6 Standout Industries in London, Ontario
Ontario generates 37 percent of Canada's GDP.2 That's why, in many of the province's cities, employment opportunities are vast. Here are six of London's leading industries:
London's economy is heavily rooted in healthcare and other life sciences. More than 25,000 people in the area are employed by the industry's hospitals, research facilities, and private-sector companies.3 London proudly hosts exciting employers such as Canadian Surgical Technologies & Advanced Robotics, Lawson Health Research Institute, and the London Regional Cancer Program. With such a large footprint in this sector, the area's colleges have responded by offering a variety of programs that prepare tomorrow's healthcare professionals and researchers for rewarding careers.
Along with the field of healthcare, social services careers are growing rapidly throughout Ontario. In fact, collectively, employment in both sectors grew by about 12.5 percent from 2014 to 2018.4 That's because the local and provincial governments are working to provide necessary support to the disadvantaged. So educated individuals will continue to be needed to fill social services positions.
London has become a hub for technology firms that focus on digital interactive media and application development. In fact, this sector employs more than 9,000 people in the area and includes over 350 companies.3 Those professionals develop a variety of interactive games, creative content, and software for multiple industries, including financial services.
Situated between Toronto and Detroit, London is in just the right spot to benefit surrounding organizations. Many Canadian and international companies choose London as their home because of the good quality of life and relatively low cost of doing business.
5. Manufacturing and Agriculture
Modern, technology-driven sectors may be taking a leading role in driving the London economy, but the region still depends heavily upon tried-and-true sectors such as agriculture and manufacturing. In many ways, it is their own evolving needs that are driving the growth of newer industries.
The skilled trades provide some of the most reliable job prospects of all industries. For example, the job outlook for refrigeration and air conditioning mechanics is considered good in Ontario as many of the trade's older workers head toward retirement. Welding is another avenue worth exploring since the number of welders is predicted to increase over the coming years.5 Plus, it's a versatile occupation that can allow you to work alongside people in other trades like construction and carpentry.
1 City of London, 2016 London Census: Fact Sheet 1, website last visited on January 2, 2020.
2 Government of Ontario, "About Ontario," website last visited on January 2, 2020.
3 London Economic Development Corporation, website last visited on January 2, 2020.
4 Statistics Canada, "Employment by industry, annual," website last visited on January 2, 2020.
5 Government of Canada, Job Bank, website last visited on January 2, 2020.