Looking to start up or move your business?
You might want to strongly consider Hamilton as an option for your business location. According to Glen Norton, Hamilton’s Director of Economic Development, people are choosing to set up or grow their businesses in Hamilton.
A lot of the recent development is focused around the area business parks and airport.
Over the past year, Hamilton has seen $1,254,379,881 in building permits and this year the permits hit the billion dollar mark in September, faster than any year before. This benchmark suggests that the development of the industrial/commercial sector is catching up to the “residential boom”.
As a result, homeowners are no longer carrying the bulk of the tax burden which should translate to better economics overall.
Here’s a quick look at the top 5 reasons businesses are choosing Hamilton.
5 REASONS WHY BUSINESSES ARE MOVING TO HAMILTON
What buries most businesses is the overhead cost. Since Class-A office space rents for an average of $27.17 per square foot in Hamilton, more businesses are choosing to get ahead by “setting up shop” in Hamilton, which is on average half the price compared to the GTA. That isn’t even taking the money they are saving on housing into the equation if they also live here.
Available space and resources
While driving down Hamilton’s streets you’ll notice a pattern – business, business, business, empty storefront…. business, business, empty storefront…
The city is in the middle of revitalization but we still have plenty of space and are looking to grow! We welcome new businesses and investors with open arms and plenty of resources. Take a look at the Hamilton Economic Development Action Plan for a detailed breakdown of business opportunities in Hamilton.
Location, location, location!!!
Hamilton is perfectly located just far away enough from the GTA to be affordable yet still easily accessible. It’s easy to get where you need to go with access to highways and transit systems like the GO, VIA Rail, Greyhound, and Coach Canada.
Access to qualified employees
Hamilton has a surplus of qualified talent to hire. New graduates enter the workforce every year from Mohawk College, McMaster University and other post-secondary schools and there are always students looking for co-op placements/internships/or that first job in their field.
Diverse, multi-cultural population
There is something here for everyone and a market for (nearly)everything. From the industrial sector to hagglers flea markets, punk rock shops, barbershops, startups, local food markets and upscale boutiques and eateries. Hamilton is a great place to follow your dreams.
If you’re looking to relocate to Hamilton send me a quick message to get started.