Source: Canadian Business Patterns/Canadian Business Counts
The economic prosperity of a city is linked to both the economic prosperity of the businesses that locate and invest there. Cities need to foster an environment that encourages entrepreneurs to start small businesses, accommodate the growth and attraction of small and medium size businesses and to retain large companies. Information is collected and disseminated by Statistics Canada that provides a detailed breakdown of the number of businesses located in Hamilton, segmented by employment ranges, which provides a high-level annual overview that can allow year-over-year comparisons, and comparisons between different cities.
Story behind the numbers
Hamilton has seen consistent business growth in the total number of businesses over the past seven years, with over 1,600 new businesses added during this time.
It is encouraging to see the improvements are also represented in each individual business size category, demonstrating Hamilton’s ability to foster a start-up and scale-up environment that has seen new business entries and growth in the number of 100-199, 200-499, and 500+ employee companies.
The vast majority of jobs are through business expansion and retention efforts, so the Economic Development Office works to ensure that those already doing business here are consulted with on a regular basis to ensure that these business owners are receiving the proper amount of support from City Hall.
Number of Businesses by Size Category (# of Employees)
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