6 Standout Industries in London, Ontario
The economy of London, and the greater province of Ontario, is perhaps the most diverse economic region in Canada. Ontario's location on the mineral-rich Canadian Shield has provided for a strong mining industry, and its abundant farmland drives a strong agricultural sector. At the same time, the region has a drive for innovation that makes it a tech powerhouse and leading healthcare destination.
On the whole, the province of Ontario generates 37% of the total GDP of Canada.** With more than one-third of the Canada's produced goods coming from Ontario, it makes sense that the employment opportunities are vast in this region. Here are five of the London's leading industries:
London's economy is heavily rooted in healthcare and other life sciences. There are more than 21,000 citizens employed in the private sector, hospitals, and research facilities in the area. London proudly hosts major healthcare firms such as The Canadian Surgical Technologies and Advanced Robotics Centre, Lawson Health Research Institute, and The London Regional Cancer Program. With such a large healthcare footprint in the area, colleges in London have responded to the need for employees with a variety of programs that prepare tomorrow's healthcare professionals and researchers for rewarding careers.***
Together with the field of healthcare, social services careers are growing rapidly throughout Ontario. The local and provincial governments are working to provide all citizens with the healthcare and social support needed to lift those living in poverty to better standing in the community. As a result, the number of openings in both fields is on the rise. As the municipal government in London and the provincial government of Ontario begin robust efforts to support people in need, an increasing number of educated individuals will be needed to fill these social services positions.
In total, employment in healthcare and social services in Ontario has risen from 615,400 in 2011 to 663,300 in 2015.****
London is fast becoming a hub for technology firms that focus on digital interactive media and application development. Information technology and digital media sectors have been strong performers in the economy throughout the recession, and that trend is expected to continue through the next decade. The area's digital and media arts industry develops a variety of interactive games, manufacturing software, financial services, and creative content. ***
Situated between Toronto and Detroit, London is in just the right spot to benefit surrounding businesses. Many Canadian and international businesses choose London as their home, due to the combination of good quality-of-life and relatively low costs for doing business. Plus, its proximity to the US border and NAFTA trade "superhighways," means the opportunities for international business abound.
Plus, at 11.3%, the business sector had one of the lowest unemployment rates of all employment sectors in 2012.***
5. Manufacturing and Agriculture
Modern, technology-driven sectors may be taking a leading role in driving the London economy, but the region still depends heavily upon tried-and-true economic sectors such as agriculture and manufacturing. In many ways, it is the evolving needs of these industries that are driving the growth of new-age industries. London's food processing industry employs more than 6,000 people, while its manufacturing base employs roughly 30,000 people.***
London is a city on the rise. Take the opportunity to become part of helping this promising city grow even further toward economic success. Start now by finding one of the trade schools and colleges in London, Ontario, and asking for more information!
Work in the skilled trades can provide some of the most reliable job prospects of all industries, thanks to the continual demand for tradespeople and anticipated shortages of these skilled professionals in the coming years. For example, according to Service Canada, the job outlook for refrigeration and air conditioning mechanics is considered good, with anticipated job openings due in part to a number of these professionals heading toward retirement. With these prospects, it makes sense why many people with plans for reliable careers are looking into HVAC training in Ontario.
Welding training is another avenue worth exploring if you're looking to join a steady industry. Service Canada projects that the number of welders should increase over the coming years, to meet an increasing demand for welding services. Plus, this versatile occupation can allow to work as a vital part of other trades industries, like construction and carpentry.
*Ontario Chamber of Commerce, website last accessed June 30, 2016.
**Government of Ontario, "About Ontario," website last accessedJune 30, 2016.
***London Economic Development Corporation, website last accessed June 30, 2016.
****Statistics Canada, "Employment, Healthcare, and Social Assistance," website last accessed June 30, 2016.
City of London, website last accessed June 30, 2016.
ReThink London, website last accessed June 30, 2016.
Service Canada, website last accessed June 30, 2016.