Top 10 Reasons To Make North Bay Your Investment Destination
Low Operating Costs
North Bay has one of the lowest industrial tax rates in Ontario. In a recent survey, North Bay ranked fourth out of 14 comparable cities for the overall average costs of business, coming in at 8.6% below the U.S. baseline for business costs.
Highly trained and readily available workforce
Top rated post-secondary education institutions attract talent from across the globe. 86.6% of Canadore College students find employment in their field within six months of graduation, and 86.9% of Nipissing University students find employment within six months of graduation.
Attractive incentive programs
Community incentive programs available for the downtown core and newly developed Airport Industrial Business Park such as Fee Rebate Program, Tax Assistance Program and Landfill Tipping Fee Reduction.
Located at the crossroads of two TransCanada highways (Hwy 11&17), North Bay is a short 3 hour drive from Toronto, 3.5 hours from Ottawa. North Bay's well connected rail, road, air and telecommunication infrastructure further secures its strategic location.
No industrial development charges
North Bay's pro-active business City Council has eliminated industrial development charges and implemented a 20 year commercial tax reduction strategy.
Streamlined development process
To expedite the development process, the City has created the Development Application Review Team (DART). The DART reviews proposals and provides feedback prior to applicants entering into a Site Plan Control Agreement or undertaking a Planning Act application.
Longest runway in Northern Ontario
The North Bay Jack Garland Airport is 1 of 15 airports in Canada, and the only airport in Northern Ontario to have a 10,000-foot runway, capable of landing virtually any aircraft.
Industry led post-secondary research & training
Canadore College continually introduces industry relevant and outcomes-based programs, and has developed the Innovation Centre for Advanced Manufacturing and Production facility as a business incubator and research facility to foster private sector growth. Researchers at Nipissing University have earned $1,352,011 in multiple grants from the Social Sciences and Humanities Research Council of Canada (SSHRC) and the Canadian Institutes of Health Research (CIHR) providing students the opportunity to engage in high level research.
World class health care
The state-of-the-art North Bay Regional Health Centre (NBRHC) provides acute care services to North Bay and its surrounding communities, is the district referral centre providing specialist services for smaller communities in the area, and is the specialized mental health service provider serving all of Northeast Ontario.
The perfect balance
North Bay’s many amenities and vast natural surroundings provide the perfect balance between city living and outdoor recreation. The city and surrounding area is a haven for a variety of activities—from theatrical performances to mountain biking, North Bay has it all.