Oakville remains one of Canada's best locations for investment
Wednesday, September 15, 2021
For the third year in a row, Site Selection Magazine, an international business publication covering corporate real estate and economic development, listed the Town of Oakville in the top 20 of Canada's Best Locations to invest.
The Canada’s Best Locations list highlights the top 20 locations for new investment, presented in alphabetical order. Oakville is celebrated as a top choice for site selection based on significant investment and facility expansions at existing companies as well as new company arrivals.
Between April 2020 and March 2021, Oakville welcomed BDO Canada, Samuel Son & Co., BMO Financial Group, and Kerr’s Candy to the town and saw facility expansions at Habasit Canada Ltd., Media Resources, Virox Technologies Inc., Zeton Inc. and Grundfos Canada Inc. These investments created approximately 1,000 jobs, supporting the town’s local economic recovery and future growth.
Most notably, Oakville applauded Ford Motor Company of Canada’s announcement in September 2020 to invest $1.8 billion to transform its Oakville Assembly Complex from an internal combustion site to also become a battery electric vehicle (BEV) manufacturing facility, starting in 2024.
“Oakville is living proof that livability attracts great businesses and drives economic development."
- Mayor Rob Burton.
“New investment continues to play a key role in bringing competitive edge and resiliency to the town’s economy. We encourage companies to learn more about what makes Oakville the community where companies want to locate.”
- Dorothy St. George, Director of Economic Development and Corporate Strategy.