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View Video Markham is Canada's advanced resources, with over 400 corporate international headquarters and 1,500 technology and life scientific researches companies. Markham has among the highest possible educated workforces in Canada due to its public education and learning system and waves of experienced immigrants to the area. Markham has the most affordable industrial tax obligation rate in the Greater Toronto Location.




We have a relatively diverse economic situation right here in the City of Markham. We are component and parcel of the Greater Toronto Area (GTA) however when it involves the main sectorsthere is no question regarding itthe modern technology sector is without a doubt the largest market that we have in our area.


To place that in viewpoint, we are the second biggest information technology (IT) hub in the countrysecond only to the city of Toronto. We also have a monetary sector right here with banks who have local workplaces situated within our community, and worldwide banks that have their Canadian head workplaces below.


It is fairly fascinating, when you increase the Freeway 404-Highway 407 hallway, you will certainly see several of the biggest names in engineering firms that are doing work here in Ontario, in various other parts of Canada, and globally. We have actually ended up being quite a center for some of those professional services located right here in the city.

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Markham's economy is extremely varied, but as long as we call ourselves Canada's high-tech capitaland we have over 400 company multinational headquarters herewe are actually no various than numerous various other communities in the sense that the vast majority of services are little- and medium-sized ventures (SMEs). They are the small companies, whatever from 5 to 20 workers, and we have hundreds of those located within our community.


Markham and Toronto are very linked, and some communities could see that as a curse, but I see it as a blessing due to the fact that we are the second biggest IT center in the country, second just to the city of Toronto. There are natural partnerships in not simply the IT sector but various other markets too, where we have people that may reside in Toronto and they are concerning help our firms.


What links us to Torontoand absolutely the rest of the GTAis the transportation system. This is critically essential in any type of city location, and Freeways 404 and 407 not only aid connect us to parts of Toronto but to the various other components of the GTA. Our area attracts attention in many areas and we hold our very own.

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We hold our very own in the industries that are below, and we also have among the highest portions of post-secondary enlightened workforce in the nation (Markham). That is in component due to our education and learning system, but it is additionally since when the waves of immigration were happeningbecause of the criteria of obtaining into Canadawe were able to attract individuals that came here that are highly experienced, extremely informed and have an extraordinary amount of experience in other territories


One is our ecosystem. The reason is we are a neighborhood of our dimension with a variety of IT firms, and it is not that they are standalone entities, it's that we functioned really hard at developing an environment that sustains modern technology and innovation. Our regional advancement centre, ventureLAB, has actually stood apart in regards to the start-up firms and the support they have provided to international direct financial investment.


There is a community of ventureLAB and also York University, who have additionally opened a development centre right here in Markham, YSpace. There are a few other exclusive business that additionally have research study centres and advancement centres within their own companies. There are 5 companies right here in Markham that would be in the leading 10 of study and advancement financiers.


Recently we had the ground breaking for a new campus for York College right below in the city of Markham. This specific my link university is going to be integrated with the firms that are below. They are going to be functioning hand-in-hand to develop the curriculum so that the grads of tomorrow will have found out the skillsets that the employers are looking for.

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If a company was seeking to spend not simply in IT yet in pharmaceutical or fabricated knowledge, this is the place to do it since we have the peoplewe are mosting likely to have even more graduates out of York University which will be placed to benefit those firms. "If a business was seeking to invest not just in IT but in pharmaceutical or man-made intelligence, this is the area to do it." Apart from the regular activities ventureLAB is doing to support business, we also have the Hardware Stimulant Effort.


This Equipment Stimulant Effort will certainly be a laboratory where business and organizations can come together to develop brand-new technology to create that capacity and for it to be developed right here in Canada. One of things that I often say about the City of Markham, is that numerous areas will tell you that they roll out the red carpetand it is a great sensation when you are walking down the red carpetbut it is what takes place when you walk through the front door.


This is why Honda Canada (Markham address) involved the City of Markham. They were under a great deal of pressure because they have actually been looking in other places to open up their head office and circulation centre in Ontario and Canada, and we obtained them through a main plan change, their zoning and site strategy, in an issue of 8 months

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It is that attendant service that we offer not simply on the red carpet yet after you survive the front door. Markham has a neighborhood federal government that works hand-in-hand with financiers when they come here due to the fact that we want them to be effective. There is additionally excellent news for investors at the provincial levela great deal of red tape being cut in Ontario, trying to enhance the financial investment procedure.


"Markham has a city government that functions hand-in-hand with financiers when they come below since we desire them to be successful." Our talent swimming pool is strongwe have one of the greatest post-secondary educated workforces in the whole nation, and we now have a public university that is mosting likely to enhance our position because regard.


We have the complete package, and we work with capitalists to make things take place as swiftly and as efficiently as we can. Share Limelight Meeting.

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