The shortage of industrial land in Ontario threatens automotive investment and economic and social well-being in that province, according to a new report.
The Trillium Network for Advanced Manufacturing, based in London, Ont., released "Ontario’s Industrial Land Shortage: Why It’s a Problem and What We Can Do About It" on Thursday. It says hundreds of factories have closed in Ontario since the early 2000s.
Report authors Brendan Sweeney and Michael Cox examined 169 factories that closed in Ontario since the mid-2000s. They found 57 per cent of those factories are no longer used for manufacturing, even though 50 per cent — 25 per cent each — were used for auto production and food production before closure.