Vaughan releases positive economic numbers
The past few years have seen a dramatic growth in Vaughan’s population, and along with this has come a corresponding increase in the number of businesses that call the city home. This was the topic of discussion at a recent council meeting.
The priorities and key initiatives meeting centered on the fact that as the population topped 300,000 people, the number of registered businesses has kept pace right alongside it. There were 10,230 different firms registered in 2013.
Along with this, statistics indicated that the number of employment positions in the city grew from 176,296 in 2012 to 186,019 in 2013. This represents an increase of 5.5 percent.
One of the reasons behind this jump may have been the recent mission to Israel, which saw involvement from city officials and member of the local academic and business community. This resulted in over $300 million in economic opportunities for the area.
These numbers are welcome news, as each new company requires the services of other firms that provide materials and support. One example of this spin off effect is how someone setting up a new venture will often require printed promotional materials, such as stationery and business cards. A print company can provide these and much more.
Vaughan’s mayor noted how these numbers indicate that people have great confidence in the city, as it is poised to meet the future as a place where companies want to do business. This healthy economic trend may mean a better quality of life for its residents.
The priorities and key initiatives meeting centered on the fact that as the population topped 300,000 people, the number of registered businesses has kept pace right alongside it. There were 10,230 different firms registered in 2013.
Along with this, statistics indicated that the number of employment positions in the city grew from 176,296 in 2012 to 186,019 in 2013. This represents an increase of 5.5 percent.
One of the reasons behind this jump may have been the recent mission to Israel, which saw involvement from city officials and member of the local academic and business community. This resulted in over $300 million in economic opportunities for the area.
These numbers are welcome news, as each new company requires the services of other firms that provide materials and support. One example of this spin off effect is how someone setting up a new venture will often require printed promotional materials, such as stationery and business cards. A print company can provide these and much more.
Vaughan’s mayor noted how these numbers indicate that people have great confidence in the city, as it is poised to meet the future as a place where companies want to do business. This healthy economic trend may mean a better quality of life for its residents.