ST. THOMAS, ONT. — Newly proposed legislation introduced by the Ontario government aims to make the province more competitive by consolidating a new investment-ready mega site in St. Thomas to attract investment.
The legislation builds on the province’s efforts during the Job Site Challenge, launched in November 2019 which was designed to attract large-scale advanced manufacturing investments and create jobs.
It creates an inventory of investment-ready mega sites and, as part of the initiative, municipalities, economic development agencies and industrial property owners put forward large tracts of land of between 500 and 1,500 acres that could support large-scale manufacturing operations, states a release.
A site in St. Thomas and Central Elgin that’s about 1,500 acres has been identified as one of the most investment-ready mega sites in Ontario. However, with the land divided between two municipalities with different permitting requirements, potential investors could face red tape and delays from unnecessary duplication.
If passed, the proposed legislation will adjust the municipal boundaries so the site resides fully in St. Thomas, speeding up construction timelines and ensuring that the site is truly shovel-ready for potential investment, adds the release.