Hamilton, ON, FEB 11th 2014: The Hamilton-Niagara Peninsula region leads the province in business confidence, according to a new survey from the Hamilton Chamber of Commerce the Ontario Chamber of Commerce and Leger Marketing. The annual Ontario Business Confidence Index shows that 59 percent of surveyed businesses are confident in Ontario’s economy--up a significant 15 percentage points from last year.
The index also shows that 82 percent of businesses in the region are confident in their own organization’s outlook, a 12 percentage point increase over the previous year. Over 71 percent of businesses in the region plan to expand within the next five years.
“The results of the index reaffirm the incredible momentum and energy in the Hamilton community over the last few years”, says Keanin Loomis, CEO Hamilton Chamber of Commerce. “We hope to continue working with all levels of government over the next year to ensure we utilize effective policy and legislative tools necessary for the business community to realize their goals”.
“The Hamilton-Niagara region is home to some of Ontario’s most forward-thinking and able businesses,” said Allan O’Dette, President and CEO of the Ontario Chamber of Commerce. “It only makes sense that they would lead Ontario in confidence.”
The survey of businesses is featured in Emerging Stronger 2014, a business-driven economic agenda released by the Hamilton Chamber of Commerce and authored by the Ontario Chamber of Commerce, the Mowat Centre and Leger Marketing. The report identifies the immediate steps that government and the private sector must take to enhance Ontario’s economic competitiveness and spur job creation in the province.
“There are actions that government and business can do to boost our economy and business confidence,” adds O’Dette. “While confidence is up big time in the Hamilton-Niagara region, we’re still concerned about uncertainty in the overall business climate, including pending changes to the pension environment and energy costs.”
“There are a number of recommendations within the Emerging Stronger report that stuck out to me as incredibly relevant for the Hamilton regional economy” says Keanin Loomis, CEO Hamilton Chamber of Commerce. “Through a series of improvements to the regulatory environment, talent development and developing strategic cluster strategies as highlighted in report, the Ontario government can play a significant role in the future of Hamilton”.
Among the survey’s findings are:
● The Hamilton-Niagara Peninsula region is the most confident region in the province.
● 81 percent of businesses are confident in their own economic outlook, 7 percentage points above the provincial average.
● 72 percent of businesses in the region plan to expand in the next five years, a significant increase of 13 percentage points compared to the previous year.
● 47 percent of businesses in the region believe that Ontario’s economy is headed in the right direction, a slight drop from the previous year.
● 59 percent of the region’s businesses are confident in Ontario’s economy, 11 percentage points above the provincial average.
Read Emerging Stronger 2014: https://www.dropbox.com/s/ko8w93f5ba2r1z6/Emergingstronger14_Hamilton.pdf.
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Policy & Research Analyst
February 3, 2014 - Hamilton, ON – Today the Hamilton Chamber of Commerce released a report titled “Building a Life Sciences Cluster: A Case for Hamilton,” outlining how the city’s future prosperity depends on its ability to extract greater commercial development from its current strengths.
The report documents Hamilton’s broad strengths and assets in life sciences, and looks at other regions around the world that have become economic powerhouses by successfully creating industry clusters.
Chamber President and CEO, Keanin Loomis states that Hamilton already has all the necessary components for creating a strong life science cluster.
“Hamilton’s health service and research sector is now the city’s largest employer,” said Loomis. “The magnitude of health and life science research being conducted here has doubled in recent years, and is receiving global recognition and awards. We have built incredible health infrastructure that is attracting specialized knowledge and human capacity that is the envy of cities worldwide.”
By looking at the elements of successful clusters, the report highlights current challenges and barriers that Hamilton will need to overcome to maximize sustained economic development.
“While hard work remains, the areas that need our attention and further development are not at all insurmountable, cost-prohibitive, nor duplicative of past or current efforts,” added Loomis. “Therefore, we believe that success in creating a vibrant life sciences cluster in Hamilton is achievable, if key leaders remain committed to act.”
The report is a culmination of over a year of work spearheaded by the Hamilton Chamber of Commerce and with considerable effort and input from key industry stakeholders. All are committed to championing this initiative and are committed in 2014 to advance the report’s recommendations.
For the full report, please see attached or visit: www.dropbox.com/s/nubj7ged2kmxrqa/LifeScienceClusterReport2014Final.pdf
Media contact: Huzaifa Saeed, Policy & Research Analyst
| 905-522-1151 ext. 230, C: 905-220-3030
Please click here for a PDF of this report.
Celebrating excellence in Glanbrook, Ancaster and Dundas
Nominations are open for Citizen of the Year, Youth Volunteer of the Year and Business of the Year in the communities of Glanbrook, Ancaster and Dundas.
Citizen nominees must have performed the act for which they are being nominated in a voluntary capacity in the local community for which award they are being nominated, over and above those required of them in the performance of their regular professional duties.
Or, in the course of their professional activity, have brought outstanding/remarkable attention to the local community for which award they are being nomintated on a provincial, national or international basis.
Youth nominees must be 19 years of age or under as of December 31, 2013 and have performed their volunteer activity in the community for which award they are being nominated.
Business nominees must be in business in the community for which award they are being nominated. Businesses will be asked to fill out a questionnaire and will be judged on community involvement for the overall business or on a project/program basis.
The Glanbrook Community Awards will be presented on Saturday, March 1 at the Binbrook Fairgrounds. Please click here for details. Click here to download the nomination form.
The Ancaster Community Awards will be presented on Tuesday, April 8 at the Ancaster Mill
Please click here to download the nomination form.
The Dundas Community Awards will be presented on Friday, April 25 at Dundas Valley Golf & Curling. Please click here to download the nomination form.