The Investment
The NewCold Guelph Sustainability Campus will create high-value job opportunities for Canadians, with substantial growth potential and opportunities for skills development.
Over 570 new local jobs created.
Competitive Benefits.
Est. Annually $12M Property Taxes.
$48M Total Annual Wages.
Over 22,000 plantings and 110 acres of enhanced or created greenspace.
Jobs
- • High-value job opportunities.
- • Opportunity for flexible working environment.
- • Internal training programs that focus on nurturing talent.
Food Security
- • Improved resiliency of Canada's food supply chain.
- • Support of consistent food availability.
- • Recognition of Guelph's role as an emerging leader in the food sector.
Technology
- • The most innovative third-party logistics (3PL) solution for the food supply chain.
- • Advanced automated warehousing solutions capable of functioning 24/7.
- • Proprietary software that incorporates three unique fully integrated systems.
Greenspace
- • Adjacent to the South End Community Centre.
- • Enhancing greenspace initiatives in Guelph.
- • Supports Guelph’s tree canopy target of 40% by 2031.
Economic Development Impact
Altus Group, on behalf of NewCold, conducted a comprehensive study of the NewCold Guelph Sustainability Campus. The study examined the local economic impact of the project’s construction and development, as well as the future benefits of its ongoing operations.
$1.34B
Construction & Development
$1.36B
On-Going Operations
(First 5 Years After Stabilized Business Operations)
Full-Time Work*
Wages & Business Income
($Millions)
Income/Business Tax Revenues**
($Millions)
Gross Domestic Product
($Millions)
Construction & Development
rounded up to the closest $5 million inclusive of direct, indirect and induced. ***
On-Going Operations
First 5 Years, rounded up to the closest $1 million inclusive of direct, indirect and induced. ***
- *Person-years of employment (the number of hours of full-time work)
- ** Federal and Provincial levels of government combined
- *** Direct impact comes from the initial economic activity generated from construction and ongoing operations. Indirect impact is connected to the supply chain supporting the construction and daily operations. Induced Impact is stimulated by the spending of income from the direct and indirect rounds of the economic impacts.
Data Source by:
