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:

• Finance and Insurance with a subsector of Fintech
• Professional, Scientific and Technical Services with a subsector in Microelectronics
• Information and Cultural industries with a subsector in IT Services
• Health Industry with a subsector in Healthtech