Access to great talent can set a region apart and be the key to success for businesses and the communities they serve. Global electronic manufacturing services provider SMTC is a perfect example of this talent advantage.
While other manufacturers may have moved offshore, SMTC chooses to maintain its headquarters in Markham, just outside Toronto, because of the region’s talent. The region’s large immigrant population offers SMTC something that other cities like Chicago and New York can’t — highly skilled, diverse and international people.
Nearly 46% of Toronto’s population are immigrants, compared to just 28% in New York and 18% in Chicago. Yet, Toronto might be losing this talent advantage. According to Citizenship and Immigration Canada, 10,000 fewer immigrants chose to make Toronto home in 2012 compared to 2008.
Source: National Post