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Sault Ste. Marie, Ontario: Economic development in the 21st Century

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  1. Introduction
  2. Historical economic geography
  3. Contemporary community demographic and economic profile
  4. Current economic development initiatives
  5. Concluding remarks
  6. References
  7. Appendices

Sault Ste. Marie, Ontario, is located on the St. Marys River in Ontario, Canada, across from Sault Ste. Marie, Michigan, in the United States [Figure 1]. With a population of 74,945 [Statistics Canada, 2009], it is the third largest city in Northern Ontario after Sudbury and Thunder Bay. Historically founded by French Jesuits in 1668, and operated as a fur-trading outpost, the city has since focused its economy on steel-manufacturing and, to a lesser extent, the forestry industry; telecommunications call centers, and the Ontario Lottery and Gaming Corporation (OLG). The largest employer in the municipality, Essar Steel Algoma Inc., employs some 3,500 people and has undergone significant shifts from boom to bust to recovery [Essar Steel, 2009]. Its recent sale to the Essar Group (India) in June 2007 for $1.6 billion is largely related to the significant demand for steel in China which caused a rebound in the global market price of the product. Recently, the city has sought to diversity its economy in order to secure long-term population and business growth not contingent upon the steel-manufacturing industry or natural resource exploitation.

[...] Otherwise, Sault Ste. Marie could become another Britannia Beach, B. C. References Bridge, G. (2002). ?Grounding Globalization: The Prospects and Perils of Linking Economic Processes of Globalization to Environmental Outcomes,? Economic Geography, 361-386. Clarkson, S. Multi-Level State: Canada in the Semi-Periphery of Both Continentalism and Globalization,? Review of International Political Economy, 501-527. Community Development Corporation. ?Sault Ste. Marie's Economic Diversification Strategy,? Accessed on 6 May . Essar Steel Algoma Inc. (2009). ?Canada Steel Complex.? Corporate website. Accessed on 6 May . [...]

[...] The lack of concern for environmental factors in targeting development and investment in Sault Ste. Marie was a disturbing feature of the material, as extensive exposure to industrial waste and pollutants contain negative impacts on the natural ecology, and animal and human health. In fact, their zealous willingness for foreign investment, and business development should be tampered against the potential for industrial runoff. Unless, of course, the city has no plans on occupying the land after its industrial tenants depart. [...]

[...] Marie will engage in outreach efforts to domestic and new international markets by performing deconomic development activities with the public and private sector in attracting investment, job creation (retention) and an increase in the municipal tax base? [SSM Economic Development Corporation, 2009]. To fulfill these requirements, the city is targeting its development growth toward creating a globally competitive economy focused on primary industries. These include: manufacturing, steel, forest products, bio- industry, energy, transportation, information technology, education, health care, and information technology. It is anticipated that their investment attraction will focus on targeted international markets [SSM Economic Development Corporation, 2009] Current Economic Development Initiatives The Destiny plan for economic development in Sault Ste. [...]

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