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Economy on an upswing.


The four-laning of Highway 400 has had a "substantial impact" in boosting the economy and improving infrastructure for the Georgian Bay Georgian Bay, large northeastern extension of Lake Huron, S Ont., Canada, separated from Lake Huron by Manitoulin Island and by the Bruce Peninsula; Lucas Channel is its chief connection with Lake Huron.  resort Town of Parry Sound Parry Sound, town (1991 pop. 6,125), S Ont., Canada, on Parry Sound, an inlet of Georgian Bay of Lake Huron. It is an active port and the center of a popular vacation area. .

A highway power shopping centre has been developed at the 400-Bowes Street interchange, featuring a 72,000-square-foot Wal-Mart and two smaller outlets, with plans and property acquisition for a Phase 2 component now underway.

Highway improvements have also boosted the exposure of the Parry Sound Area Municipal Airport Parry Sound Area Municipal Airport, (IATA: YPD, TC LID: CNK4), is located 12 nautical miles (22.2 km) southeast of Parry Sound, Ontario Canada. See also
  • List of airports in the Parry Sound area
References
, adding more greenfield property to develop due to the road realignment re·a·lign  
tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns
1. To put back into proper order or alignment.

2. To make new groupings of or working arrangements between.
. A new airport commission has hired a full-time general manager for the first time.

"There is very much a renewed enthusiasm from the commission," says Bill Spinney spin·ney  
n. pl. spin·neys Chiefly British
A small grove; a copse.



[Obsolete French espinoi, from Old French espinei, thorny place, from Vulgar Latin
, general manager of Parry Sound Area Community Business and Development Centre.

Found Aircraft Canada Inc., the highly successful manufacturer of the Bush Hawk light utility aircraft, employs 65 people at the airport and there is prospective interest from a couple of other light manufacturers, plus proposals for a restaurant and hotel on the airport property.

Another developer has plans to build a Husky Oil truck stop near the Parry Sound Area Industrial Park.

The industrial park features 1,000 acres of property, half of which are water/sewer serviced. Light industrial tenants, such a diesel hydraulics hydraulics, branch of engineering concerned mainly with moving liquids. The term is applied commonly to the study of the mechanical properties of water, other liquids, and even gases when the effects of compressibility are small.  service centre, reside in the park.

RELATED ARTICLE: Town of Parry Sound

Quick facts

* Population -- 6,124

www.town.parry-sound.on.ca

* Location -- 200 kilometres north of Toronto

* Main industry -- Tourism

Target growth areas

* Tourism

* Light manufacturing

* Environmentally friendly-type businesses

Developments for 2005

* $15-M retail development, including Wal-Mart, with further development proposed

* $53.1-M West Parry Sound Health Centre

* $15-M waterfront project

Taxes--2004 municipal tax rates

* commercial occupied -- .02626387

* industrial occupied -- .02328573

Real estate

* Average cost of 4-bedroom executive house -- $289,000

Top 5 private employers

* Canadian Tire Canadian Tire (TSX: CTC, CTC.A) is one of Canada's 35 largest publicly traded companies and operates an inter-related network of businesses engaged in retailing (hardgoods, apparel and petroleum) and services (financial and automotive). , retail, 80 employees

* Shaw-Almex Industries, manufacturing, 75 employees

* Sobeys, retail, 60-175 employees

* Sel Kirk Canada Corp., manufacturer, 60 employees

* A & P Food Stores, retail, 60 employees

Source: Statistics Canada, www.2ontario.com, Parry Sound EDC EDC

See: Export Development Corp.
 
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Title Annotation:COMMUNITIES OF THE NORTH
Author:Ross, Ian
Publication:Northern Ontario Business
Geographic Code:1CONT
Date:Jan 1, 2005
Words:331
Previous Article:City's strategy bears fruit.(COMMUNITIES OF THE NORTH)
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