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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A Brantford development firm has become a solid St. Thomas supporter

city_scope_logo-cmykVicano Developments this week closed a deal to purchase 67 acres of industrial land on the southeast corner of Highbury Avenue and Ron McNeil Line, adjacent to the city’s new 1,500-acre industrial park, now known as Yarmouth Yards.
Vice-president Paul Vicano says they are working with Whitney and Company of Cambridge to find tenants for the site.
“This was the kick-off to our leasing campaign with Whitney, our listing team, to look for a tenant for either a single-use building or smaller tenants of multiple units or buildings.”
Space is available up to 1.4 million square feet for one large operation.
Sister company Vicano Construction was involved in building the city’s social services and housing hub at 230 Talbot Street.

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