canada* Polywheels UPS Roxul Affinia Canada Oakville Oakville Burlington Milton Milton Industry Manufacturing Manufacturing Distribution & Logistics Manufacturing Manufacturing Employment Impact +160 (transfers from Windsor plant) -250 (closure) +20 (new jobs) +100 (new jobs) -50 (closure) * In April 2008, Ford announced 500 new hires for the Oakville Assembly Complex In July, this figure was reduced to 160. Source: Halton Region Business Development Division, media monitoring. 8 Q2 REPORT Housing Market Overview Halton’s booming housing market continued into the second quarter with new housing starts up 42% from the same period last year. Continuing its trend from earlier this year, Milton led residential construction in Halton with a commanding 117% rise in housing starts. Burlington followed at a distant second with a 38% hike, due primarily to new construction occurring in its Alton community. Oakville also saw continued, stable growth in its housing market into the second quarter, in both the single and multiple-dwelling units. Meanwhile, the resale market in Halton is showing signs of tightening despite the still favourable low interest rate environment. While housing sales remained virtually unchanged from the second quarter of 2007, average housing prices crept up 15% from 2007 to over $471,000 in the second quarter. Housing affordability will continue to be a concern in Halton until new residential construction eases supply pressures. BUS INES S DEVEL OPMENT Housing Starts in Halton Region, Q2 2007 vs. Q2 2008 Municipality Burlington Halton Hills Milton Oakville Halton Total Q2 2007 286 96 454 437 1,273 Q2 2008 394 41 987 384 1,806 % Change 38% 57% 117% 12% 42% Note: Includes both single and multiple dwellings. Source: Canada Mortgage and Housing Corporation, Housing Market Information, July 2008 Halton Housing Overview, June 2008 Municipality Burlington Halton Hills Milton Oakville Halton Total Total Supply 1,333 158 2,086 1,447 5,024 Under Construction 850 144 1,723 1,165 3,882 3 mos. Average Absorption 68 36 161 109 372 Note: Includes both single and multiple dwellings. Source: Canada Mortgage and Housing Corporation, Housing Market Information, July 2008 9 Q2 REPORT Sector Spotlight: Biotechnology BU S I NESS D EV ELOPMENT Emergence of the “Bioeconomy” The emerging “bioeconomy” is expected to spawn innovations that will improve health, the productivity of agriculture and industrial processes, and enhance environmental sustainability. The recently coined “bioeconomy” refers to the set of economic activities relating to the invention, development, production and use of biological products and processes – otherwise known as the biosciences or biotechnology sectors. Biotechnology actually consists of a group of related technologies with applications in many different economic sectors – agriculture, forestry, aquaculture, mining, petroleum refining, environmental remediation, human and animal health, food processing, chemicals, security systems, as well as many industrial processes. Given the range of current and potential applications of the biosciences, together with their economic, environmental and social impacts, there is significant interest in the growth of this key market. Source: Organization for Economic Co-operation and Development (OECD) Halton’s Bioeconomy Halton is home to a growing biotechnology sector. In 2007, over 300 enterprises across the region operated in sectors typically associated with biotechnology, including: • • • • • • • Medical Equipment/Instruments and Supplies Manufacturing Medical and Diagnostic Laboratories Pharmaceutical and Medicine Manufacturing Scientific Research and Development Services Chemical Manufacturing Food Manufacturing Scientific and Technical Consulting Services. Halton is also considered a location of choice for investment in the biotechnology sector. The region is home to Sheridan College Institute of Technology and Advanced Learning in Oakville and in close vicinity to three universities and three colleges of applied arts and technology. Statistics Canada’s recent Census figures on Halton’s labour force show that: • • • • Nearly 19,000 people in Halton are employed in natural and applied sciences and related occupations, Over 11,000 people hold occupations in the health sector Occupations unique to processing and manufacturing account for