Strong Economic Fundamentals

Welcome

The City of Oshawa is charting a path of ambitious growth, anchored by thousands of new employment opportunities and welcoming many new companies to our community. Economic forecasts by the Conference Board of Canada project a very strong year ahead for the city at 4.7% GDP growth. Despite the pandemic’s impact, total building permits issued in 2021 are the second highest in Oshawa’s history at $564,582,600 with 11 new building records. Oshawa’s robust building activity and new construction records are a testament to the city’s economic resilience at an unprecedented time. Through Council, the Mayor’s Economic Recovery Task Force and Oshawa Loves Local campaign, we will continue to support and advocate for our business community. Companies across the GTA continue to discover the value that Oshawa provides—the proximity to major markets, world-class research facilities and a pipeline of talent spanning 25,000 post-secondary students. A community exceptionally positioned to live, work, learn and invest in. In addition to GM Canada’s hiring campaign of 1,800 in the fields of manufacturing, engineering and business, industrial tenants continue to fill Panattoni Development Company’s state-of-the-art facility. Major new employers such as Aosom Canada Inc. and GEODIS are hiring right now. In Oshawa’s north end, Northwood Business Park presents the City’s next prime employment development opportunity. Approximately 500 acres of developable land designated for employment and commercial uses will attract further investment in proximity to our post- secondary institutions, with approved servicing from Durham Region. With so many dynamic opportunities on the horizon, combined with a shift towards remote work, Oshawa residents have greater choice in choosing to work where they live, to spend more time with loved ones and to enjoy a lifestyle that has made our City one of the fastest growing communities in Canada. We look forward to shaping that future with you.

Hailey Wright Director, Economic Development Services City of Oshawa

Table of Contents

Strong Economic Fundamentals 2 Industrial Growth 4

Developments Built and Under Construction 10 Approved Developments 14 Proposed Developments 16 Company Growth 22 Innovations Driving the Future Economy 26

Strategic Investments 28 TeachingCity 30 Unique Assets 32 Continuous Investment in Talent 34

Downtown 36

Lifestyle 40 Filming 44

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Photos taken before the COVID-19 pandemic do not reflect the protocols now in place.

Strong Economic Fundamentals

As the largest municipality in Durham Region, and with strong links to the GTHA, Oshawa is well-placed to grow as a major regional metropolis. Oshawa’s economy continues to show resilience through diversity. The Conference Board of Canada projects manufacturing output in Oshawa will grow by 8.5% in 2022. Oshawa’s total G.D.P. is expected to grow 4.7% in 2022. Grounded by major new industrial tenants in the city’s south end, excellent job opportunities can be found throughout our community. With the announcement of Northwood Business Park, the city is setting its sights on the next wave of job creation and economic growth. Companies locating in Northwood Business Park will find direct access to a post-secondary talent pool of 25,000 College and University students and proximity to the Oshawa Executive Airport.

Oshawa’s dynamic and diverse economy is composed of:

Healthcare 18% Educational Services 11% Retail Trade 15% Manufacturing 6% Admin & Support 8% Public Administration 8% Accomodations & Food Services 8% Professional Services 3% Finance & Insurance 3% Information & Cultural 2% Other 18%

2022 2023 2024 2025 City of Oshawa Real G.D.P. Projections

Source: Conference Board of Canada 15,123 G.D.P. (millions) 15,385 15,610 15,929

Oshawa’s dynamic and diverse economy is composed of:

Healthcare 18% Accomodations & Food Services 8%

Educational Services 11% Retail Trade 15% Manufacturing 6% Admin & Support 8% Public Administration 8%

Professional Services 3% Finance & Insurance 3% Information & Cultural 2% Healthcare Other 18%Retail Trade Educational Services

Jobs by Employment Sector

Public Administration Accommodations & Food Services Administration & Support Manufacturing Professional Services 1,940

Finance & Insurance Information & Culture 960 1,850 3,500 5,164 5,014 4,992 6,624

11,090 9,326

Unemployment Oshawa 6.6% Toronto 6.8% Ontario 5.7 Canada 6.0% Source: Statistics Canada, 2021