2023 City of Brampton’s Economic Development Annual Report

The City of Brampton’s Economic Development Office’s 2023 Annual Report highlights the office’s achievements in attracting investment, business retention & expansion, supporting entrepreneurship and fostering economic growth in Brampton throughout 2023.

The report details Brampton’s economic success in 2023 through statistics on business growth, construction activity, and investment. It also showcases specific examples of major companies choosing Brampton for expansion or new facilities, Magna International, Axium Packaging, Lululemon’s new office and largest distribution centre in North America. Brampton had a surge in business registrations (13.4%), substantial construction activity (over $2.3 billion)

The report promotes Brampton’s thriving Innovation District, a hub for startups and tech businesses. It details initiatives like the Brampton Angels investor network and the Brampton Venture Expo. The MedTech Task Force is another initiative highlighted, aiming to make Brampton a leader in medical innovation.

The Annual Report serves to celebrate Brampton’s economic development achievements and its commitment to fostering a prosperous and innovative business environment.