High Growth Firms and Clusters
Report Highlights
- Over half (55%) of all high growth firms are located within just 13 local clusters
- 58.3% of all aerospace HGFs are in just four clusters (Montreal, Winnipeg, Toronto, Halifax)
- 54.6% of all bio-pharma HGFs are in just five clusters (Quebec City, Montreal, Toronto, Guelph, Vancouver)
- 51.5% of ICT HGFs are in just four clusters (Montreal, Ottawa-Gatineau, Toronto, Kitchener-Waterloo)
- Employment in HGF situated in clusters grew by an average of 467% between 2006 and 2011 as opposed to average growth of 202% for HGFs not situated in clusters
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