8.3%  Unemployment Rate
The unemployment rate in London Census Metropolitan Area (CMA) fell from 8.6% in May 2010 to 8.3% in June 2010... more266,900  Labour Force
London CMA labour force remained unchanged in June 2010... more611  # of Building Permits
Approximately 611 building permits were issued in June 2010, compared to 474 in May... more13.4% Availability Rates (Industrial)
Industrial market availability rate decreased slightly from 13.8% in the 4th quarter '09 to 13.4% in the 1st quarter of 2010... more$4.32 Average Lease Rates (Industrial)
Lease rates in the industrial market increased slightly, from $4.28 per sq. ft in the 4th quarter'09 to $4.32 per sq. ft in the 1st quarter of 2010... more$239,000 Average Housing Prices
Prices of standard two-storey homes in London rose... more
2010-08-23Global Railway Closes Sale of Bach Simpson Corporation 2010-08-16Western Engineering finds new way of utilizing solar farms at night 2010-08-12Voices.com Earns Top Score for Best in Class Service from The Interactive Media Awards 2010-08-10Digital Fortress Corporation Partners with SupportOne
To see a full list of headlines and news releases, visit the LEDC homepage
Be sure to forward your News Releases to info@ledc.com for inclusion in future newsletters and on the LEDC web site.
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New London facilities creating new jobs  When we celebrate the creation of new jobs in London, the jobs usually relate to private industry jobs, created through the attraction of a new company to London, or an expansion to an existing business. We tend to forget about the expansion of public and non-profit organizations and the impact they have on the London economy.
The new North London Community Centre, YMCA and Library facility currently under construction at Adelaide and Sunningdale is an 84,000 square foot, $30 million joint venture between the City of London, the YMCA of Western Ontario and the London Public Library that is creating 30 new full time jobs and 75 part time jobs.
↓Click here for the full story..
Goodwill Industries recently announced their new $12 million Social Enterprise Abilities Centre, the 83,000 square foot facility currently under construction in London’s SoHo Neighbourhood. The Centre will draw 200,000 shoppers and 50,000 donors a year, as well as tens of thousands of people for training and employment services annual. The project will create between 75 and 100 jobs both directly and through spin off initiatives.
The Abilities Centre will include a Social Enterprise cafe, where individuals can be trained in culinary and customer service skills, a community store, a drop off and material handling facility for donations, corporate services office and classrooms and conference facilities that could accommodate 350 to 400 people.
Watch for their opening in the spring of 2011.
↑Hide this content. Manufacturing Success: Leveraging your process and products for growth - September 29th, 2010  This workshop is designed to give manufacturers an enhanced understanding of how to leverage their unique operation and product innovations as strategic competitive advantages. Canadian manufacturers have proven to be especially robust in the global market, contending with inflation, parity of the Canadian dollar, and increased competition globally. Continued success for Canadian manufacturers has been driven by innovations in process, personnel, and product. Hear from 3M and other leading Canadian companies on how embracing innovation as a strategic competitive advantage has lead to their corporate growth. The workshop agenda includes case studies, strategic and practical advice on how to leverage your strengths, as well as presentations from Canada’s leading funding bodies for innovation: NRC-IRAP, Industry Canada, and the Ministry of Economic Development and Trade. Space is limited for this workshop.
Click here to reserve your seat today. Request to London business leaders travelling Abroad  Year-to-date, 2010 has been a successful year for the LEDC for its role in attracting new investment to London. We have worked closely with companies such as NDS, German Solar Corporation, Kongsberg Gruppen AS and London Eco-Roof to name a few as they have announced their investments in London.
To build on London’s diverse economy, and on its strengths, the LEDC team continues to focus on supporting the growth of a broad range of industry sectors from Advanced Manufacturing, Agri-food processing, Digital Media, Renewable Technologies, Life Sciences, ICT, Financial and Business Services and Logistics.
↓Click here for the full story..
On the investment attraction side of our work, we are focused on key markets where we have built strong relationships with government and industry, namely Europe and Asia.
And this is where we need your help to complement our efforts. Although we don’t have a formal Ambassador program, there is an opportunity for you to help deliver our message about the advantages of doing business in London as you travel the globe. Together, we can promote London to the world and identify new opportunities for investment.
If you would be interested in receiving a few London materials to share with your international contacts, please send an email to Lesley Cornelius at lcornelius@ledc.com or call at 519-661-5009 and she will forward the materials to your attention. Or, if in conversation with a company that expresses interest in learning more about London, please forward their contact information back to Lesley who will coordinate a call with the LEDC Industry expert for follow up.
