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Stratford Shakespeare Festival: As the largest repertory theatre in North America, the Stratford Shakespeare Festival is a unique cultural asset for Perth County and a driver of tourism and retail investment. It is the anchor of a growing creative and cultural milieu in the region. There are also synergies between the Festival and the University of Waterloo’s Stratford
Institute in growing unique creative business.
University of Waterloo Stratford Institute: The introduction of a permanent campus in Stratford with a concentration in digital media is a boon to Perth County. The campus is a leader in education, research, innovation and commercialization in digital media-related study and enterprise, and has a significant impact on the region’s business, theatre and education communities. The presence of the Institute creates further employment in support sectors.
Diversity of Businesses: While Perth County’s employment is still heavily concentrated in manufacturing and other secondary industries, it is by no means a ‘one-horse’ county. There is growth in creative and cultural industries, driven by the theatre community, local festivals, and the introduction of the UW Stratford Institute. This is a key new economy supplement to the existing agricultural and manufacturing base, making the region’s economy stable and sustainable.
Low commuter out flow of labour: Many of the people who live in the region also work in the region despite being located close to the cities of London, Kitchener-Waterloo and Cambridge. As the online survey indicated, many local companies (71.0%) do not actively recruit outside the region to fill local positions. This finding suggests, many local labour needs can be met by the local residents.
Skilled Workforce: There is a high concentration of agricultural, manufacturing and trades skills and a high concentration of people with apprenticeship training or a college diploma. The community has demonstrated that they have invested in their skills and training.
Available industrial land and buildings: The region has a wide selection of available industrial lands and buildings in Perth County. These assets provide opportunities for local companies to expand their business operations and allows for businesses outside of the area to expand into the region.
Telecommunications Infrastructure: High-quality rural wireless and broadband availability is increasingly important for business processes, specifically for freelance professionals and small rural businesses. A wired and wireless connectivity infrastructure is available in both rural areas and urban centres, to support growth in the knowledge based economy. A fact that the region is as technologically advanced as many Canadian cities and serviced with a selection of local telecommunications service providers besides Bell and Rogers puts the area at a competitive advantage. The telecommunications capabilities of the area has been noticed by the site selection community. RBC is building a data centre in Stratford.
Inquiries for Agricultural, Industrial and Commercial Development, please contact:
Perth County Economic Development