City of Mississauga 2009 Economic Overview Mississauga Summit

City of Mississauga 2009 Economic Overview Mississauga Summit Post Secondary Education Task Force

What we do … Economic Development Office (EDO) – Business attraction & retention – Business analysis & information – Issue resolution/partnerships – Small business start-up, info and guidance [MBEC]

Mississauga Highlights • Canada’s 6 th largest city • 3 rd largest in Ontario • Population 730, 000 growing to 840, 000 • Debt-free. Approx. $546 million in reserves • AAA credit rating from S&P - 5 years in a row • “Canada’s safest city” for 8 th year in a row • Canada’s largest and busiest airport, Toronto Lester B. Pearson International Airport • Top 5 North American Large Cities for Best Foreign Direct Investment Strategy

Mississauga Business Community • Over 55, 000 businesses • Employing more than 453, 000 people • Net importer of labour • A broad and diverse range of industries • 1, 300 multinational companies

International Companies in Mississauga USA Germany United Kingdom Japan France Switzerland 804 98 82 76 41 36 Sweden 21 Italy China Denmark The Netherlands 21 13 14 16

Mississauga Businesses by Employment Distribution of Non-Retail Businesses by Employment Range of Employees Total % Non-Retail Businesses Total % Employees 1– 9 59. 0 8. 6 10 -19 16. 3 8. 1 20 - 49 12. 8 14. 3 50 - 99 5. 4 13. 8 100 - 299 3. 7 22. 2 300 - 499 0. 7 10. 2 500 - 999 0. 3 8. 2 1000+ 0. 2 14. 6 100. 0 Total Source: 2009 Mississauga Business Directory

47 Canadian-based top 500 Companies with Head Office in Mississauga

61 US Fortune 500 Companies with Canadian Head Office in Mississauga

50 Fortune Global 500 Companies with Canadian Head Office in Mississauga

28 Top 100 Canadian Innovation Leaders in Mississauga · BCE [Bell Canada] · Pratt & Whitney · AECL [Atomic Energy of Canada Ltd. ] · Bombardier · GSK [Glaxo. Smith. Kline · Research in Motion · Ericsson · Pfizer · Biovail · Astra. Zeneca · Novartis · CGI · Wyeth · Honeywell · MDS Pharma · Mitel Network · Cangene · Petro-Canada · Vasogen · Emergis · Psion Teklogix · Xerox · EXFO · CNC Electronics · ratiopharm · Azure Dynamics · Teck Cominco Metals · Xstrata Technology Source: RE$EARCH Infosource Inc. , 2007 - Mississauga Business Database

Target Growth Sectors Life Sciences Finance/ Insurance & RE Information & Communication Technologies Auto/Aero

Recent Announcements/Openings • • • Cyclone Manufacturing, 90, 000 sq. ft. expansion, 133 new jobs Takeda, Japanese Pharma. , Canadian H. O. 25, 000 sq. ft. Amgen, Bio-pharma, Canadian H. O. , 57, 700 sq. ft. , 170 employees Fronius Canada Ltd. , Canadian H. O. , 22, 000 sq. ft. Sheridan College, New Mississauga Campus University of Toronto Mississauga, 130, 000 sq. ft. expansion Voith Hydro, Expansion, new high-tech manufacturing facility Microbix Biosystems, H. O. and manufacturing Bank of Montreal, 250, 000 sq. ft. , 1, 600 employees Research in Motion, Software Development Centre, 270, 000 sq. ft. , Wind Mobile, Call Centre, 100 + employees

Billions Value of Building Permits 2005 - 2009 $ in billions *January- July 2009

City’s New Strategic Plan Our Vision for the Future Mississauga will inspire the world as a dynamic and beautiful global city for creativity and innovation, with vibrant, safe and connected communities; where we celebrate the rich diversity of our cultures, our historic villages, Lake Ontario and the Credit River valley. A place where people choose to be.

Strategic Pillars for Change

The Focus of Economic Development

Going forward … • Economic Development Strategic Review 2010