The Kanata North Technology Ecosystem:
Generating Economic Opportunities for All of Canada

The Kanata North Technology Ecosystem: Generating Economic Opportunities for All of Canada: Top Banner

Kanata North is full of the best kind of surprises.

We did some research (ok, a lot), analyzed the data, crunched the numbers and what we found was exhilarating. Exciting. Thought-provoking.

We invite you to take a look at our findings below.

The study paints a picture of an innovative, robust and diverse ecosystem that is contributing to the economy and well-being of Ottawa as a whole. With leading-edge skill sets, creativity and technology, Kanata North’s economic advantage is clear. This study details the impact and magnitude of Kanata’s contributions and opportunities for continuing growth.

#SeriousTechLivesHere

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Kanata North is home to 500+ companies.

These 500 companies are varied. Although Kanata North is undoubtedly a preferred location for many multinational technology firms – who we love – the numbers below paint an interesting story.

We are a business community with many firms of many different sizes that employ thousands, directly and indirectly.

In fact,

75% of Kanata North’s tech firms have less than 50 employees.

The Kanata North Technology Ecosystem: Generating Economic Opportunities for All of Canada: bar graph The Kanata North Technology Ecosystem: Generating Economic Opportunities for All of Canada: bar graph

productivity

$7.8 billion

net value-add of Kanata North

30,679

Kanata North workers in all sectors, taking into account all direct, indirect and induced effects

$255,000

The average contribution to GDP per Kanata North worker

3X higher

than the national average Kanata North productivity level

ownership

Percentage of Canadian owned companies in Kanata North

Who owns the businesses in Kanata North?

Percentage of foreign owned companies in Kanata North

employment

   20,263 directly employed
+ 10,416 indirectly employed
= 30,679 total

   20,263 directly employed
+ 10,416 indirectly employed
= 30,679 total

Tech employment, from 1991 to present, has consistently grown in Kanata.

revenues

Combined, the top 20 companies in Kanata North generated $3.3 billion in revenues in 2015.

property values

Kanata North commercial properties are valued at over $1 billion for city tax purposes.

 

Kanata North is the largest Research and Technology Park in Canada and contributes an impressive $7.8 billion to GDP.

 

The Kanata North Technology Ecosystem:

Generating Economic Opportunities for All of Canada

Executive summary

In 2015 the Kanata North Business Association commissioned an economic impact assessment to determine the impact of the business community and its contributions at the municipal, provincial and federal levels, to assess and compare economic change over 25 years and to provide data and analysis to guide investment and promotion decisions.

The conclusion? Kanata North’s productivity and contributions at the local, provincial and national levels are extraordinarily strong. Kanata North’s productivity is three times higher than the national average. The total economic impact of Kanata North is $7.8 billion. Between the three levels of government, the total returns to government are $2.94 billion, equivalent to 37% of the total impact.

We hope that this report will help policy- and decision-makers understand how Kanata North’s contributions are continuing to build a strong technology ecosystem and generating economic opportunities for all of Canada.

Acknowledgements

The Kanata North Business Association would like to express their gratitude to Doyletech for their diligence, analysis and attention to detail in undertaking this research. We are also grateful to the more than 40 executives across almost every sector in Kanata North who participated in our process. Each interview was at least one hour long, and frequently more. We appreciate the time they took from their inevitably busy schedules to participate in the study. Without their engagement and information, this study would not have been possible. We would also like to extend our thanks to the City of Ottawa for their support.

Contact

Jenna Sudds, Executive Director, 613-801-1069, [email protected]

Kanata North BIACity of OttawaDoyletech