The city boasts of having issued more building permits, new plans for the city center and the arrival of newcomers
The local economy continues to grow and diversify as the City of Greater Sudbury moves forward with the Economic Recovery Strategic Plan. The City is focusing its attention and resources on key actions that will support community efforts to recover from the challenges resulting from the COVID-19 pandemic.
As first quarter 2022 results are released, we continue to find innovative ways to work with partners to support local businesses.
“The past 24 months have been a difficult time for many in our community, but together we have shown resilience and supported each other,” said the Mayor of Greater Sudbury. “Council continues to fund community recovery efforts to promote economic growth in Greater Sudbury, and we are seeing the results with a strong first quarter.”
Applications for new residential units increased by $10.8 million for 68 residential units. Growth in the value of miscellaneous residential construction increased in the first quarter with a construction value of $11.5 million, more than in the first quarter of 2021 and the five-year average in the first quarter.
Consistent with trends, building permits issued increased in the first quarter of 2022, with 305 permits issued, worth $45 million. Industrial, commercial and institutional (ICI) building permits increased from 2021, with 83 permits issued in the first quarter worth $22.6 million. Building permit activity in this sector is contributing to strong employment growth in the community, demonstrated in part by a 4% unemployment rate in March.
Information continues to be made available to developers, investors and the public through various channels, including the Development Tracking Dashboard, which provides up-to-date data on residential, industrial, commercial and institutional development in the community.
“Greater Sudbury continues to be a place where people want to work, live and do business,” said Ed Archer, General Manager of the City of Greater Sudbury. “Our community has been resilient and competitive throughout the global pandemic thanks to Council investments, excellent community collaboration and innovative changes to municipal services. Thanks to everyone’s cooperation, we were able to adapt quickly and continue to grow our local economy.
As a successful applicant of the Streamline Development Approval Funds program, the City will undertake several initiatives over the next year to help expedite the development approval process, including online approval, a more flexible policy framework and improved infrastructure data. The fund aims to improve municipal development approval processes and streamline residential development applications in Ontario.
As part of the Economic Recovery Strategic Plan, a new Innovative Strategic Areas Community Improvement Plan (CIP) has been approved by City Council, replacing the Town Center and Downtown Sudbury Community Improvement Plans . A public consultation is currently underway for the new project. Learn more and submit your comments by visiting overtoyou.greatersudbury.ca/scacip.
Other successes this quarter include the launch of the Downtown Regional Business Center business incubator project, known as Quartiers de l’innovation (IQ), which has made significant progress . This exciting new hub aims to help local entrepreneurs looking to grow their tech startups. He will soon have access to mentoring opportunities, offices and tailored programs thanks to the creation of an incubator. The incubator is a partnership between the City of Greater Sudbury, NORCAT and the Greater Sudbury Chamber of Commerce, under the coordination of the Regional Business Centre.
Greater Sudbury continues to grow as we welcome new residents to the community. In the first quarter of 2022, 46 people were approved to apply for permanent residency under the Rural and Northern Immigration Pilot Program (RNIP). This is an increase from 2021, where nine people were approved in the first quarter. Demand continues to be strong in 2022, with new apps arriving almost daily. Since the program’s inception, 141 individuals have been approved, which represents 316 new residents for our community when spouses and family members are included.
Other sectors, such as arts and culture, continue to recover, with two productions filming in the community in early 2022. The film and television industry attracts talented and creative people to Greater Sudbury, which that creates jobs that help them stay in the North.
Those interested in learning more about Greater Sudbury’s economic growth in 2021 can visit https://investsudbury.ca/about-us/economic-bulletin/ Related information will be shared and reported quarterly in 2022.