Cornwall city hall
CORNWALL, Ontario - Cornwallâs economy continues to soar as new investment spurs on development across a variety of sectors.
A recap of the yearâs development activity was provided by Mark Boileau, Manager of Cornwall Economic Development, at the annual Team Cornwall Year in Review meeting. This year marked the 15th consecutive year that community and business leaders have gathered to review the report in person.
Mr. Boileau outlined over 150 individuals, businesses and organizations that have started or completed significant projects in 2013. These included major investments in the commercial, residential, institutional, and industrial sectors. It also included over 50 entrepreneurial start-ups.
âThe combination of activity across all sectors results in balanced economic growth that benefits both small, medium and large enterprises,â said Mr. Boileau. âIt is important to note that investment and development activity creates both short and long term employment opportunities for Cornwall residents.â
Well over 500 jobs were created in Cornwall in 2013, many with large companies such as Eleven Points Logistics, Atelka and Olymel hiring large groups of people. Employment growth was also evident in the retail and hospitality sectors with new businesses such as Scores, Urban Planet, FreshCo and NoFrills opening (amongst others).
During his presentation, Mr. Boileau announced two new developments that will have a positive impact on Cornwall in 2014. The Benson Group has acquired a new building, effectively doubling the size of their autoparts and tire distribution centre. Cornwallâs largest private sector employer, SCM, also announced the creation of a high volume distribution centre (HVDC) in its existing 1.4 million sq.ft. facility. Both announcements help to further Cornwallâs reputation as a leading hub for logistics and supply chain activity in Canada.
Local contractors were kept busy in 2013 as $33 million of new construction was recorded by the Cityâs Building Permit Office. Upward trends were noted in single family home construction and commercial/retail projects. The Heart of the City and Brownfields community improvement programs helped leverage new $50 million dollars in investment.
It is important to note that many of the largest development projects occurred in the institutional sector and are not reflected in municipal building permit figures. These large projects included ongoing redevelopment work at the Cornwall Community Hospital, the CBSA Port of Entry and the new Seaway International Bridge. The City of Cornwall itself completed $10.2 million in municipal infrastructure development in 2013, in addition to ongoing work on the $57 million upgrade to the Cityâs wastewater treatment facility.