Oakville continues to be among Canada’s best locations to invest

For the fifth year in a row, Oakville has been named one of the best locations to invest in Canada by Site Selection Magazine. The international business publication covering corporate real estate and economic development released its “Canada’s Best Locations” list, ranking the Town of Oakville among the top 20 regions to invest. 

Oakville continues to be celebrated as a top choice for site selection based on a healthy number of investments resulting in new company arrivals, facility expansions and improvements at existing companies, and new jobs created. 

Between April 2022 and March 2023, Oakville welcomed award-winning Candybox Marketing, Xediton Pharmaceuticals Inc., and Blyth Brewing and Distilling. Collins Aerospace, Canadian Hospital Specialties, PCL Construction Canada Inc., Spark Power, and Advantech Supply Chain Solutions expanded, renovated, or upgraded their facilities. Together, these investments added new jobs, supporting the local economy and driving economic growth in the community.

In April 2023, Ford Motor Company of Canada released details on its $1.8 billion investment in the Oakville Assembly Complex, outlining how it will retool and modernize into a high-volume hub for electric vehicle (EV) manufacturing in Canada. Ford has plans to make the transformation in the second quarter of 2024, and when complete will feature a 407,000 square-foot, on-site battery plant which will produce components for vehicles assembled on-site. 

Oakville’s Economic Development department continues to work with Mayor Rob Burton, Chair of the Ontario Auto Mayors, to support the auto industry and the transition to EV. 

Visit Site Selection Magazine’s – Canada’s Best Locations  to see the full results and more information about the rankings.  

For information on the town’s Economic Development office and key business resources, visit our Invest and Grow page.

Background

• In addition to this year, Oakville made Site Selection Magazine’s Canada’s Best Locations list in 2022, 2021, 2020, and 2019.
• Site Selection Magazine’s Canada’s Best Locations list highlights the top 20 regions for investment in alphabetical order and by province with the most representation.

Quotes

“Growing Oakville’s economy is part of the work we do to become Canada’s most livable town. It feels great to be recognized by this internationally known publication.”

– Mayor Rob Burton

“Oakville has so much to offer for those who are looking to start or grow their business. Our Economic Development team is here to help businesses realize their potential and success in our town. We provide services to new and existing companies and work closely with the local business community to support growth.”

– Rebekah Diec Stormes, Director of Economic Development 

“The huge commitment from Ford shows Oakville to be a vital piece of the tremendous electric vehicle industry surge bringing tens of billions of dollars in investment to Ontario. We also know how focused the Oakville team is on balancing ease of doing business with quality of life, both of which enhance the environment for economic development success.”

– Adam Bruns, Managing Editor of Site Selection Magazine