Emerging Trends in Hamilton’s Business Parks & Employment Lands
Hamilton is open for business. The City of Hamilton is home to nine business parks/districts that offer a wide variety of buildings for sale or lease and vacant parcels of land for future development opportunities.
Hamilton’s ongoing success in in developing these employment lands, including the latest surrounding the John C. Munro Hamilton International Airport – now referred to as the Airport Employment Growth District or AEGDis reflected in fact that the Real Estate Investment Network (REIN) of Canada repeatedly ranks Hamilton as one of the top locations in which to invest in Ontario.
“This will be our main employment growth area moving forward along with the Red Hill Business Park which is filling up,” says Guy Paparella, Director, Growth Planning, City of Hamilton. “We are targeting who we want to see in the AEGD, and making sure we move efficiently and effectively to create jobs and start creating more municipal assessment for the area.”
As part of that targeted effort, the City of Hamilton is currently updating information on all business parks and produced a new Economic Development Action Plan that will support the corporate Strategic Plan adopted by Hamilton City Council.
Within the Action Plan are a variety of priorities for each business park that includes capital improvements to road access, on-site infrastructure improvements, and working to prepare “shovel ready” sites – those with the necessary designation, zoning, permits, and servicing/utility infrastructure in place for development. As well, the Action Plan includes a call for a more robust overall Marketing Strategy for the promotion of these shovel ready employment land opportunities.
The Red Hill Business Park consists of approximately 628 ha of industrial zoned land, and is strategically located at the junction of the Lincoln M. Alexander Parkway and The Red Hill Valley Parkway- only minutes from the Queen Elizabeth Way and Highway 403. It provides a variety of opportunities including farm with retail/industrial uses, industrial, institutional, office, residential, utilities/ transportation, warehouse/storage, non developable, and vacant land.
The City has also streamlined services for investors to identify the ideal property for the ideal project, help businesses build, expand, develop, and start up faster and more efficiently, and find key business services all on the first floor of City Hall (71 Main Street West, 1st Floor). Aptly named, One-Stop Service, this section of City Hall is designed to assist investors understand timelines; applications required, costs, processes for starting or expanding a business, and locating additional resources and key contacts.
For more information and the latest updates visit www.investinhamilton.ca