London is fortunate to have a diverse economy. While we did feel the 2009 recession, London wasn’t hit as hard as other cities that depended heavily on manufacturing, and we’ve been able to bounce back quite well.
The London Economic Development Corporation identifies 5 main industries in London and the surrounding area:
- Food Processing employs over 7,000 people in the area. Top employers in this industry include McCormick Canada, Cargill Canada, and Labatt Brewing Company
- Professional Services is a diverse and strong industry in London. National corporations like Td Canada Trust and London Life Insurance as well as startups like HRdownloads proudly call London home
- Healthcare and its related industries are one of London’s biggest sectors employing more than 25,000 people.
- Advanced Manufacturing is still a driving force in London’s economy employing more than 33,000 at 500 different companies. Cami Automotive, Formet Industries and, General Dynamics are just 3 of this industry’s local leaders
- Digital Creative is one of London’s newest and most exciting sectors. With over 300 companies and employing more than 9,000 people companies like Autodata Solutions, Digital Extremes, and IBM Canada are securing London’s place in economies of the future