It was merely just a decade ago when Hamilton was known mostly as a steel town, even as the steel industry was slowing down and closing down factory after factory, which led to Hamiltonians without work or an identity. With a crumbling downtown core, inexpensive real estate combined with Hamilton's desire to attract business within the downtown core with the Business Improvement Area (BIA) things are looking up.
As the steel industry in #HamOnt slowly fades into the sunset and technology focused businesses become a key predominant industry in Hamilton, the emphasis on creating a healthy business environment for small businesses has never been so great in the city of Hamilton. All of this brings up the importance of business incubators within the city of Hamilton which were built to keep local talent in Hamilton, as well as drive talent over from various other city's.
Hamilton's business community is expanding daily, from the arts, culture, food and tech startups, #HamOnt is flourishing and garnering a great amount of attention within the Southern Ontario region due to affordable real estate and a thriving business community. It is a necessity for the Hamilton community to make sure it can attract and keep startups and small business from not only Toronto but Kitchener-Waterloo and London. With the revival of the downtown core, especially James Street, Hamilton’s business incubators such as McMaster Innovation Park and the Hamilton Technology Centre are of vast importance to our community, as they help drive the local economy.