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Throughout 2020/2021, the region continued to make headlines for major investments and steadfast investor confidence. As we acknowledge important announcements and achievements throughout the region, we are cognizant of how each municipality uniquely contributes to a comeback for the entire Toronto Region. Each individual achievement is a step toward strengthening the whole.
In the midst of a pandemic, lockdown and deep economic recession, there remained a sustained interest for investment and growth in the Toronto Region, bringing a sense of optimism about the future. According to Ryerson University's Centre for Urban Research and Land Development, Toronto is now the fastest growing metropolitan area in all of North America. It just goes to show: people are betting big on this region.
Sanofi, alongside the federal and provincial governments, has committed to building an “end-to-end” influenza vaccine manufacturing facility in Toronto, investing close to a billion dollars in the project. The establishment of a new end-to-end influenza vaccine production facility in Toronto by 2026 will help to enhance the health of Canadians and secure priority access to domestically manufactured vaccine supply, while providing employment opportunities for residents and adding to the fast-growing health and life sciences sector in the Toronto Region.
This outpaced the national average of 1.3 per cent in Canada’s other CMAs, which are generally urban areas, and the 1.1 per cent growth in the country as a whole. Home to three post-secondary institutions, an established energy cluster, a strong transportation network, and a diverse range of industrial and commercial properties, Durham Region is an ideal place to live and build a business.
This is the first hospital to be built in York Region's City of Vaughan, and the first net new hospital to be built in Ontario in more than 30 years. Cortellucci Vaughan Hospital is the first smart hospital in Canada, featuring fully integrated smart technology systems and medical devices that can speak directly to one another to maximize information exchange and enable improved patient care. Through modern and proven best practices, the hospital will provide state-of-the-art health care and considerable impact for patients and their families.
This announcement was a key part of the $1.8-billion deal between Ford and its biggest union, Unifor, to start making five new electric car models at the plant. Ford has put 800,000 electric cars on the road worldwide in recent years, and the company forecasts electric cars to outsell fossil fuel-powered cars within the next decade. As a result, Ford is quickly ramping up production of electric vehicle production. The upgrade of the Ford plant will make Oakville into the company's number one electric vehicle factory in North America.
Establishing the Mississauga site as part of its global manufacturing network is key to Bora Pharmaceuticals’ growth strategy. From its new facility, Bora Pharmaceuticals is now positioned to produce 50 different products for 100 markets worldwide. The company will employ approximately 400 skilled manufacturing workers from its Mississauga site and plans to recruit additional employees to further strengthen its technical and operations team.
MDA has provided Logistics and Sustaining Engineering services to the Canadian Space Agency (CSA) and its international partners since the start of the ISS, celebrating 20 years of continuous habitation by humans this year. The contract includes ongoing operations and maintenance of the Canadian contribution to the ISS, including Canadarm2, Dextre and the mobile base system. MDA is advancing space innovation everyday and putting the Toronto Region on the map… both on and above Earth.
