On behalf of York Region Economic Strategy, I am pleased to present the 2021 Economic
Development Year in Review. This is an overview of economic development activities undertaken this past year, highlights of business news from across the Region, and important economic indicators showing the strength and resilience of our business community in response to the COVID-19 pandemic.
According to a town staff report, the proposed development will generate 80 jobs. The development will also incorporate a walking trail and playing field available for public and local resident use.
“York Region is home to one of the largest and most comprehensive auto tech ecosystems in North America.” — Brendan Sweeney, Managing Director, Trillium Network for Advanced Manufacturing
Multimatic will supply engineering support to Roe’s #12 Indy Lights machine for the duration of the coming season. Multimatic branding will feature on the Irish driver’s car, driver suit and team wear.
The new Mustang effort, announced in advance of this weekend’s Rolex 24 at Daytona, will be a joint program between Ford Performance and long-time racing collaborator Multimatic Motorsports. It will feature both a two-car factory-backed IMSA GTD Pro works team managed by Multimatic, as well as customer Mustangs for the GTD class starting at Daytona in 2024.
The highly integrated eDrive system is specifically optimized for secondary eDrives for electrified vehicles. The system was designed using Magna’s fully integrated, modular and scalable building block approach, resulting in a cost-efficient and highly advanced product that meets the various demands for global application.
The investment is part of Driving Prosperity: The Future of Ontario’s Automotive Sector, the government’s plan to drive deals and secure production mandates for hybrid and electric vehicles, create a domestic battery ecosystem, and strengthen Ontario’s position as a North American automotive and electric vehicle (EV) innovation hub.
With over 250 automotive and mobility tech related companies in Toronto Area’s York Region, it’s one of the largest hubs in Canada. Our new Autotech sector map highlights some of the major companies that are driving Autotech innovation forward.
The facility will be the first branded Tesla Canada manufacturing facility in Canada and will produce state-of-the-art manufacturing equipment to be used at the Gigafactories located around the world in the production of batteries.
Multimatic race engineers Leena Gade and Teena Gade will provide engineering services. Both have served as engineers for race teams, including for Audi in the World Endurance Championship and Williams, Force India and AlphaTauri in Formula One.
What’s interesting for us Canadians is that Ford has secured Multimatic as its production partner. The Markham, Ontario company already manufactures the Ford GT supercar, which is bowing out after the 2022 model year, and will next focus on this wild Bronco creation.
The Government of Canada has confirmed that certain existing income and business support programs will end on October 23, 2021, as previously announced. This includes the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy.
In the latest #YRtech blog, we roundup some of the most notable news coming out of York Region’s auto tech and auto parts sector. See what’s in store for the future of automotive innovation!
Despite the economic and business challenges of COVID-19, ventureLAB program companies and alumni made an outstanding impact in 2020. From the launch of Tech Undivided and the Hardware Catalyst Initiative, discover everything else that this regional innovation centre supported in their 2020 Annual Review.
The creation of the joint venture unifies Magna’s strength in electric powertrain systems and world-class automotive manufacturing with LG’s expertise in component development for e-motors and inverters.
Enthusiasts know Multimatic as a key partner in the 21st-century Ford GT and GT Mk II or from Aston Martin’s Valkyrie hypercar, but OEMs know the Ontario-based company as a Tier 1 supplier for components that range from door checks to tailgates.
For the second year in a row, Magna received six Supplier of the Year awards from General Motors, the most ever for a supplier in a single year according to the automaker.
This Pilot Project is aimed at advancing the mission of the Department of Parks and Recreation to conserve and protect the natural spaces and species in the county through sustainable practices.
Porsche and Audi will both build their LMDh cars around a Multimatic LMP2 chassis when the brands make their return to top-flight sportscar racing, including the Le Mans 24 Hours, in 2023.
“Xperigo’s commitment to gender equality goes beyond just signing the Women’s Empowerment Principles . Our entire senior leadership team is committed to taking the necessary actions to continually advance gender equality.”
Porsche Centre Markham, Canada’s newest Porsche dealership, is now open on the site of CF Markville Mall – the first car dealership in Canada fully-integrated with a regional shopping centre.
Vaughan headquartered Martinrea International Inc. announces joint venture with NanoXplore to develop electric vehicle batteries enhanced With graphene
Hyundai Canada is making a bold and powerful commitment to Georgian and the Automotive Business School of Canada (ABSC) by investing more than $250,000 over seven years to support Black and Indigenous automotive students.
Stronach is looking to build a new headquarters for his SARIT (Safe Affordable Reliable Innovative Transport) three-wheeled electric vehicle, just east of the Highway 404 exit on Aurora Road in Whitchurch-Stouffville.
Bell and Honda Canada today announced that new Honda and Acura vehicles are now equipped with built-in Wi-Fi hotspots that enable drivers and their passengers to stay fully connected online, safely and hands-free, while on the open road.
Qualified small to medium-sized Canadian businesses can receive from $25,000 to $1 million in HASCAP loans, and larger organizations with multiple locations such as a chain of restaurants or hotels can receive up to $6.25 million in funding support.
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