There are approximately 220 Japanese companies in Ontario. The City of Mississauga has benefited from a disproportionate amount of foreign direct investment (FDI) from Japan. It is estimated that approximately 80 Japanese-based companies have operations in Mississauga and most are Canadian Headquarters. Some large Japanese multinationals have been in Mississauga for over 30 years.
Last year, the City of Mississauga, Economic Development Office (EDO), conducted two Foreign Direct Investment (FDI) missions to Japan. The EDO intends to conduct two investment missions to Japan in 2015. The first, took place during the week of June 15-19.
There is a strong value proposition for Japanese companies in Life Sciences, ICT, Logistics and Transportation, and various Advanced Manufacturing sectors. Mississauga has already benefited from many significant investments by Japanese companies.
Many Japanese multinationals operate in knowledge intensive industries. Again, this aligns well with Mississauga’s value proposition and where, in fact, the city is globally competitive.
Japan is a complex, mature and sophisticated FDI market. North American FDI attraction interests are less likely to pursue markets that are complex and difficult to navigate. Mississauga has established good relationships in Japan and a strong network of local Japanese business executives. With continued effort, and together with the GTMA, Ontario and our in-market consultants, these can lead to retention, follow-on investment and new FDI.