WINDSOR, ONTARIO — (Marketwire) — 06/12/12 — The next four years will bring 2,000 new jobs to Windsor, according to a new report released today by BMO Capital Markets Economics.
The report on Windsor is the latest in a series of economic and business overviews for various cities across Canada that will be published by BMO throughout the year.
“The BMO outlook delivers good news to both our residents and investors in Windsor-s economy,” said Eddie Francis, Mayor, City of Windsor. “City Council is working hard to diversify the economy and match new employment and career opportunities for residents with companies seeking an excellent return on their investment.”
“The people and businesses of Windsor have shown a remarkable resilience and determination,” said Mike Taylor, Commercial Banking Area Manager, Windsor and Essex County, BMO Bank of Montreal. “Now that we have turned the corner, it-s more important than ever for our local businesses to drive ahead and make important investments in new equipment, in expanding their operations and in hiring people. Let-s create these 2000 jobs together. I want to see Windsor businesses get their share of the $10 billion in credit BMO has made available, giving them access to the capital they need to grow and get this city firing on all cylinders.”
“The City of Windsor and the County of Essex are home to exceptional entrepreneurs, high tech industries, great social services and highly productive agriculture,” said Alan Wildeman, President, University of Windsor. “The University of Windsor, along with St. Clair College, is positioning itself with new academic programs and facilities that are encouraging partnerships with industry and our community. Our new Ed Lumley Centre for Engineering Innovation, our downtown campus dedicated to the arts and social work, and the new Windsor Program of Western University-s Schulich School of Medicine and Dentistry will provide significant long term opportunities for the region to continue to develop as a creative and innovative part of Ontario and an important close neighbour to the United States.”
“Employment has stabilized in Windsor after the recession took a major toll on the local labour market,” said Robert Kavcic, Economist, BMO Capital Markets. “Looking out over the medium term, the city will likely see about 2,000 jobs created by 2016, and the unemployment rate should fall gradually to just above eight per cent, about two percentage points above the Ontario average and near pre-recession levels.”
Real Estate/Construction
Auto sector
Population Growth
The full report can be downloaded at .
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
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