Kingston, Ontario – September 6, 2022 – Kingston, Ontario has been ranked as one of the top twenty Canada’s Top Locations to invest in Canada by Site Selection Magazine.
Following significant investment, Site Selection Magazine recognized Ontario as the most competitive province in the nation based on cumulative and per-capita calculations from corporate facility projects, those projects’ capital investment and jobs as documented by Site Selection’s Conway Projects Database.
Kingston was recognized as one of the top locations for investment during the timeframe from April 1, 2021 – March 31, 2022 following investments including Frulact’s expansion, Coca Cola’s new facility and the announcement of Li-Cycle’s Centre of Excellence.
“We are excited to see Kingston ranking again and again as a top place in Canada to invest. Our community’s success in supporting company growth and foreign direct investment continues to keep Kingston on the radar of site selectors and investors as a location welcoming for new business,” says Donna Gillespie, CEO of the Kingston Economic Development Corporation. “Kingston Economic Development recently hosted an international delegation to promote Kingston as a location for foreign direct investment and we were thrilled to be able to share this news and latest ranking. Kingston is a growing city that has the capacity and proven track record to support investments from start-ups through to foreign direct investment.”
In March, Li-Cycle, an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America announced their expansion in Kingston with a Centre of Excellence to be established in Kingston’s Clogg’s Road Business Park. The City of Kingston fast tracked a new business park through a Minister Zoning Order to facilitate the investment opportunity and introduce more industrial space into Kingston’s business park inventory.
“Kingston has played a critical role in Li-Cycle’s success to-date, as it’s where we developed our technologies and opened our first commercial facility,” says Tim Johnston, Co-founder and Executive Chairman, Li-Cycle.
In addition to the investments included in the ranking model, the neighbouring community Loyalist Township recently secured a $1.5 Billion investment with Belgium’s Umicore announcing a new manufacturing facility for cathode active battery materials. This announcement further strengthens investor confidence in the regional capacity to facilitate foreign direct investment, regional assets and talent.
The Site Selection Magazine’s report recognizes Kingston’s many accomplishments such as the Kingston Syracuse Pathway partners signed a revised Memorandum of Understanding in August 2021 formalizing the cross-border soft landing program for business entering the respective markets. In September 2021, working with Canada’s Startup Visa Program and LatAm Startups, Kingston hosted a LatAm Scaleup Bootcamp for international start-ups seeking to expand their business into Canada having the city of Kingston as their point of entry.
To learn more about investing in Kingston visit – investkingston.ca
Marketing & Communications Manager
Kingston Economic Development Corporation