Economic Development Strategy
Our Economic Development Strategy helps guide Richmond Hill's economic growth for the next several years. In 2017, the Strategy was updated to reflect our current economic development landscape to ensure new trends and emerging sectors are part of our roadmap for the next few years.
Economic strengths
The Economic Development Strategy highlights many of the benefits of working and living in Richmond Hill, including:
- Excellent transportation infrastructure
- Strategic central location
- Highly skilled and educated workforce
- Ethnic diversity
- Strong corporate support from Richmond Hill staff
- Growing economy
Key sectors and subsectors
The Economic Development Strategy focuses on strong business sectors in Richmond Hill. Over the coming years, these sectors will continue to grow, expand and strengthen our local business community. The key sectors and subsectors include:
- Professional, Scientific and Technical Services (PSTS) with key focuses on Microelectronics, IT Services and Environmental Services
- Health with a key focus in Healthtech and Medical Devices
- Finance and Insurance with key focus in Fintech and Alternative Financial Services
- Information and Culture
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