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Q2 2015 Milton Economic Development

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Q2 2015 
Milton Economic Development
IN THIS ISSUE:
WE CAN HELP:
If you would like us to help you with relocating your business, or find out more about Milton's advantages, please contact the Economic Development Office at 905.878.7252 ext. 2107.
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Lowe's Continues to Grow in Milton

Just north of Highway 401 situated on a 79 acre site is a 1.3 million square foot distribution centre that will soon be the new home of Lowe’s Canada.  This state of the art distribution centre was formerly the regional distribution centre for Target Canada.  Target’s departure from Canada earlier this year made it possible for Lowe’s to meet their expansion needs within Milton.  Lowe’s has been part of the Milton community since coming to Canada in 2007 and their new distribution centre, located at 8450 Boston Church Road will provide Lowe’s with the space they need to support their growing business. 

Lowes current 625,000 square foot space located at 3333 James Snow Parkway North will now be available to a new company waiting to join the Milton community.
 

MEV Innovation Centre Update
Lunch and Learn Session

Every month the MEV Innovation Centre will be hosting an informal, and free, presentation on a topic of interest to the tenants, members and friends of the Centre. It is being held at the same time as the monthly Silicon Halton Day, where Silicon Halton members come to cowork as our guests for the day. It’s an open drop-in session, and all Milton entrepreneurs are also welcome to attend. You bring your lunch, we’ll bring dessert.

The September 11, 2015 kick-off session will focus on Cloud 3.0 the new Application Development Incubator and Testing Lab that is being established at the Centre. The objective of the incubator will be to support startups that already have a prototype of their digital media application in hand. The testing lab will allow developers to test their applications across a range of mobile equipment and other devices.

The Lunch and Learn Session is your opportunity to hear and discuss: What Cloud 3.0 is all about and how you can participate and benefit from the initiative.

Robert Maduri, President of Throwback Entertainment will be presenting. Cloud 3.0 is the brainchild of Throwback Entertainment, a successful video game development company. Recognizing that Halton region has quickly become a bastion of technological expertise, Throwback Entertainment has been engaging numerous partners to create a program to aid startup companies creating digital media applications. Our expectation is that the formation and growth of new companies will in turn further strengthen Milton's growing knowledge-based economy.

The MEV Innovation Centre is a collaborative space for technology intensive and professional services companies to grow and foster their ideas, products and services.

To learn more about the Lunch and Learn series or the MEV Innovation Centre, please visit MEVInnovationCentre.ca.

Change is in the Air!
 
The Milton This Way Up e-newsletter is getting a facelift!

Our subscribers can look forward to faster updates and a dynamic new look starting next issue.

New Business: Medline

The Town of Milton welcomes Medline as the newest company to call Milton home.

The leading supplier of medical, surgical and pharmaceutical supplies is settling into their 278,000 square feet space at 8690 Escarpment Way.

Medline's history dates back more than a century with experience servicing hospitals, surgical centres, nursing homes, physician offices, home health agencies and other health care markets. With the rapid growth of this sector, Medline has strengthened their focus on innovation having secured more than 160 patents globally.

In 2013, Medline had the honour of ringing the closing bell at the NASDAQ Stock Market in New York in celebration of wining the Chicago Innovation Award for their BioMask, the first ever FDA-cleared antiviral medical face mask that is shown to inactivate flu viruses.

To find out more about Medline, visit Medline.com.
 

Save the Date
for the
2015 Halton Real Estate Forum


Tuesday, October 27, 2015
Mattamy National Cycling Centre
2015 Pam Am Boulevard, Milton
7:30 – 10:30 a.m.

 

Watch the Halton Region website for more details.

That Pam Am Spirit
 

Milton recently wrapped up a successful run hosting the track cycling and individual time trial events for the Toronto 2015 Pan Am/Parapan Am Games.

 

Track cycling and time trial events took place between July 16th to 19th and on the 22nd. Team Canada won seven gold medals on Milton soil and 13 medals in total, which included three new Pan Am Games records. The Parapan Am Games, which took place August 7th to 15th were the largest ever held with 2600 athletes from 280 countries and territories completing. Canada’s Parapan Am athletes amassed 19 medals in events in Milton.

 

The velodrome received rave reviews from national and international media. In addition to cycling events, several local activities were enjoyed by the community. Over 400 community members attended a live stream of the opening ceremonies hosted at the Milton Centre for the Arts on July 10th and nearly 1,000 lined Louis St. Laurent Avenue near Bristol District Park to celebrate and cheer on international athletes during the Pan Am time trial events on July 22nd. Similar crowds came out to cheer on Parapan Am athletes at the time trial events  on August 13th. 

Congratulations Team Canada!

Monitoring the Local Economy

 Indicators Q2 2014 Q2 2015
 Total ICI Construction Value3 $206,809,853 $76,558,641
 Residential Construction Value1 $136,944,684 $73,413,268
 Industrial Construction Value3 $18,631,676 $56,272,191
 Commercial Institutional
 Construction Value3
$23,584,099 $20,286,450
 Average House Price2 $490,728 $563,589
 Housing Permits (Single
 Family Units)1
390 210
 New Industrial, Comm. and
 Inst. Space (sq.ft.)3
794,720 791,053
 Unemployment Rate
 (Toronto CMA)4
7.9% 6.9%
SOURCES:
1. Monthly Building Report, Town of Milton Planning Department, Month End June 2015.
2. Toronto Real Estate Board, Market Watch Report June 2014, June 2015.
3. Economic Development Office, Town of Milton.
4. Labour Force Characteristics, Seasonally Adjusted, by Census Metropolitan Area 3 Month Moving Average Toronto CMA. June 2014, June 2015.
Copyright © 2015 Town of Milton, All rights reserved.


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