Even during a pandemic, the City of North Bay is making headlines and earning a reputation as a place for businesses and families to call home.
In 2020, North Bay experienced one of its best years for residential construction in more than a decade and is positioned for even stronger results this year. The City continues to set monthly real estate records and has been highlighted by one publication as one of Ontario’s most affordable real estate markets and by another publication as among Canada’s top 20 business environments.
We would like to think that this kind of attention hasn’t happened by accident. Throughout the pandemic, we’ve continued to make economic development a priority, recognizing that attracting new investment and assisting our existing businesses during this time is more important than ever.
While there’s no doubt that the COVID-19 pandemic has significantly impacted businesses in North Bay and around the world, it has also underscored the importance of lifestyle and the need to work safely and productively from anywhere, making our City that much more appealing.
In North Bay, people are able to work remotely in a place that’s not only more affordable and offers more space, but has all of the amenities of a larger centre – everything from public transit and recreational facilities to a performing arts centre and ski hill.
With this in mind, we have retooled some of our economic development initiatives, including an intensified business retention and expansion program and a new package of incentives offered through a Growth Community Improvement Plan. We’re using these programs and others to build on recent successes such as the construction of a new galvanizing plant at our Airport Industrial Business Park.
Our efforts to attract new residents and businesses is complemented by the Federal Government’s Rural and Northern Immigration Pilot; and, in partnership with the province, we continue to focus on assisting local businesses and sectors in recovering from COVID-19.
It is our priority to create new job opportunities, not only to attract new residents, but to enable more residents to stay in North Bay and make it their home. We look forward to reaching new milestones.