Whether you tell the story about London’s new Downtown Campus, or our city-wide medical devices strategy, or our new Advanced Manufacturing and Research Technology Industrial Park, there are unlimited opportunities to advance business in our own backyard...let's share the story!
Click on the following links for additional information:
Facts on London
London and LEDC Publications
↑Hide this content. Help the next generation aspire to do great things  How? Join Western’s network of employers in hosting a Social Science student for our 3rd annual Job Shadowing Program during the month of November.
Hosting a student is a great way to increase your company/organization’s recognition on campus among the best and brightest students and provides an easy way for you to give back with flexibility and very little time commitment. By hosting a student you will help strengthen student successes and workforce readiness and allow students to see first hand the skills they will need to be successful in the future.
↓Click here for the full story..
Providing an opportunity for a student to job shadow entails spending one half or full day with a student at your workplace and may include activities such as introducing your job, exchanging ideas, discussing your role and responsibilities, giving a tour of the workplace and an opportunity to observe your daily routine. Due to issues of confidentiality and workplace limitations, some employers have presented the day in a group format hosting multiple students, have arranged for a student to spend time with multiple people in a variety of roles and have even taken them on work calls on field work assignments. The program is flexible; Western encourages you to plan activities that make sense for you.
If you are interested in participating, please contact Social Science Career Services and they will match you with a student with similar career interests. The student you are hosting will contact you at the end of October to arrange a mutually agreeable day and time. In the meantime, Western will provide you with a detailed information sheet.
Contact:
Sarah Dawson, Career Counsellor
519-661-2111 x 80486,
sdawson4@uwo.ca
http://www.ssc.uwo.ca/careers
↑Hide this content. Are you a "Best Managed Company" in London?  June 28 marked the official launch of the call for applications for Canada’s 50 Best Managed Companies Program 2010. Now in its 18th year, the nationwide search continues for companies that are setting the pace in a reset world through their business excellence, calibre of management abilities and best practices.
“This year we’re searching for companies whose management teams gained momentum in the face of unprecedented challenges and as a result, have set the tempo for tackling strategic issues in a reset world,” said John Hughes, Deloitte partner, Private Company Services, and national leader of Canada’s 50 Best Managed Companies program.
The deadline for Phase One applications is September 24, 2010. The 2010 winners will be announced in February 2011 and honoured at the Canada’s 50 Best Managed gala on March 29, 2011. Established in 1993 Canada’s 50 Best Managed Companies is one of the country’s leading business awards program, recognizing excellence in Canadian-owned and managed private companies with revenues over $10 million. » For more information please CLICK HERE BDC launches Advice Centre - A success destination for entrepreneurs  BDC has just launched a new online Advice Centre where entrepreneurs will find the know-how they need to tackle the challenges of running a business.
The Advice Centre at BDC.ca is an information hub offering fresh ideas, useful tips and free tools on all aspects of managing a company and yourself. You will learn from experts and other entrepreneurs how to overcome problems and achieve your goals.
The information is easy to navigate, easy to understand and easy to put into action. Here’s what you will find when you visit their Advice Centre:
↓Click here for the full story..
Articles
The articles are about real-life situations and opportunities. They contain a wealth of information and the selection is constantly growing. Do you have questions or problems? Start here and discover how other entrepreneurs are handling similar issues. Find out what experts have to say and learn best business practices.
Tools
To succeed today, you need to be able to find resources quickly. BDC’s Advice Centre brings together a set of tools to assist you whether your business is just starting up or already well established.
- Business plan template - Prepare a professional business plan that gives you a detailed road map for your company and increases your chances of obtaining financing.
- Entrepreneurial self-assessment - Find out if you have the aptitude, skills and drive to run your own business.
- Ratio calculators - Assess your business in key areas such as earnings power and debt load.
- Benchmarks - Identify where your company can improve by comparing yourself with the best performers in your industry on key business indicators.
Ask a professional program
Take advantage of their unique service that allows you to get help from a BDC Consulting professional free of charge. Each month they pick a new topic and invite entrepreneurs to ask their questions to one of their business experts.
↑Hide this content. Expanding into new markets As you consider expanding into new markets to grow your business, consider the Canadian Trade Commissioner Service as a great starting point to learn more about the opportunities. They can help you assess your readiness to compete globally and improve your international business strategy. They will provide you will inside information and market intelligence to succeed in new markets. With offices located in 150 cities worldwide, they can provide the local expertise, contacts, and credibility that are crucial when doing business in a foreign market. » For more information please CLICK HERE |
