Competitive analysis study highlights economic strengths
Port Colborne has completed in-depth research on its economy. Competitive Analysis of Industries in the City of Port Colborne identifies opportunities to maximize Port Colborne’s potential for the retention of existing businesses, expansion of established firms, stimulation of entrepreneurial activity and the attraction of new investment opportunities.
The competitive analysis process involved accessing relevant information from secondary sources and supplementing this data with information obtained directly through consultations with industry representative and community leaders.
The report identifies Port Colborne’s unique advantage in the manufacturing sector, highlighting the employment growth manufacturing has experienced here in recent years compared to a decline on the provincial and national level.
Employment in health care and social assistance is also identified as an integral component of Port Colborne’s economy. These two sectors will continue to play important roles in Port Colborne in the future, and should be a source for new employment growth.
The report and analysis will serve as a basis for ongoing business attraction and retention activities.
The Competitive Analysis of Industries is available: Competitive Analysis Report
