Many of the world’s largest food processing companies have
operations in Ontario. Yearly food and beverage manufacturing sales
exceed $34 billion. A large part of these sales come from exports.
Did you know? In its forecast of the
international business environment through to 2014, The Economist
Intelligence Unit ranked Canada as the number one place in
the G7 to do business. Why? Reasons cited include Ontario’s
openness to foreign trade and capital, high-quality infrastructure
and opportunities to reach the North American marketplace.
Why base your food business here?
Moving products from farm to factory to market is easy in Ontario.
Food processors here can readily access:
- high quality ingredients
- primary and value-added processors
- importers of specialty ingredients
- innovative packaging
- a diverse retail network
- efficient transportation networks
- other related services and industries. These include, warehousing,
equipment and specialized storage.
Make Ontario’s advantage your advantage
- Ontario is strategically located in
the middle of North America. The North American free trade zone
is valued at $17+ trillion. This area is home to 450 million consumers.
That’s not all. The province is located within one day’s
drive of key markets within Canada and the United States. This
area makes up almost half of the total population of the two countries.
- Ontario has a highly efficient transportation network
and competitive trucking industry. There are 15 convenient land
border crossings to the United States.
- Ontario is business friendly. KPMG’s
2010 Competitive Alternatives study of international
business costs found that Canada’s business costs continue
to be competitive with most US locations.
- The province continues to lower its corporate tax rate. By 2012,
we will have the lowest corporate tax rate in the
G7. Ontario is also working to streamline regulations
to make it easier to do business here.
- The province offers a highly diverse workforce with
advanced skills. Ontario's employees speak more
than 140 languages, so we can work with your customers and suppliers
in their own language, anywhere in the world. A higher percentage
of our workforce has post-secondary education than any other G7
country.In manufacturing, the on-the-job average is 9.5 years,
compared to 5.5 in the United States. This translates into lower
transition and training costs.
Ontario is ready to welcome your food processing business. We continue
to create programs and initiatives to support your success.