Vaughan ranked one of Canada’s Best Locations for economic growth and investment

The City of Vaughan is being recognized for driving economic growth and attracting investment, earning a spot as one of Canada’s Best Locations by Site Selection Magazine – a leading publication on corporate real estate, direct investments and economic development.   

The magazine’s Canada’s Best Locations list is based on data that shows where companies are most frequently investing, how much capital is being invested and how many jobs are being created. This is the first time Vaughan has been given this recognition. 

Vaughan’s connection to major transportation systems fuels its economic growth by enhancing the movement of goods and people. With direct access to Canada’s largest Canadian Pacific Kansas City intermodal terminal, the Canadian National Railroad’s second largest classification railroad and the Toronto Transit Commission subway system, Vaughan offers international connectivity for businesses. This accessibility attracts investment and supports supply chain efficiency – both key drivers of a strong, growing economy. 

Vaughan is home to over 19,700 businesses, from small businesses, to medium enterprises, to large corporations, and the City’s Economic Development department is dedicated to creating a welcoming investment landscape for businesses of all sizes. 

Read the City’s 2024 Economic Data and Business Retention, Expansion and Attraction Highlights (PDF) for an overview of the Economic Development team’s recent achievements. For more information about Vaughan’s Economic Development department, visit vaughanbusiness.ca.

QUOTE

“Vaughan is proud to be a destination of choice for business investment — and this recognition as a Best Location by Site Selection Magazine reflects that. We are seeing growing interest from entrepreneurs and companies who recognize the strength of our local economy and the value of being part of a dynamic and diverse community. Our city is one of the fastest-growing in Ontario and the economic engine of York Region, home to more than 220,000 jobs and generating 35 per cent of the region’s employment. I want to thank the City of Vaughan’s Economic Development team for being instrumental in supporting this growth by creating opportunities for business development and community connection. As Mayor, I am committed to doing everything in my power to continue to support Vaughan businesses and safeguard our city’s economic future.” 

– Mayor Steven Del Duca

QUICK FACTS

• The City of Vaughan is being recognized for driving economic growth and attracting investment, earning a spot as one of Canada’s Best Locations by Site Selection Magazine.

• Site Selection Magazine’s Canada’s Best Location’s list is based on project data that shows where companies are most frequently investing, how much capital is being invested and how many jobs are created. 

• The 2024 Economic Data and Business Retention, Expansion and Attraction Highlights (PDF) provides an overview of the Economic Development team’s recent achievements. 

LEARN MORE

• Economic Development department’s website

• Economic Development department’s eNewsletter

• Economic Development LinkedIn

• Site Selection Magazine article