A great place to invest: Mississauga ranks in top 20 for best business locations in Canada for seventh consecutive year

For the seventh year in a row, Site Selection magazine has ranked the City of Mississauga Economic Development Office (EDO) in the top 20 local and regional groups who excel at positioning their municipality as one of Canada’s Best Locations. The ranking is based on corporate end-user facility investment, job creation data and the magazine’s own research.

“Our continued presence on this list, year after year, demonstrates that we are successfully cultivating ideal conditions to be a prime location for business and investment,” said Mayor Bonnie Crombie. “Congratulations to our Economic Development team, who work hard every day to create an environment where businesses of all sizes can grow and thrive. Their commitment, together with our highly-skilled workforce, diverse population, strategic location near major transportation routes and proximity to the Toronto Region, make us the ideal city to attract and retain businesses that drive our economy and help shape our unique identity.”

The 2023 results are based on data from April 2022 to March 2023, including:

• The number of new facilities and expansions per capita
• Project capital investment per capita
• Job creation per capita
• Subjective analyses of website resources, programming and outreach efforts

“This recognition from Site Selection validates that the work we are doing is helping our city attract new businesses and support the growth and longevity of our existing businesses,” said Christina Kakaflikas, Director, Economic Development. “Our Economic Development team, with the support and direction of Council, remains focussed on providing our business community with the programs and resources they need to grow and thrive, while continuing to build on the strategic priorities that will support sustained economic prosperity.”

Mississauga has the right assets to support business growth. From access to a strong and connected supply chain, to international market connectivity, to a large talented workforce, Mississauga continues to be a choice destination for world-class companies including these recent investments:

• Mother Parkers Tea & Coffee – Investment of $33.4 million to boost local manufacturing and create new employment. The company’s investment will add a new cold coffee and tea extracts manufacturing facility next to its existing facilities, enabling expansion of product offerings and a completely new product line.
• AstraZeneca Canada Inc. – Major expansion investment of its research footprint in Canada that brings 500 highly-skilled scientific and high-tech jobs to the Greater Toronto Area (GTA). The investment will contribute to AstraZeneca’s Research & Development Hub in Mississauga, which focuses on leading global clinical studies and the creation of a new Alexion, AstraZeneca Rare Disease Development Hub, which focuses on rare disease research.
• First Gulf Corporation – Partnership with Spear Street CapitalF – A world-renowned owner and developer of healthcare, research and technology-oriented properties in the United States, Canada and Europe, to redevelop a 24-acre site into a state-of-the-art life sciences campus that can accommodate up to 350,000 square feet of laboratory, office, innovation, and technology space within the Sheridan Research Park in south Mississauga.

Mississauga has room to grow as the City continues to shape complete dynamic communities that offer unique development and employment opportunities including:

• Downtown Mississauga, the largest mixed-use downtown development in Canadian history with over 18-million planned square feet of development including office development;
• In the south, Lakeview Innovation District, as part of the 177-acre Lakeview Village, that offers over 1.5 million square feet of available employment space that will create up to 9,000 new jobs.

To learn more about growth and development opportunities and why businesses continue to choose Mississauga, visit thefutureisunlimited.ca.

The Site Selection’s September 2023 issue highlights Mississauga alongside other top Canadian economic development groups.

To learn more about the top 20 Canadian economic development group rankings and recipients, visit siteselection.com

Tags

• Economic Development