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Economic Statistics you Need to Know
from Markham Voice - Winter 2020 - A LEGACY of Entrepreneurship in Markham Van Velzen Family
by markhamboard
ECONOMIC STATISTICS
2019 Tax Rates (%) COMMERCIAL INDUSTRIAL Toronto 22.8% 2.33% Mississauga 1.94% 2.16% Vaughan 1.62% 1.87% Markham 1.57% 1.81%
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Mother Tongue Breakdown (2016 Census) English 36.4% Chinese 38.7% South Asian 11.1% All Other 13.8%
All values are in Canadian Dollars. Source: Colliers International
IT. TOOK IT TO THE STUDS ON DEMO DAY?
For only $125 you can drop 2,200 pounds (1 tonne) of construction materials and garbage at the Community Environmental Centre. We accept almost everything including:
Concrete* Drywall* Electronic Waste* Garbage* Polystyrene Foam Recyclables Refrigerated Appliances* Scrap Metal Shredded Paper Tires* Wood*
*Fees and/or limits may apply.
Small businesses and residents pay the same fees.
SCRAP YOUR WASTE AT Elgin Mills Community Environmental Centre 1124 Elgin Mills Road East City of Richmond Hill
york.ca/wastedepots
Congratulations Markham Business Excellence Award Recipients
High Quality and Service NLI SOLUTIONS NLI Solutions founded in 2003 as a loyalty supply company, recently entered the retail fulfillment market. This past year they were awarded the Air Miles Loyalty contract. Food Service & Hospitality THE UNIONVILLE ARMS A pub, a dining establishment, a place where everybody knows your name, celebrating it’s 30th year on main street, The Unionville Arms redefines the term “local watering hole”!
Global Business Excellence LEA GROUP If you ride a bus in Markham, stroll through Yonge Dundas Square, take a highway in Nairobi, a bridge in Kolkata, then you’ve experienced one of LEA Consulting’s hundreds of global projects.
The Donald Cousens Conservation & Environmental Leadership Award CROWN PROPERTY MANAGEMENT INC. Widely recognized for their leadership in sustainability, Crown Property Management raises the bar in three key areas - human, economic and environmental impacts.
Business Employer of Excellence ASTELLAS PHARMA CANADA INC. A multinational pharmaceutical company, Markham based Astellas Canada, promotes work/life balance through flexible scheduling; training and career development; a wellness program; and volunteerism. With a focus on supporting the community, employees are given 5 paid days per year to participate in the Changing Tomorrow Today campaign.
Business advisors with over 20 years of experience servicing various industries and providing personal services in: Accounting & Auditing • Business Plans & Start-Ups • Estate & Financial Planning Taxation – Personal & Corporate
Jack Eigenmacht B.Comm, CPA, CA, LPA, CFP 905.305.9722 x 228
E: jack@eigenmachtcrackower.com www.eigenmachtcrackower.com 345 Renfrew Drive • Suite 202 Markham, Ontario L3R 9S9
Entrepreneurship MARA TECHNOLOGIES INC. Part of the Invotek Group of Companies, Mara Technologies provides electronics manufacturing services and solutions for a broad range of global clients.
Community Relations and Cultural Enrichment SOFINA FOODS INC AND THE SOFINA FOUNDATION It started with a simple goal, and a humble dream – make a difference in the lives of children and families in need. The Sofina Foundation is making a difference by making lives better!
Women Led Business SE Health Today, under the leadership of President and CEO Shirlee M. Sharkey, SE Health has grown into one the largest not-for-profit health care organizations in Canada, delivering over 21,000 care exchanges daily by a team of 9,000.
Innovation NOVO PLASTICS INC. Novo Plastics founded in 2006 is a manufacturer of engineered plastic products supplying food and automotive sectors.
Backup and Disaster Recovery Cloud Services Project Consultation IT Support Services
TeamLogic IT of Markham 888.245.7063 www.teamlogicit.com/markhamON
TROES CORP. Wins Investors Pitching Competition
TROES is an acronym for “The Revolution of Energy Storage,” and they expect that their technology and market development will be the testimony for the revolution of Energy Storage.
The company was founded by Vienna Zhou, a technology and investment consultant. Zhou created the firm V Tech specializing in the Cleantech and Renewable Energy industry. By collecting a wide scope of clients, including renewable project developers, project investors and end users such as government offices, the company accumulated rich technology insights as well as ecosystem resources during its years of operation. After a comprehensive study of industrial trends and market needs, the timing was right and the VTech entered the Energy Storage industry through the creation of TROES.
TROES has gone on to develop, design and manufacture safe, long-lasting, cloud-based BESS’s focusing on the Commercial, Industrial and Micro-Grid market segments. Although everyone is familiar with the concept and usage of the “Battery”, the majority of the applications and benefits of the large-sized BESS’s are still unknown; and there are many! Some examples of major benefits are: bill reduction (Peak shaving), comfortability and resiliency (self-supply and power backup), electricity cost reduction (Community MicroGrid), decrease of capital expenditure and reduction of utility infrastructure upgrade cost (Non-Wires Alternative), power grid congestion alleviation, peak shifting, voltage adjustment and power quality (Electricity Quality Management). It all sounds complicated but results on a lot of cost
reduction and better management of energy.
With so many applications, TROES’ BESS’s contribute highly to the global and national energy saving initiatives and are environmentally friendly (Cleantech), being in full alignment with governmental policies and incentives.
The global demand for more electricity nowadays includes the increasing interest in electric vehicles and the need for investment in electricity generation along with the expansion of the transmission and distribution networks. All this, plus the rise of renewables and the global trends for Cleaner Energy as well as relevant government policies and incentives are some of the catalysts to the Energy Storage market growth. Demand for storage will remain
strong for the next 5-10 years and beyond. According to Bloomberg NEF, the global additions to the BESS capacity from 2018 to 2050 will be 1,291GW, which is just part of the future electricity needs. In value, the global market is estimated to grow annually by 21% through 2025 - from USD 5 billion to 19 billion. TROES believes they are in the right industry, at the right time; an early-stage company with high growth potential. While still a start up their technology, customizable solutions and marketing positioning have received very strong response from the market and are scaling up very fast. The company has already deployed systems in Ontario and across Canada, with potential projects in the US, Mexico, Europe, China, SE Asia and Australia.
Apart from the surge in business their potential for growth was recognized by winning the “Made in York Region” investors pitching competition last November. TROES competed with 40 participating companies and was awarded the 1st prize of $10,000. This symbolic prize serves as a recognition for TROES’ business model, current progress and future potential.
“It was also a great honour and recognition for us to welcome The Honourable Frank Scarpitti, Mayor of the City of Markham last November at our offices” says Vienna.
TROES was also selected as one of the “5 supported companies by ventureLAB (the region’s innovation hub) to Watch in 2020”. They are hosted at ventureLAB’s incubator space, in the IBM building, where they are constantly surrounded by innovative, next generationthinking, tech companies, which create an unbelievably inspiring and supportive environment for vision and growth.
“We are very proud to be part of Markham’s Tech Community and very grateful for everyone’s support” says Zhou. “We look forward to contributing further to Markham’s development and sharing more “Made in Markham” success stories”.
For more information about TROES Corp., visit their new website at: troescorp.com and follow them on LinkedIn at: www.linkedin.com/company/troescorp/
There’s a hero in all of us
Some are hands-on. Others donate.
Thank your Markham Stouffville Hospital hero. Your donation of gratitude will help purchase life-saving equipment to support exceptional patient care close to home.
Give and save lives. Donate today! mshf.on.ca • 905-472-7059
@MSHospital
