Professional and Business Services

Transcription

1 Professional and Business Services 1

2 Halton at a Glance Population: 501,669 Employment Land Supply: 5,601 ha (13,862 ac existing & designated lands) Labour Force: 310,906 Businesses: 38,109 Employment: 258,444 Average Household Income: $129,861 2

3 Education & Labour Force Halton Region residents are highly skilled & welleducated Over 150,000 adults had obtained some postsecondary education 38% of adults hold a university degree 70% of young professionals between the age of 25 and 34 hold a university or college degree Halton Region is among the fastest growing economic regions within the Greater Toronto Area (GTA) From 2001 to 2006, Halton s labour force increased by 18% in The Town of Milton witnessed an unprecedented 73% growth in its labour force

4 Fast Growth Region Construction Value ($000) 800, , , , , ,000 Total Construction Value Trends, Since 1989, the construction value of residential and nonresidential development in Halton 66% The Town of Milton has seen the fastest growth Construc on 446% fastest growing municipality in Canada. 200, , Year Strong mix of office development in Oakville, Burlington and logistics and industrial growth in Halton Hills and Milton Burlington Halton Hills Milton Oakville 4

5 Halton s Economy Economic Indicator Total Population ** 471, , ,045 Population Density (per sq km) Labour Force 296, , ,321 Unemployment Rate 6.5% 5.5% 6.1% Participation Rate 73.4% 76.1% 73.6% Employment Rate 68.7% 71.9% 69.2% Employment Insurance Beneficiaries 6,385 5,562 4,199 Number of Businesses* 36,587 37,164 38,253 Employment** 237, , ,932 Business Bankruptcies Total Construction Value $1,144,766,635 $1,387,502,513 $1,449,190,052 Industrial $53,826,750 $86,210,220 $43,627,285 Commercial $141,352,206 $134,380,619 $232,625,967 Institutional $225,339,300 $354,040,429 $163,289,746 Residential $684,212,021 $756,846,325 $960,023,203 Industrial Vacancy Rate 6.1% 8.0% 5.6% Office Vacancy Rate 10.5% 11.4% 13.6% Average Household Income $125,900 $122,400 $122,700 Occupied Dwelling Units 169, , ,232 Housing Sales 4,467 4,636 5,330 Average Housing Price $458,620 $517,857 $543,414 Average Days on the Market *Statistics Canada, Canadian Business Patterns. As of June. **Halton Region Best Planning Estimates, June 2011 (forecasted) 5

6 Halton s Businesses by Sector 6

7 Halton s Total Employment by Sector 7

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9 Professional and Business Services Defined Halton has an established professional and business services sector that is bolstered by the region s highly skilled labour force. Professional and business services are typically considered a highly knowledge based grouping of sectors engaged in the provision of skilled, technical services to clients and businesses. In this analysis the professional and business services sectors are considered to encompass the following subsectors: Professional Services Legal Services Accounting and Bookkeeping Architectural and Engineering Specialized Design Services Computer Systems Design Management, Scientific and Technical Consulting Scientific R&D Services Advertising Other Professional Services Business Support Services Office Administrative Services Facilities Support Employment Services Business Support Services Travel Arrangement and Reservation Building and Dwelling Services Other Support Services

10 Professional and Business Services Quick Facts Approximately 1,415 businesses operated in the Professional and Business Services sectors in Halton in 2012, employing over 14,100 workers* Professional and business services companies are dispersed throughout Halton with the following distribution Oakville (42%), Burlington (41%), Milton (11%), and Halton Hills (6%) 14% of professional and business services companies exported their products or services in 2012, and 16% invested in research and development (R&D) 45% of professional and business services companies in Halton are recent start ups, having established operations or relocated to Halton within the last five years *Referring to full time equivalent employees on site

11 Key Professional and Business Services Employers in Halton Top Professional Services Employers Municipality Industry AMEC Oakville Architectural / Engineering SNC Lavalin Oakville Architectural / Engineering HATCH Oakville Architectural / Engineering Evertz Microsystems Burlington Computer System Design Circles Burlington Advertising EMC2 Corporation of Canada Burlington Computer System Design ABB Inc. Burlington Architectural / Engineering Innomar Strategies Inc. Burlington Management, Scientific and Technical Consulting Services Deloitte & Touche LLP Burlington Accounting, Tax Preparation, Bookkeeping and Payroll Services Bunge Canada Oakville Office Administrative Services 11

12 Professional and Business Services Distribution 12

13 Spotlight: HATCH Hatch is a multidisciplinary professional services firm that delivers a comprehensive array of technical and strategic services, including consulting, information technology, engineering, process development, and project and construction management to the Mining, Metallurgical, Energy, and Infrastructure sectors. Hatch has served clients for over 80 years and has project experience in more than 150 countries around the world. With over 11,000 people in over 65 offices, including offices in Burlington and Oakville, the firm has more than $35 billion in projects currently under management. Hatch has been nationally recognized as one of Canada s 50 Best Employers of 2012, and as one of Canada s 50 Best Managed Companies. 13

14 Spotlight: Circles Circles, a subsidiary of the French conglomerate Sodexo Inc., is the leading provider of concierge and personal assistant services. Their engagement marketing solutions create deep, meaningful connections between companies and their customers and employees fostering acquisition, retention and life long loyalty for many of the world s bestknown brands. Circles Solutions Center, located in Burlington, employs a world class team that provides extraordinary customer service to customers with the goal of driving to drive high satisfaction and build brand loyalty. 14

15 For more information, please contact: Halton Region Economic Development Division Toll free Halton ( ) ecdev@halton.ca 15