Industrial growth in the city? ‘The majority of it is reinvestment by companies that have shown that they care about St. Thomas’ – EDC CEO Sean Dyke

All factors considered, “2024 was a pretty good year for St. Thomas.”
That was the assessment of Sean Dyke at the city council meeting this past Monday (June 9).
As CEO of the St. Thomas Economic Development Corp., Dyke is a front-line worker when it comes to the city’s overall fiscal health.
He presented an economic scorecard to council members on Monday, highlighting the EDC’s relatively new vision statement.
“It is to cultivate a community that people fall in love with, where businesses thrive and prosperity blooms.
“It sounds flowery on purpose,” conceded Dylke. “We’re trying to suggest that we’re doing a lot of work behind the scenes to really help people enjoy being here in St. Thomas, whether it’s from a business or residential perspective. Tourism, of course, also.”

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There is no denying the numbers, St. Thomas is where possibilities live

Without a doubt, this is an exciting time to be a resident of St. Thomas.
Exciting that is if you are not averse to change of epic proportions.
And as Sean Dyke, CEO of the St. Thomas Economic Development Corporation pointed out a presentation to city council on May 13, exciting because his organization gets to share “the really good news stories.”
Dyke continued, “I recall being here 15 years ago at the height of a pretty negative time in St. Thomas talking about a lot of businesses that were leaving.
“And, it’s so nice to be here at a time when we can talk about the complete opposite. The strides we’ve taken as a community to push this forward.”
To indicate just how busy the EDC has been, Dyke noted over the past fiscal year ending in March, they have had 856 consultations with different businesses.
From that, 256 new jobs were created in the community, which includes all of Elgin county.

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The City of St. Thomas ‘is at the forefront of this exciting new chapter for southern Ontario’s automotive sector’ – Liberal MP Filomena Tassi

city_scope_logo-cmykSt. Thomas was the recipient of another economic shot in the arm Thursday (Jan. 11) morning as announced by Filomena Tassi, the minister responsible for the Federal Economic Development Agency for Southern Ontario.
“I am pleased to announce that the Government of Canada is investing $2 million in Amino North America to expand its facility here by over 40,000 square feet and add a new manufacturing line to meet the demands for its automotive products across North America.”
The expansion at the Highbury Avenue plant will create and maintain 45 jobs, with construction already underway.
It’s another indicator of the re-industrialization of southwestern Ontario.
That was the observation from London North Centre MP Peter Fragiskatos.

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Ascent sale is finalized, and now ratepayers are waiting for financial disclosure

city_scope_logo-cmykIt was late Friday afternoon when the media release arrived announcing completion of Spark Power’s acquisition of Ascent Solutions Inc., a division of Ascent (formerly St. Thomas Energy).
The pending sale was announced at the beginning of March and involves the Oakville, Ontario firm’s purchase of Tillsonburg-based Tiltran — acquired by Ascent in 2007 — and Belleville operation Tal Trees — acquired in 2009.
Both will operate as members of the Spark Power Group of Companies but function as autonomous, highly integrated operating teams, according to the release.
Tiltran and Tal Trees specialize in constructing and maintaining medium to high voltage substations and power lines, engineering services and equipment sales and offer 24/7 emergency response.
The combined businesses include 53 employees based in the two locations.  Continue reading