Campaign to diversify the local economy

0

Content of the article

Seeking to further diversify the local economy, Invest WindsorEssex launched a campaign this week to attract investment from small and medium-sized tech companies in Michigan, Ohio, Illinois and Indiana.

Advertisement 2

Content of the article

The three-month campaign, titled Windsor-Essex: A Bridge to Your Future, will use video, social media, billboards, display ads and search marketing tactics to direct businesses to the website. the futureisus.ca where visitors will see a profile of the region’s strengths and gain information on how to continue expansion.

“This is a friendly campaign, not one where we are aggressively trying to get businesses to move,” said Stephen MacKenzie, CEO of Invest WindsorEssex.

“It is aimed more at companies interested in expanding or getting involved in whatever is happening in our region.

MacKenzie said the states were selected because of their proximity, growth in the technology sector, shared economic interests and a history of companies from those regions already investing in Windsor-Essex.

Advertisement 3

Content of the article

In addition, the campaign will highlight the advantages that American companies have in recruiting talent to Canada.

MacKenzie said the region has the advantage of two local post-secondary institutions, a location at the start of Southern Ontario’s tech corridor that extends to the GTA, easier access for international students and friendlier immigration policies.

The campaign will not be strictly focused on automobility, but also aims to attract investment in other sectors such as finance, medicine and information technology.

Shelley Fellows, Vice President of Communications, AIS Technology (and Vice President of Radix, attends the Emerging Technologies in Automation Conference and Trade Show at Caesars Windsor.
Shelley Fellows, Vice President of Communications, AIS Technology (and Vice President of Radix, attends the Emerging Technologies in Automation Conference and Trade Show at Caesars Windsor. Photo by Dan Janisse /Windsor Star

“It builds on the work that’s been done by WEtech Alliance, First Robotics and local things like Windsor Hackforge that laid the groundwork,” said Automate Canada President Shelley Fellows.

Advertisement 4

Content of the article

“We have a technology ecosystem and automation. We excel at manufacturing that uses it.

“Long term, this (campaign) is part of how you change and build an economic cluster.”

Fellows added that the timing was particularly fortuitous, with LG Energy Solutions and Stellantis investing multi-billion dollars in a battery plant, retooling the Windsor assembly plant to produce electric vehicles and the automaker also making the city the center of its electric vehicle research and development for North America. .

Local officials need only look to Detroit to find a target-rich environment for companies looking to expand.

Last week, Startup Genome ranked Detroit as the best emerging ecosystem in the world in its 2022 Global Startup Ecosystem Report. It also far exceeds emerging ecosystems with a value of US$90.6 billion.

Advertisement 5

Content of the article

Startup Genome is a leading policy and research consultancy operating on six continents and in more than 45 countries.

Since 2018, Michigan has seen five startups earn unicorn status worth $1 billion or more. It is also the fastest growing state in venture capital funding, which fellows said the local region is still lacking.

“What Invest WindsorEssex is doing is very smart right now to market the area,” Fellow said. “Success stories attract investment, employees and programs.

“They can say that two large multinationals could have chosen anywhere in North America to manufacture their electric vehicles and their batteries, but they preferred Windsor to all the others. It carries some credibility.

Advertising 6

Content of the article

Harbor Technologies Windsor co-owner Andrew Glover also praised the campaign.

He noted that his own company had been visited by US state senators who were presenting the same ideas backwards.

“Diversifying our market is key to smoothing out the impacts of recessions and having more consistent revenue streams,” said Glover, whose business has grown from being strictly automotive to nuclear, aerospace, heavy construction and medical.

“High tech, like in advanced manufacturing, requires things like software development. More of these types of entrepreneurial businesses would be a real benefit to our region.

Glover said growing the tech sector would bring more well-paying jobs, a better-educated workforce and attract investment. He added that it would also lead St. Clair College and the University of Windsor to invest and develop new programs to meet talent demands that would benefit the entire sector.

Advertising 7

Content of the article

“There’s also a cascading effect,” Glover said of the entrepreneurial ecosystem that would develop.

“Someone will do something better or something that has never been done here that will require new tools, molds or new businesses to be created.”

Glover said opportunities in the local tech sector are significant as companies increasingly look to automation and robotics to help them relocate production to North America.

“Global supply chains are broken and we’re seeing a lot of business related to relocation,” Glover said.

  1. Premier Doug Ford, front, second from left, and Windsor Mayor Drew Dilkens pose for photos with Valiant TMS employees in Windsor on Friday, May 13, 2022.

    Local power supply not an issue, says CEO of Invest WindsorEssex

  2. Jonathan Azzopardi, president of Laval, on the left, gives a tour of the workshop to MP Mélanie Joly, Minister of Economic Development, before a funding announcement, Wednesday, February 12, 2020.

    Minister bolsters Windsor’s bid to transform into high-tech automotive mobility hub

  3. Invest WindsorEssex's main office is located at the corner of Chatham St. W. and Ferry St. in downtown Windsor.  Provided

    Invest WindsorEssex supports business development at all stages

He also agreed with Invest WindsorEssex’s sales pitch that businesses can attract talent from outside Windsor, particularly after the many recent major investment announcements.

With Startup Genome ranking Toronto-Waterloo 17th in the world among established ecosystems and home to the highest concentration of AI startups in the world, there’s certainly plenty of talent nearby.

“We’re seeing a lot more resumes from the Toronto area and even from London than before,” Glover said. “People are really interested in coming here.”

Dwaddell@postmedia.com

Twitter.com/winstatwaddell

comments

Postmedia is committed to maintaining a lively yet civil discussion forum and encourages all readers to share their views on our articles. Comments can take up to an hour to be moderated before appearing on the site. We ask that you keep your comments relevant and respectful. We have enabled email notifications. You will now receive an email if you receive a reply to your comment, if there is an update to a comment thread you follow, or if a user follows you comments. Visit our Community Rules for more information and details on how to adjust your E-mail settings.

Share.

About Author

Comments are closed.