For the City of Mississauga, its slogan, ‘Leading today for tomorrow’, is not merely a marketing tool, it is a testament of factual strengths. Its stable local government, access to a well-educated labour pool, and location in the heart of a major transportation network make it a prime choice for international companies.
From a global perspective, Mississauga is flourishing and is well positioned to continue to attract Fortune 500 and Global 500 companies. The city is the Canadian headquarters for 57 Fortune 500 and 51 Global Fortune 500 companies. In total, 104 Fortune 500 companies have some kind of facility in Mississauga.
The 57 Fortune 500 companies include Baxter, DuPont, Federal Express, General Electric, General Mills, Gillette, Hewlett-Packard, Honeywell, Kimberly-Clark, Microsoft, Office Depot, Oracle, Pepsi, Pitney Bowes, Tech Data, Wal-Mart, Wells Fargo Financial, Whirlpool and Wyeth. The 51 Global 500 companies range from consumer products and healthcare firms to the auto industry.
Mississauga is home to some of the biggest firms in the world. Firms like AstraZeneca, Accenture, Bridgestone/Firestone, Canon, Compass Group, Ericsson, Fuji Photo Film, GlaxoSmithKline, Henkel-Loctite, Hitachi, Hoffman-La Roche, Mitsubishi, NEC Nippon Express, Nissan, Novartis Consumer Health, Ricoh, Samsung Electronics, Sharp Electronics, Siemens and UPS have a Canadian head office in Mississauga.
Stable local government
Mississauga provides international companies with a positive, pro-business environment. It has a debt-free financial standing and Standard & Poor’s Ratings Services (S&P) assigned its AAA credit rating on the city for the third consecutive year in 2006, based on its no-debt policy, exceptional liquidity levels and its strong, strategically located economy. The city also has low property taxes, and competitive lease rates and land prices. And it has more than C$700m in reserves and a stable, growing economy that makes it very attractive to foreign investment.
According to S&P’s rating, Mississauga’s debt-free record puts the city ahead of its domestic and international peers with respect to debt burden. Outside the US, Mississauga is only the 10th municipality to earn S&P’s coveted AAA rating.
Strong talent draw
Mississauga has a well-educated talent pool: 82% of its resident workers possess a post-secondary education. There are 10 universities and 11 colleges within commuting distance. The city’s location in the Greater Toronto Area gives it access to a labour pool of 3.1 million people.
For international firms, Mississauga provides a cost-competitive base with solid infrastructure in the heart of a major air, road and rail network. The city is home to Canada’s largest international airport and just a day’s drive from one of North America’s richest markets with access to 164 million consumers.
As Canada’s sixth largest city, with a population of more than 700,000, Mississauga provides companies with a well-established infrastructure and state-of-the-art facilities. To enhance and attract a talented labour force, the city delivers quality municipal programmes and services to its businesses and its citizens and is recognised as Canada’s safest city.