Invest Windsor-Essex is celebrating a record-breaking year after helping to land over $8-billion worth of investment in the region in 2022.
President and CEO Stephen MacKenzie indicated it will be hard to top that, but they are already looking at about $1-billion of investment in 2023.
"If things continue on this current track, we get some certainty on [the Stellantis/ LG battery plant], I'm quite confident we're going to sign at least another billion dollars worth of deals between now and the end of the year," said MacKenzie.
Last year's investments from new and existing companies are expected to create around 4,900 direct jobs.
"We're very close on another billion dollars of investments, and the number of jobs with that, another 1,000, mostly in manufacturing again," said MacKenzie. "We're in a period of unprecedented growth."
MacKenzie noted there has been uncertainty these last three weeks while the region waits to hear about the final deal with Stellantis. However, he says most companies understand the negotiation process and have not walked away from the region.
The full Invest Windsor Essex annual report can be found here.