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The City of Waterloo is one of Canada’s economic development success stories ...

We are a centre of growth and entrepreneurship that has succeeded in adapting to an ever-changing economy. 

Waterloo has a unique and diverse ecosystem like no other Canadian city. We are home to many major employers, global think tanks, the country’s leading finance and insurance companies, and world renowned post-secondary institutions.

There are significant job openings in Waterloo, and according to www.indeed.ca there are over 5,000 jobs posted within 25km of the city. There are currently over 1,000 postings in the over 800 tech companies that exist within the region. In 2012, 1,600 tech jobs were created within our Region.

It's no secret that we are known the world-over for our expertise in technology. So much is being accomplished right here in our backyard - from the invention of the BlackBerry to the largest independent provider of enterprise content management in the world, to the launch of over 1,000 startups since 2009 - we boast a wealth of talent at our fingertips and more startup activity than anywhere else in Canada.

Waterloo is home to prominent insurance and financial institutions employing over 6,000 people and our post-secondary institutions employ over 7,000 people.

As a region, 20% of our businesses are manufacturing-based making our community the second most manufacturing-intensive economy in Canada. This is demonstrated locally – during the last five years, Waterloo has experienced $500 million in new industrial construction and expansion across the city – with companies like Aeryon Labs, Kraus Carpets, Fischer Canada, Virtek, and Teledyne DALSA leading the way.

Our diverse economic base is the cornerstone of our success and we will capitalize upon that as we face the future head-on with new approaches and solutions to emerging challenges. 

 

 

 

 

David Johnston Research and Development ParkDavid Johnston Research + Technology Park, University of Waterloo

Innovation lives here

There are many successful stories of how we leverage innovation in Waterloo to support the business community as it grows and evolves. Here are just a handful of examples:

  • Accelerator Centre - This centre for the cultivation of technology entrepreneurship focuses on accelerating the growth and success of its client companies - fledgling startups from a variety of technology sectors.
  • Communitech's Entrepreneur Week - This innovation festival is dedicated to entrepreneurial spirit. It is an invigorating weeklong festival of events dedicated to celebrating the significant contributions of our entrepreneurs.
  • Creative Enterprise Initiative - This initiative is committed to ensuring Waterloo region's cultural creators have the best possible environment to practice their craft, and that they have access to the resources and services necessary for their ongoing success.
  • University of Waterloo's Conrad Business, Entrepreneurship and Technology Centre - This centre explores new ways of commercializing ideas to help entrepreneurs foster innovation, create new ventures and identify new markets.
  • Wilfrid Laurier University's Schlegel Centre for Entrepreneurship - This centre provides opportunities for students to gain real-world experience in the entrepreneurial community and facilitates the incubation of students' business ideas.

Other examples include Canadian Innovation Centre, Conestoga College's Centre for Entrepreneurship, LaunchPad $50K, Ontario Research and Innovation Optical Network, Ontario Technology Corridor, Toronto Region Research Alliance, Waterloo Region Entrepreneur Hall of Fame and Waterloo Tech Jobs.

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