Canada’s Best Places for Business 2016

Orangeville, Ont.

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Population: 29,724
Annualized population growth (%) 0.61
Avg. household income ($): 87,467
Total value of building permits issued, most recent year ($): 525,457
Avg. office lease rate ($ psf/yr): 28.00
Corporate income tax rate (%): 26.5
City website: www.orangeville.ca

Market

Pop. within 1 hr commuting distance: 3,439,252
Adults who have completed apprenticeship, trades certificate or diploma (%): 8.49
Adults who have completed university degree (%): 12.94
Adults who have completed bachelor''s degree (%): 69.45
Unemployment rate, most recent month (%): 5.43

Costs

Avg. home price ($): 348,872
Avg. retail lease rate ($ psf/yr): N/A
Avg. industrial lease rate ($psf/yr): 6.91
Avg. general lease rate ($psf/yr): 19.11
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.0098
Peak electricity cost for mid-size industrial business ($/kWh): 0.2220

Taxes & Regulation

Business license cost ($): $50 to $199
Avg. processing time for building permit, most recent calendar year: Less than 3 weeks
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): 2.500000
Industrial property tax rate (% of assessed value): 4.200000
Small business income tax rate, if different (%): 15.0
Sales tax (%): 13
Special regulations or zoning: Orangeville has an industrial zone which permits a full range of uses including manufacturing, warehousing, business or professional offices, including accessory offices, and retail. The majority of properties within the zone permit loading areas, outdoor storage, and display areas. To assist in beautifying the industrial area, the municipality requires front yards and exterior side yards to be landscaped

Other

Largest employers: Millennium 1 Solutions; Pinehurst Group Inc.; Clorox Company of Canada, Ltd.
Leading industries: Manufacturing; Retail; Health Care
Value of capital projects >$5 million planned or under construction ($ million): 42,980,371
Special amenities: Orangeville is home to the 8-kilometre Island Lake hiking trail, as well as the Credit Valley Explorer Tour Train. It hosts the annual Orangeville Blues & Jazz Festival and Theatre Orangeville at the city’s historic opera house.
Special economic development initiatives: Orangeville has implemented a Wayfinding Signage Project, and a Business Retention & Expansion Plan focused on the manufacturing sector. The city also runs Summer Company and Starter Company programs aimed at students.