Gananoque, ON: At the January 17th 2017 Council meeting, the Town of Gananoque Council received a report from the Economic Development Department regarding an overview of the economy in 2016. The Town was pleased to learn that the community experienced a 16.3% job growth in five years.
The Town uses the statistical resource, Analyst a web-based tool that provides statistical data[i] on regional economies and work forces. The program is made available through the Ontario Ministry of Agriculture and Food and Ministry of Rural Affairs and combines multiple national data sources to provide up to date, detailed information on local economies.
According to Analyst, as of December 2016, Gananoque has a total of 3530 jobs and an average earnings of $36,638. The majority of the employers are considered small businesses with under 49 employees and the majority of our businesses represent 1-4 employees. Overall, the Town has seen a 16.3% increase in jobs over the past 5 years (2010-2015) with projections for continued growth. This rate of job growth is higher than the province at 7.2% and the nation at 6.8%. The largest growth areas over the five year span continue to include medical equipment manufacturing, gambling industry and tourism which represents our largest employment base.
“This is great news for the community and we hope to see continued growth in the future,” stated Mayor Erika Demchuk. “We would like to welcome the new businesses and thank all the businesses for their contributions and dedication to the community.”
[i] The data sources include Canadian Business Patterns (CBP), Census Data, Survey of Employment, Payroll and Hours (SEPH), Labour Force Surveys (LFS), Canadian Occupational Projection System (COPS), CANSIM Demographics, and Postsecondary Student Information System Education Data (PSIS).