Industrial Clustering in Toronto: a Study of Aerospace and High Tech Firms

From the 10 year period between 1995 and 2005, the amount of gamey tech industry relocating or extending operations into Canada grew by an eye-popping 48%. In Toronto alone, the number of firms in 1995, 1716, grew to over 3300[1]. though the concept of firm relocation is not new, and firms have and forget always move or grow into different markets, the attach in Toronto enabled it to claim status as an official tall tech centre of the world, joining the likes of Boston, Bangalore and San Francisco. In fact, Markham, a strong sized suburb of the City of Toronto, officially recognizes itself as Canadas high tech capital, boasting more high tech industry per capita than any other Canadian City[2]. The City of Toronto and the great Toronto Area have steadily become key locations for some(a) of the world most advance and growing industries. Toronto by removed is Canadas largest and one its most affluent urban studys, but space and wealth are by no means the only consideration factors taken into account in firms decisions to set up shop deep down a city. A city, in order to be successful in attracting firms, must contain indoors a optimal blend of a variety of different factors.

Toronto is such(prenominal) a city, combining sound infrastructure and work force, along with attractive government constitution and more importantly, Governmentally instituted and encouraged clustering opportunities. The ability of a firm to locate within a cluster within the City of Toronto and the greater Toronto Area has been a key priming coat for the growth of Industries such as High Tech and Aerospace. In addition to this, the proximity of Primary research facilities such as Universities and Colleges, and the high number of potential qualified employees within Toronto and surrounding areas have effectively highlighted this Canadian City as a optimal space for such industries. The object of this paper is to discuss and analysis the importance and forte of Industrial clustering in regards to maintaining and... If you want to get a full essay, order it on our website: Orderessay

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