Food & Beverage Industry Profile - Hamilton Economic Development

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HAMILTON FOOD AND BEVERAGE The food processing industry in Ontario is growing at a rate of between 4% and 5% annually, which can largely be based on the following advantages: a central geographic location and ideal hub with access to all North American markets a network of highways and railways that are fully integrated with U.S. networks product diversity unrivaled by most parts of the world a steady supply of well educated, skilled workers low business costs strong R&D infrastructure a pro-growth government In 2004, slightly more than a quarter of Ontario’s food-processing companies had sales in the $5 million to $50 million range with the larger operations having annual sales in excess of $100 million. Ontario boasts five food cluster areas with the largest being the Greater Toronto Area. Others include the Hamilton Niagara Region, Grand River Region, Southwest Ontario Region and the Eastern Ontario Region. The food processing industry in Ontario is growing at a rate of between 4% and 5% annually. 08 Oakrun Farm Bakery Ltd. has over 400 employees and produces over 20 different lines of quality baked goods.
FOOD AND BEVERAGE HAMILTON Hamilton’s Location ADVANTAGES Hamilton’s location at the western end of Ontario’s Golden Horseshoe provides businesses with easy access to a network of highways, international rail lines and the Port of Hamilton. The Queen Elizabeth Way provides ready access to both the Greater Toronto Area, a regional market of over 6 million people, and Highway 401. Highway 401 is the Canadian link to the NAFTA super highway connecting Ontario with the I-75 serving Michigan, Ohio, Kentucky, Tennessee, Georgia and Florida and the I-90 connections to the eastern seaboard. With the U.S. border only an hour’s drive away, Hamilton is within half a day’s drive of key major urban markets in the United States. Work is nearing completion on the Red Hill Valley Parkway, which will provide a link between the Queen Elizabeth Way, westbound Highway 403, and Canada’s fastest growing air cargo hub at John C. Munro Hamilton International Airport. One of the strengths driving the expansion of Hamilton’s food and beverage sector has been its strong agricultural base. The majority of the 227,000 acres within Hamilton’s boundaries are classed as prime agricultural lands. In 2003, the City of Hamilton contributed approximately 2.44% of the gross farm receipts generated in Ontario. This is significant considering that Hamilton only occupies 1% of Ontario’s land area. ROADS AND HIGHWAYS 09
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Food & Beverage Industry Profile - Hamilton Economic Development

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