Windsor Area's Economic Success
This is a Canada news story, published by windsorstar, that relates primarily to Invest WindsorEssex news.
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Invest WindsorEssexwindsorstar
•Business
Business & Economics
How Canada Wins: Invest WindsorEssex key to building pathway to ‘generational’ prosperity

73% Informative
Invest WindsorEssex is the area’s economic development organization responsible for investment attraction, retention and expansion of existing businesses.
LG Energy Solution and Stellantis announced they had selected Windsor to host Canada 's first electric vehicle battery plant in March 2022 .
The Conference Board of Canada forecast Windsor and Essex County would experience the highest GDP per-capita growth in the country over the next four years .
The region has never experienced the volume of investment — especially foreign direct investment — it has seen since 2022 .
Windsor-area population has ballooned by 38,400 people since January 2022 .
The region has seen new condo/apartment and housing subdivisions sprout up to accommodate the new residents.
IWE will target more diversification, improving productivity and leveraging the area’s world-class agriculture and advanced manufacturing sectors.
Goncalves added the diversification focus will be on food and beverage processing, defence and medical devices.
“Defence spending is expanding right now and we plan a big push on food processing and agriculture,” he said. “Food processing is sustainable because people always need food no matter the economic situation.”.
VR Score
78
Informative language
77
Neutral language
53
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semi-formal
Language
English
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54
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Attention-grabbing headline
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External references
10
Source diversity
7