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According to statistics Canada, the City has 11,726 businesses in all sectors, which is a 7.3% increase from 2015.
Small businesses (with 9 or fewer employees) employ about 70% of the labour force.
Cambridge's labour force is categorized within the Kitchener-Cambridge-Waterloo CMA (Census Metropolitan Area) for reporting purposes for unemployment data. Cambridge's unemployment rate is typically under that of the provincial and national values.
Cambridge's economic base is diversified with strengths in manufacturing, automotive, textiles, plastics, agrifood and the technology sectors.
A consumer market of over 500,000 people live and work in the region, with a labour pool of over 296,000.
| Major employers in Cambridge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Cambridge is the home of several international and nationally recognized industries. The following list indicates the major employers in Cambridge
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| Labour force characteristics | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| View Statistics Canada Labour force characteristics for more information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Economic performance is also reflected in construction activity. Building Permit construction values reflect this activity and are summarized in the table below. The figures show a healthy balance of activity and solid growth in all four sectors. The average annual construction value activity of over the past ten years is $244 million.
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| Cambridge industrial parks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The City of Cambridge is actively involved in promoting industrial growth through the development of industrial subdivisions and the sale of land. Overall Cambridge has approximately 33 million square feet of industrial space on more than 2500 acres of industrial land. Cambridge has developed three Business Parks in the city
The City's newest industrial subdivision Boxwood Business Campus was complete in 2014 and created 109 acres of serviced industrial land. Other areas recently developed include the Maple Grove Industrial Subdivision, a 175-acre expansion completed in 2002 in the Cambridge Business Park; and the Pinebush Industrial Subdivision, a 108-acre extension of the L.G. Lovell Park completed in 2001 and Pinebush Phase 2 which provided an additional 22 serviced lots (58 acres) in 2006. |
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History of city owned industrial land sales |
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In the 1990's, 245 acres of city-owned land were sold for industrial development, and from 2000 onwards nearly 700 acres have been sold. A summary of the history of City-owned industrial land sales is shown in the following table:
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