Guelph Awarded $35,000 to Attract Foreign Direct Investment
04 Jun, 2018
The City of Guelph in Ontario has been awarded $35,000 in funding from Global Affairs Canada as part of their Invest Canada – Community Initiatives program (ICCI). The funding will be used by the City to promote the Building Partnerships initiative to both Canadian and foreign investors.
“This Global Affairs Canada funding is great news for Guelph. It will help put Guelph on the map as a destination for investment, and ultimately attract jobs and businesses to our city,” said Mayor Cam Guthrie, City of Guelph.
Building Partnerships is a City of Guelph initiative aimed at helping businesses and builders “get to yes” as they navigate the process of moving a business to Guelph and applying for planning and development approvals. Years of foreign direct investment research helped to shape the Building Partnerships initiative, and will support Guelph in competing on a global scale.
“Guelph is an excellent location for foreign direct investment activities in the sectors targeted by the ICCI program: advanced manufacturing, agri-food, chemicals and plastics, information and communications, life sciences, services, and clean technology. Having existing strengths in business, research, education and Guelph’s strategic location to key Canadian markets provides an excellent opportunity for businesses looking to locate to Canada. The $35,000 ICCI investment by the Canadian government should provide multiple returns to the local and Canadian economy,” said Lloyd Longfield, Member of Parliament for Guelph.
Guelph is a recognized destination for foreign direct investment. Last year the City was recognized as a top 10 foreign direct investment American city of the future in three categories:
- Tenth in small cities overall
- Third in best human capital and lifestyle, small cities
- Eighth in best business friendliness, small cities
Several international companies have chosen Guelph for their corporate headquarters including Würth Canada, Linamar Corporation and RWDI.
Creating a supportive environment for foreign direct investment is part of Guelph’s economic development strategy Prosperity 2020, and is also part of the foreign direct investment attraction and retention strategy and action plan for Guelph.
Invest in Guelph represents the business development outcomes identified in the City of Guelph’s economic development strategy Prosperity 2020. Invest in Guelph aims to position and promote Guelph as an ideal place to do business.