Kingston was recently named one of the best 20 places to invest in Canada by Site Selection Magazine.
The magazine bases its choices on its database of facility investment projects pulled from across Canada. Those projects must represent at least $1 million invested, at least 20 new jobs or at least 20,000 new sq. ft. of space. That means Kingston was chosen based on the investment associated with these qualifying projects.
Many residents will realize this success is based largely on Kingston securing the Feihe Canada Royal Milk and Frulact plants. On its own, Feihe Canada Royal Milk represents $300 million in new investment in Kingston and, once it is completed, will host 350 new jobs.
Planning is just one of the factors that helped attract this foreign direct investment to our community. We are proud that Kingston was able to accommodate these businesses as it had designated areas in business parks zoned for their purposes. In other words, the City had planned to attract industry by creating areas where it could be aptly situated.
So what does it mean to be named on Site Selection Magazine’s list? Kingston will now be featured in the International Foreign Direct Investment Summit alongside Toronto, Halifax, London (ON), Vancouver and Hamilton this October in Huzhou, China.