Fast Facts About the Region

Fast Facts

Population and Markets

  • South Central Ontario Region is comprised of five counties and 28 local municipalities
  • Brant, Bayham, Middlesex, Norfolk and Oxford Counties
  • Regional population of nearly 1 million people and representing rural population of over 490,000
  • 25% corporate tax rate for manufacturing (1)
  • Employer healthcare contributions 1/3 the cost of the U.S. average (1)
  • Home to North America’s 2nd largest financial hub (1)
  • Exchange on Canadian dollar contributes up to 25% added cost advantage
  • 234 km of Lake Erie Shoreline
  • Among the mildest climates in Canada

Resources and Education

  • The region is home to diverse primary crop production. The area has grown strong
    agriculture and food opportunities.
  • The area is also home to many types of advanced manufacturing.
  • We have a strong network of post-secondary institutions in our borders and nearby
  • 68% higher education attainment (2)

Communities and Living

  • About 80% of the population lives in urban centres with populations between 30,000
    and 300,000. The remaining 20% live in beautiful historic rural towns and villages.
  • About 65% of the adult population has some college or university education.
  • Transportation is well served by road networks with 3 major highways that move
    people and freight across the Province as well as into the US markets
  • The region is served by two trans-continental railway systems serving Canada with
    inter-connections to the US market
  • Ontario cities rank among the best places to live and work in North America (Toronto #16 and Ottawa #19) (3)

     

Want to learn more? Head over to our other website for business and investment information http://scorbusinessportal.com/

Sources:

  1. Ernst and Young, 2018 MEDJCT Commissioned Study (with updates from MEDJCT)
  2. Ministry of Economic Development, Job Creation and Trade (MEDJCT) calculations using data from Statistics Canada and OECD. Select Markets 2017 (ages 25-64). Ontario breakdown: University 33.3%, College/Apprenticeship 34.4%. Not all jurisdictions count apprenticeship as postsecondary education.

 

Posted on Monday, September 17th, 2018 and is filed under General SCOR Representing the Region.