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October Business News & Highlights 

Montrose Business Park Construction Nears Completion
 


City of Niagara Falls, prestige Industrial business park is located off Montrose Road Between QEW McLeod & Lyon’s Creek Road interchange.  Niagara’s Centennial Construction Limited won the bid for the Blackburn Parkway Road construction project and soon the project will be completed.  Joining already built Star Warning Systems in the business park are several business expansions and new businesses to Niagara Falls. There remain some available lots that the city is aiming for economic prestige manufacturing businesses to create and generate jobs for Niagara residents.  Currently, under construction is the new Blackburn Brewhouse and growing site expansion location for Cantex.  More business news of who is developing in the Montrose Business Park will be coming in 2020. 

www.niagarafallsbusiness.ca

 
 Work Underway on New Niagara Falls Canadian Tire Store

Demolition has begun on Niagara Falls’ old Target store to create a Canadian Tire Store on Morrison Street which will become home to one of the largest Canadian Tire locations in the Province.  CT REIT, which owns a Canada-wide portfolio of assets leased primarily to Canadian Tire Corp., purchased the 20,250-square-metre property at the corner of Morrison Street and Dorchester Road from RioCan REIT late last year. The existing building on Morrison Street is being retrofitted and renovated to accommodate a Canadian Tire store, which will replace the two existing Canadian Tire locations in Niagara Falls. The store is expected to open next spring and employ about 100 people with construction currently on schedule.
 
www.canadiantire.ca 

Niagara Energy Products Expands
Niagara Energy Products (NEP) is a heavy manufacturer serving the nuclear markets, oil and gas, and general heavy fabrication. NEP’s largest clients are the nuclear power plant operators across Canada. Over the last two decades, clients have come to trust Niagara Energy Products as a premier manufacturer of nuclear waste containers and engineering them to the highest standard.

The dedicated team of employees at Niagara Energy Products consists of trained engineers, experienced quality assurance and control staff, qualified welders, and dedicated project managers. NEP is a turn-key solutions provider; designing solutions that meets customer needs, manage the entire procurement process on your behalf, execute the fabrication against detailed plans, and commission the work prior to it being shipped. Their experienced team will ensure that all clients are completely satisfied with their products.  

Starting in mid-2019, NEP decided to invest in a new double column, horizontal boring machine. This machine will include the latest machining technologies, greatly improving efficiency and machining capacity. To house this new machine, a new bay (approximately 70’ X 190’) is being built on the south-west corner of the property. This new bay will house the new boring mill, its support systems, and a part lay down area. An added benefit of building this new bay is that it will allow NEP to use space inside its current facility that had been reserved for this machining equipment, for the purposes of expanding welding, painting, and assembly capacities.


 http://www.niagaraenergyproducts.com
Costco Development Begins at Niagara Square as part of the Critical Redevelopment Plans in 2019

Bayfield Realty announced that Costco is coming to Niagara Falls.  The new 150,000 sq. ft. Costco store, including a gas bar, will be part of the multi-million investment by Bayfield in the redevelopment of Niagara Square shopping mall. Timing was right with the new Niagara South Hospital moving forward, Go Train services and the tremendous residential growth happening in Niagara Falls.  Construction of the new Costco store is expected to begin spring 2020 with an opening date in Fall 2020. 


https://www.costco.ca/
Canada's Trade Accelerator Program Comes to Niagara
Canada’s Trade Accelerator Program (TAP) is coming to the Niagara region for the first time on November 18th & 19th and we want to personally invite your business to attend an upcoming free information session.
 
When it comes to trade, just 7% of Canadian small and medium sized businesses are exporting goods. This is a fraction of the 20%+ of exporting SMEs in other G7 countries.
 
Here’s what you need to know about the TAP graduate results:
  • 3 years after graduation, companies experience a 180% average increase in total revenue, and a 280% average increase in export revenue
  • 86% of graduate companies have successfully entered a new market since completing the program
  • 37% of graduate companies have applied for additional financing, with an average of $1.8 million in additional financing received per company
  • 90% declared their companies better prepared to do business internationally 
Details:
Date: November 5, 2019
Time: 4:00 pm - 5:00 pm
Venue: Niagara Industrial Association
34 Scott Street West, St. Catharines ON
 
 
To register for this FREE information session, please visit
eventbrite.com/canada-trade-accelerator-program
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Copyright © 2019 Corporation of the City of Niagara Falls, All rights reserved.


Our mailing address is:
City of Niagara Falls
Business Development Department
4310 Queen Street
P.O. Box 1023
Niagara Falls, Ontario
L2E 6X5

Contacts:
Serge Felicetti - sfelicetti@niagarafalls.ca 905.356.7521 Ext. 5102
Wendy Canavan - wcanavan@niagarafalls.ca 905.356.7521 Ext. 5002
Angela Davidson - adavidson@niagarafalls.ca 905.356.7521 Ext. 5001

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