When you’re thinking about the personality of a city one of the first things that you’re likely going to look at is its economy and top industries.  This will tell you the sort of resources that they have, something about their location, and the type of people who live there.  Vaughan is one of the towns that surrounds the mega metropolis of Toronto and one would think that it would be like a little sibling always living in the big brother’s shadow.  But the truth is that, while Vaughan might be smaller than its neighbour to the south, it is one of the leading economies in the entire country.

There are currently more than nine thousand companies existing throughout Vaughan and this number seems to be steadily rising with each new year.  Major companies like Royal Group Technologies Limited and Global Contract have their headquarters within the city limits and there are thousands of smaller business that are operating with a staff of less than ten people.  Company owners and entrepreneurs from all different sectors are seeing the potential of Vaughan to be one of the great economic centers in the country.

Vaughan has received many accolades over the years when it comes to its business climate and economy.  This city of 264,000 people is said to have the second healthiest economy in the country and has been named by Canadian Business Magazine as being one of the best places to do business.  This city is committed to being pro-business and has lots of industrial land available at relatively low prices and many discounts in place when it comes to commercial taxes.  This is one of the reasons that more than ninety percent of the businesses in the city are small to mid-sized firms.

When looking at the list of the city’s top employers, one can see just how diverse this city is when it comes to working in different industries.  Manufacturing is the leading sector, accounting for about 1300 companies and 45,000 jobs, and they are followed by the retail trade and personal services industries.  Also on the list of industries with more than five hundred establishments throughout Vaughan are wholesale trade, construction, professional and technical services, hospitality, and healthcare.  One can see just from this list that there are all sorts of opportunities for those looking to work or do business in Vaughan.

While manufacturing and retail trade might be the stars of the show right now when it comes to industries in the city, there are a few other sectors that are gaining ground as Vaughan grows in population.  Transportation and logistics has increased significantly in numbers over the last five years and there is an increasing number of innovation technology firms relocating their operations to the area.  We want to keep you informed about everything that is going on with companies and industries throughout the city, whether it’s something that’s already happening or something that’s on the horizon.  Come back often and you are sure to find frequent updates on the inner workings of the economy of Vaughan.