What is McMaster Innovation Park (MIP)?Â McMaster University has transformed some brownfields and warehouses into a research park, building on the University’s existing reputation as a research centre of excellence.Â This area and the surrounding area known as the “innovation district” will be the source of many advanced manufacturing research and development jobs to come.Â Just another example of Hamilton’s diversification towards a knowledge based economy and away from traditional manufacturing.Â How many jobs?Â Well you’ll have to wait for my next post where I interview Glen Norton, Director for Downtown and Community Renewal from the Planning and Economic Development Dept. at the City of Hamilton.Â We’ll discuss some of the happenings in and around downtown in terms of job development and in a future post, I’ll share with you which neighbourhoods Glen and his team believe are excellent opportunities for residential real estate investing.
Here’s Glen now talking about Hamilton’s downtown renewal
(note: I will be attending the Hamilton Economic Summit and will be updating YOU my readers in a future post)
Just in case you missed this story, read about the CANMET Materials Technology Laboratory opening its doors in the McMaster Innovation Park here and here is my analysis and summary:
- CANMET will boost the steel, transportation, and energy industries in Hamilton and across Canada.Â Steel industry eh?Â Makes sense they made the move to the Hammer vs staying in Ottawa…
- Building and lab = 157 rooms, 145,000 square feet, $100 million investment
- home to 110 federal employees most of them scientists and technicians (does the government pay well?Â You bet!)
Hope that helps!Â Till next time – happy investing everyone!!
Erwin | MrHamilton.ca
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