Oshawa started as a small trading post and grew rapidly in the late 19th century due to the railway and the McLaughlin Carriage Company, which evolved into General Motors Canada and was the city’s biggest employer for many years. However, the city has now shifted towards a more diversified economy. To succeed in Oshawa’s business landscape, it’s important to create a comprehensive business plan that takes advantage of the available opportunities.

Automotive

The automotive industry in Oshawa has undergone major changes, with General Motors shifting its focus to electric and autonomous vehicles, resulting in the closure of its Oshawa plant. However, the recent return of truck production to Oshawa has provided a significant boost to Canada’s automotive sector, creating 2,600 new jobs to support three shifts of production and supporting thousands of additional jobs in the Canadian supplier base. If you’re starting a business in Oshawa, Ontario, the thriving automotive industry can be an excellent opportunity to tap into.

Healthcare

Oshawa’s healthcare sector is growing, with hospitals, clinics, and medical facilities offering a range of services, including primary and specialty care. As a significant employer, the healthcare sector provides job opportunities for a range of healthcare professionals and support staff. This sector is expected to keep growing, offering opportunities for entrepreneurs in the healthcare field. We can support entrepreneurs by offering funding and a creative environment for innovation.

Education

The city of Oshawa has post-secondary institutions like UOIT and Durham College. UOIT provides programs in fields like business, engineering, and health sciences, while Durham College offers programs in business, healthcare, and engineering. The education sector is a significant employer for staff and attracts students from the region and beyond, contributing to the city’s economy. If you’re interested in starting an education-based business, Oshawa offers an ideal environment to thrive.

Retail

Are you a business owner looking to expand your retail startup? Look no further than Oshawa, Ontario. The city offers a diverse retail sector with several shopping centers, including the renowned Oshawa Centre. Not only does this industry cater to consumers, but it also provides job opportunities for sales associates, managers, and support staff. Additionally, Oshawa’s strategic location in the Greater Toronto Area makes it an attractive destination for retailers seeking to grow their presence in the region.