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Food & Beverage Industry Profile - Hamilton Economic Development

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HAMILTON<br />

FOOD AND BEVERAGE<br />

The food processing industry in Ontario is growing at a rate of between 4% and 5% annually,<br />

which can largely be based on the following advantages:<br />

<br />

<br />

<br />

<br />

<br />

<br />

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a central geographic location and ideal hub with access to all North American markets<br />

a network of highways and railways that are fully integrated with U.S. networks<br />

product diversity unrivaled by most parts of the world<br />

a steady supply of well educated, skilled workers<br />

low business costs<br />

strong R&D infrastructure<br />

a pro-growth government<br />

In 2004, slightly more than a quarter of Ontario’s food-processing companies had sales in<br />

the $5 million to $50 million range with the larger operations having annual sales in excess<br />

of $100 million.<br />

Ontario boasts five food cluster areas with the largest being the Greater Toronto Area. Others<br />

include the <strong>Hamilton</strong> Niagara Region, Grand River Region, Southwest Ontario Region and<br />

the Eastern Ontario Region.<br />

The food processing industry in Ontario is growing<br />

at a rate of between 4% and 5% annually.<br />

08<br />

Oakrun Farm Bakery Ltd. has over 400<br />

employees and produces over 20 different lines<br />

of quality baked goods.

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