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Vaughan Economic Development

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Vaughan is located in one of Canada’s largest industrial markets and is the largest economy in York Region, accounting for nearly 40 per cent of the Region’s Economic output in 2021. With an educated and talented workforce of more than 236,000 people, Vaughan has the resources, networks and transportation connections to help businesses of all sizes grow, with multimodal connections to downtown Toronto, the Greater Toronto and Hamilton Area (GTHA), and Canadian and international markets. 

Vaughan is ambitious and transformative, with significant city-building initiatives underway, such as the Vaughan Metropolitan Centre (VMC), the Vaughan Healthcare Centre Precinct (VHCP) and the Vaughan Enterprise Zone (VEZ), which are advancing economic opportunities for businesses of all sizes.  The Vaughan Healthcare Centre Precinct is a city-led initiative to develop the lands surrounding the Cortelluci Vaughan Hospital, Canada’s first smart hospital, into a world-class destination for health innovation. This development is generating significant opportunities for ambitious companies in the health technology and life sciences sectors to connect with the next generation of talent, researchers and healthcare providers.

Creating the right environment to help businesses and professionals unleash their full potential is a top priority. The City’s Economic Development department is the go-to source for insight on Vaughan’s economic community, as well as offering invaluable planning advice, access to industry experts, and workshops to help aspiring entrepreneurs and existing business owners.  

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