economic development strategy and action plan 2009 ... - City of Barrie
economic development strategy and action plan 2009 ... - City of Barrie
economic development strategy and action plan 2009 ... - City of Barrie
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• <strong>Barrie</strong>’s labour force grew by 27.3% between 2001<br />
<strong>and</strong> 2006 with the highest proportion <strong>of</strong> its workforce<br />
employed in manufacturing, followed by retail, health<br />
care <strong>and</strong> social assistance, <strong>and</strong> construction sectors.<br />
• Labour force is primarily employed in sales <strong>and</strong><br />
service occupations (28%); trades, transport <strong>and</strong><br />
equipment operators (17%); <strong>and</strong> business, finance<br />
<strong>and</strong> administration (16%). Though there has been<br />
substantial growth in occupations in social sciences,<br />
education, government services <strong>and</strong> religion; trades,<br />
transport + equipment operators; health; sales +<br />
service; <strong>and</strong> business + finance.<br />
• Educational attainment is high for those with a college<br />
diploma (23.6%) but low for those with university degrees (13.1%). Major fields <strong>of</strong> study include:<br />
business, management <strong>and</strong> public administration; architecture, engineering, <strong>and</strong> related<br />
technologies; health, parks, recreation <strong>and</strong> fitness.<br />
• 60% <strong>of</strong> <strong>Barrie</strong>’s labour force work in <strong>Barrie</strong>. Of note, 8% commute to Toronto. The remaining<br />
commuting force stay within Simcoe County <strong>and</strong>/or York Region. Industries with particularly high<br />
out commuting include: manufacturing, public administration, <strong>and</strong> transportation <strong>and</strong><br />
warehousing.<br />
• Much <strong>of</strong> the city’s recent employment growth has been fuelled by the growth in dem<strong>and</strong> for<br />
services attributed to the strong rate <strong>of</strong> population growth in the city <strong>and</strong> surrounding region as<br />
well as the GTA (e.g. construction, health care, retail trade, public administration).<br />
Business Sectors/Growth<br />
• An analysis <strong>of</strong> <strong>Barrie</strong>’s business <strong>and</strong> industry specialization reveals that the city has a<br />
concentration <strong>of</strong> labour in: construction (LQ 1.26); retail trade (LQ 1.22); public administration (LQ<br />
1.15); transportation <strong>and</strong> warehousing (LQ 1.13); <strong>and</strong> accommodation + food services.<br />
• The number <strong>of</strong> businesses has increased 55.6% between 1998<br />
<strong>and</strong> <strong>2009</strong>, with growth in: retail trade; health care <strong>and</strong> social<br />
assistance; pr<strong>of</strong>essional, scientific <strong>and</strong> technical services;<br />
construction; <strong>and</strong> other services (personal <strong>and</strong> business<br />
services). Manufacturing only comprised 8.2% <strong>of</strong> all<br />
businesses.<br />
• Businesses employing less than 5 people account for 72.8% <strong>of</strong><br />
all businesses <strong>and</strong> were responsible for over 80% <strong>of</strong> all<br />
business growth between 1998 <strong>and</strong> <strong>2009</strong>.<br />
SMEs: 72.8% <strong>of</strong> <strong>Barrie</strong><br />
businesses employ less than<br />
5 people <strong>and</strong> account for<br />
80% <strong>of</strong> business growth<br />
• The knowledge-based economy or creative class are the major source <strong>of</strong> wealth creation <strong>and</strong><br />
<strong>economic</strong> growth, but <strong>Barrie</strong> (with 30.1% <strong>of</strong> these occupations) lags behind Ontario <strong>and</strong> other<br />
comparator communities.<br />
<strong>City</strong> <strong>of</strong> <strong>Barrie</strong> Economic Development Strategy 7 | P age