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Competitive Advantages
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Find Competitive Success in Niagara Falls
Whether you’re just starting to explore North American markets or you’re already conducting global trade, we can help your business reach its full potential with confidence.
The City of Niagara Falls Business Development works to strengthen our economic position by providing continuous assistance to our community partners, existing businesses, startups; and domestic and foreign investors. As facilitators between industry sectors and various levels of Canadian government, we are here to equip and guide you through the process.
Niagara Falls is built on an economic foundation anchored by tourism, manufacturing, and knowledge key sectors. We are linked to the world by extensive road, rail, water, air, and telecommunications networks. Niagara is ‘the link’ between Canada’s largest metropolitan area, Toronto, and 55% of the U.S. population and 60% of Canada’s within one day’s drive.
Many dynamic companies – local, national, and multinational already proudly call Niagara Falls their home and capitalize on the countless benefits of this economic hub, including a tourism industry attracting 14 million people annually to shop, savour, and stay. These companies recognize its bright future, and their successes are proof that startups, investors, and businesses looking to set up shop and expand have come to the right place.
10 Key Competitive Advantages
Niagara Falls’ progressive economy exemplifies leverage and what matters most to your business.
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1
Strategic Location
Located in the heart of the most affluent consumer market in the world where there is opportunity and connections to multi-modal transportation/global shipping with four major highways, five international bridges, three railways, St. Lawrence Seaway and Canal System, several airports.
2
Foreign Trade Zone
Niagara is a recognized Canada’s Foreign Trade Zone. Canada has taken important steps in providing new trade advantages for investors. Canada’s world-class investment environment is underpinned by the lowest overall tax rate on new business investment in the G-7. Canada’s duty and tax relief can be enjoyed in Niagara Falls.
3
Access to Large Market Spending
Large market prospects with a population of 150 million neighboring the United States and the Greater Hamilton and Toronto Area spending over $100 billion and supporting jobs in Canada and US.
4
Industrial Marketplace Central
Niagara Falls provides quick access to 56% of the North American industrial marketplace.
5
Affordability & Incentives
Unique and affordable land and financial incentives.
6
Tourism Spending
14 million tourists from around the globe spending over $2 billion annually.
7
Competitive R&D
One of North America’s top 20 centres for competitive research and development.
8
Energy Source
One of the world’s greatest sources of clean, renewable electricity.
9
Fiber Optic Network
Ultra-reliable fibre-optic network providing high-performance data and voice solutions.
10
Highly Skilled Workforce
Highly skilled workforce drawing from a regional population of more than 490,000 and 1.85 million people living within commuting distance.
