The Volkswagen buzzes in St. Thomas a bit of competition.
The city that landed a $7-billion electric-vehicle battery plant has also seen major manufacturing investment that has nothing to do with the German automaker, including more than 55,700 square meters (600,000 square feet) of new development on 16 hectares of local industrial land.
“Almost every single industry or every single manufacturer in St. Petersburg is a major factor in the industry. John’s Thomas are in sort of an expansion mode, and we’re looking to adapt as much as we can,” said St. John’s Mayor Schoenstatt. John’s. Thomas, Joe Preston.
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Although the 600,000-square-foot expansion will be dwarfed by the 186,000-square-foot battery plant expected to open in 2027, said Sean of St. John’s Office of Economic Progress. Thomas, adding that there may still be more to come. .
“There’s a lot more potential,” he said. There may only be 1. 5 million square feet (140,000 m²) in total. There’s a lot going on right now.
An announcement Thursday detailed the expansion of Amino North America, a St. John’s based auto parts maker. John. Thomas, as part of the 55,700 meters of new industry, said.
Element5, which manufactures beams and panels used in construction, is also among the local corporations expanding its operations in the new phase of development.
While a figure may not be able to be given for how much progress is being made, “the expansion may simply decrease the overall tax rate over the next few years, which would translate into savings for everyone in the city,” he said.
Preston said last year was record-setting for the number of building permits issued in the city.
“It’s not just about Volkswagen,” Preston said. 2023 will also be one of the most successful years in terms of building permits. “
With the influx of businesses in the city, housing will be a key issue. In November, work broke ground on a 14-story skyscraper with 162 complexes on Talbot Street, which will be the tallest structure in the city.
“There was a time when there were many vacant commercial or production areas in St. Petersburg. John’s. That’s no longer the case,” Preston said. “If you stand anywhere in St. Thomas and look in all 4 directions, whether it’s ‘It’s cranes in the air or high-rent apartments on the market, we haven’t had that in decades. ‘”
Preston said in November that he plans to build more apartment buildings. “If it’s necessary for the mayor to knock on developers’ doors to make this happen, we’ll continue to do that. »
Filomena Tassi, Minister of the Federal Economic Development Agency for Southern Ontario, FedDev Ontario, announced on Thursday the expansion of Amino at its Highbury Avenue South site. Tassi was joined by Peter Fragiskatos, Member of Parliament for London North Centre, and Arielle Kayabaga, Member of Parliament for London West, in attendance.
bwilliams@postmedia. com
@BrianWatLFPress
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