September 8, 2022

Business magazine selects Kingston as top-20 location in Canada to invest in

Kingston City Hall Arial View

Kingston has been ranked among the top 20 in Canada’s Best Locations in which to invest by Site Selection Magazine…

By Ian MacAlpine, Kingston Whig Standard, September 6, 2022

Kingston has been ranked among the top 20 in Canada’s Best Locations in which to invest by Site Selection Magazine, a news release from the Kingston Economic Development Corporation, said.

Kingston was recognized as one of the top locations for investment during the timeframe from April 1, 2021, to March 31, 2022, following investments that included Frulact’s expansion, Coca-Cola’s new facility and the announcement of Li-Cycle’s Centre of Excellence.

Site Selection Magazine also recognized Ontario as the most competitive province in the nation based on cumulative and per-capita calculations from corporate facility projects, the projects’ capital investment and jobs, as documented by Site Selection’s Conway Projects Database.

“We are excited to see Kingston ranking again and again as a top place in Canada to invest,” Donna Gillespie, CEO of KEDCO, said. “Our community’s success in supporting company growth and foreign direct investment continues to keep Kingston on the radar of site selectors and investors as a location welcoming for new business,”

In March, Li-Cycle, a lithium-ion battery resource recovery business and the leading lithium-ion battery recycler in North America, announced its expansion in Kingston with a centre of excellence to be established in Kingston’s Clogg’s Road Business Park. The City of Kingston fast-tracked a new business park through a minister’s zoning order to facilitate the investment opportunity and introduce more industrial space into Kingston’s business park inventory, the release said.

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