more than 10,000 jobs Over half of Halton’s adult population hold a post-secondary certification, diploma or degree 10 Q2 REPORT Trends in Biotechnology Enterprises Throughout Halton 1999-2007 350 300 Number of Biotechnology Enterprises 250 200 150 100 50 0 1999 2000 2001 2002 Year 2003 2004 2005 2006 2007 BUS INES S DEVEL OPMENT Burlington Halton Hills Milton Oakville Halton Source: Statistics Canada, Canadian Business Patterns, accessed 2008 Distribution of Biotechnology Sectors in Halton 2007 Oil & Gas Extraction 1% Medical & Diagnostic Laboratories 16 % Research & Development Services 25 % Electric Power Generation 2% Golden Horseshoe Biosciences Network Halton Region is part of the Golden Horseshoe Biosciences Network (GHBN) – a not-for-profit corporation encompassing Hamilton, Halton and Niagara. As the primary facilitator for the bioscience community, the GHBN helps stimulate commercialization growth across the region. The GHBN delivers cluster elements together in a deliberate and strategic manner, and endeavours to ensure that all existing resources and capacity in the region is fully utilized and made apparent to the Golden Horseshoe bioscience community. The network promotes the Golden Horseshoe region as a globally competitive bioscience cluster for the development and commercialization of innovative products, a world class provider of services in areas of biotechnology, biopharmaceuticals, health and medicine, bio-manufacturing and bioengineering technologies. For more information on the Golden Horseshoe Biosciences Network, visit: http://www.ghbn.org Food Manufacturing 28 % Chemical Manufacturing 28 % Total Number of Biotechnology Firms in Halton: 309 Source: Statistics Canada, Canadian Business Patterns, December 2007 11 7 Q2 REPORT Biotechnology Firms in Halton Medical and Diagnostic Laboratories 1. E.T.S. Inc. Holster Scanning Services 2. M D S Laboratories 3. M D S Laboratories 4. Orchid Helix DNA Testing Services Medical Equipment and Supplies Manufacturing 5. Arrow Medical Products 6. Benlan Inc. 7. Biomet EBI Canada Inc. 8. Biophysica Inc. 9. Bruker BioSpin Limited 10. BLS Systems Limited 11. Communications and Power Industries Inc. 12. Halton Dental Laboratories Limited 13. Labtician Ophthalmics Inc. 14. MAR COR Purification BIOLAB Equipment 15. Mitech Dental Laboratory Inc. 16. Noram Solutions 17. Nu-Dent Laboratory Inc. 18. Obtura/Spartan Canada 19. Orthogait Inc. 20. Otto Bock Health Care 21. Pedorthic Solutions 22. Progenic Dental Laboratories 23. Pulse Scientific Inc. 24. Thermo Fisher Scientific 25. UltraRay Medical Products Inc. 26. Ultramed Inc. 27. Virox Technologies Inc. 28. Walsh Medical Devices Inc. 29. Widex Canada, Ltd. 32. Endress + Hauser Canada Ltd. 33. Excel Tech Ltd. 34. Gennum Corp. 35. MGN Engineering Inc. 36. Ultramed Inc. Pharmaceutical and Medicine Manufacturing 37. Nycomed Canada Inc. 38. Becton Dickinson Canada Inc. 39. Boehringer Ingelheim (Canada) Ltd. 40. Cedarlane Laboratories Ltd. 41. GlaxoSmithKline Consumer Healthcare Inc. 42. Glenwood Laboratories Canada Ltd. 43. Patheon Incorporated 44. Sigma-Aldrich Canada Ltd. 45. Univet Pharmaceuticals Ltd. 46. Wellspring Pharmaceutical Canada Corp. BU S I NESS D EV ELOPMENT 54 11 58 HALTON HILLS MILTON 38 45 36 26 9 PEEL HAMILTON BURLINGTON OAKVILLE 24 16 14 50 32 52 51 15 34 18 5613 39 1 47 43 19 21 56 40 35 49 57 2 29 25 28 46 22 37 7 12 4 3 10 48 4253 8 17 LAKE ONTARIO 33 30 27 20 13 6 5 44 41 31 Scientific Research and Development Services 47. Canada Microsurgical Limited 48. Carolwood Corporation 49. CJS Technology Inc. 50. Cytobiotechnics Inc. 51. i3 Innovus Research Inc. 52. Natrix Separations, Inc. 53. Petro Sep Membrane Technologies Inc. 54. Purity Life Health Products Limited 55. Straumann Canada Limited Medical Instruments 56. Zeton Inc. Manufacturing 57. GE Water & Process 30. Coordinate Industries Ltd. Technologies 31. Dionex Canada Ltd. 58. Caledon Laboratories Ltd. For more information, contact Halton Region 905-825-6000 Toll free: 1-866-4HALTON (1-866-442-5866) TTY: 905-827-9833 Email: busdev@halton.ca www.halton.ca Source: Golden Horseshoe Biosciences Network Note: Companies listed on this map represent a cross section of the bioscience firms and related organizations located in Halton. This map does not represent a complete listing of all companies in the region. Business Development Division