Toronto Business Success Stories|
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Economic Development - The City of Toronto recognized the vital contribution of
Toronto's business community to the economic vitality and success of the city
at a recognition event held at Yonge Dundas Square, Toronto's newest venue for
events in the heart of the city.
"Businesses in Toronto plays a vital role in our city, providing jobs for our
citizens and contributing significant revenues to the community," Brenda
Librecz, Managing Director, Economic Development, told the crowd of more than
400 business leaders.
This year, Toronto companies have invested $844,695,000 in purchasing new
equipment, constructing new facilities and expanding existing plants for a
total of more than 7.9 million square feet of space.
-- Adams Manufacturing will be supplying the Halls line of candy to all of
North America from its Toronto location.
-- Apotex is investing a total of $143 million in its facility in North
-- Corus Entertainment Inc. has undertaken extensive expansions and
re-investment in the Liberty Village area.
-- Di-Cut Industries Ltd. has completed construction of a 43,000-sq. ft.
addition to its existing plant and office building, almost doubling the
company's space in the building.
-- Molson Canada has broken ground on a 50,000-sq. ft. expansion to its
bottling lines and has made a $34-million capital investment.
-- Syn X Pharma, which employs close to 100 PhD's and other highly skilled
employees, invested more than $3 million in their move to Toronto.
-- Torpharm Fine Pharmaceuticals is undergoing an on-site expansion of more
than 360,000 sq. ft. of its lab and production space. This is the largest
single industrial project west Toronto has seen in over 10 years.
-- Viva Magnetics is embarking on another major investment. The company has
recently purchased 20 acres and is preparing the land in anticipation of
constructing up to 500,000 square feet of new CD and DVD manufacturing space.