Sault Ste. Marie, Ontario: Economic development in the 21st Century
Summary :
Table of Contents
- Introduction
- Historical economic geography
- Contemporary community demographic and economic profile
- Current economic development initiatives
- Concluding remarks
- References
- Appendices
Abstract
sault ste. marie, ontario, is located on the St. Marys River in ontario, Canada, across from sault ste. marie, Michigan, in the United States [Figure 1]. With a population of 74,945 [Statistics Canada, 2009], it is the third largest city in Northern ontario after Sudbury and Thunder Bay. Historically founded by French Jesuits in 1668, and operated as a fur-trading outpost, the city has since focused its economy on steel-manufacturing and, to a lesser extent, the forestry industry; telecommunications call centers, and the ontario Lottery and Gaming Corporation (OLG). The largest employer in the municipality, Essar Steel Algoma Inc., employs some 3,500 people and has undergone significant shifts from boom to bust to recovery [Essar Steel, 2009]. Its recent sale to the Essar Group (India) in June 2007 for $1.6 billion is largely related to the significant demand for steel in China which caused a rebound in the global market price of the product. Recently, the city has sought to diversity its economy in order to secure long-term population and business growth not contingent upon the steel-manufacturing industry or natural resource exploitation.
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