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Earlier this week, I wrote a market snapshot blog on the City of Port Colborne, today I will look more closely at one of the cities industrial parks.The Loyalist Industrial Park is located at the west end of the City. The neighbourhood boundaries include Forks Road West to the north, Omer Avenue and the Welland Canal to the east, Stonebridge Drive to the south, and West Sideroad to the west. West Side road which runs north-south of the property is the major connecting route. The area surrounding the park is predominantly industrial however there are a few residential properties scattered throughout. The Niagara Peninsula Conservation Area also has land north of the park.
Port Colborne Industry Overview
The city is home to over 60 manufacturing businesses and over 60% of it’s workforce is employed through the manufacturing sector. Three major niche markets have emerged within the city: the fabricate metals industry, the bio-foods industry and logistics industry. Industrial incentives are available for certain 'target sectors' through a Industry Community Improvement Plan.
Key Advantages of the Park
Port Colborne is home to first-rate transportation connections, the Loyalist Industrial Park is in a prime location with access to all available options. The city owned and operated rail line runs adjacent to the property and the Welland Canal sits to the east. This allows for industry access to facilities along the canal who handle oversized cargo. This robust transportation network allows local manufacturers to transport products across North America.
The park is home to both small and large facilities and is considered a heavy industrial zone. The park is populated by companies in the bio-food industry, the heavy fabricate industry and the recycling industry. The bio-food industry takes advantage of the parks access to clean water, low cost transportation and local agriculture. With undeveloped land to the north, there is potential for the Loyalist Industrial Park to develop outwards in the future.
While the city is actively seeking investment from industry for the northern greenfield sites, the area is currently considered to be in modest growth. There are no major changes anticipated in the short term. Connect with a Niagara real estate appraiser to determine the opportunities within the Loyalist Industrial Park region. For more information about industrial parks in the Niagara Region, take a look at my previous blogs.
