As we look back on 2024, we’re celebrating another year of growth and innovation in Waterloo.
This year’s most-read stories highlight the key accolades and achievements that captured your attention and showcased why Waterloo continues to attract global talent and investment.
Whether you’re considering business expansion, scouting top talent or simply looking for insights or inspiration, these articles reflect some of the many reasons why the Waterloo region continues to show up on short lists – and what sets our ecosystem and community apart.
Here are the stories our readers loved last year – and how they’ll shape what comes next.
1. Waterloo: North America’s #1 Small Tech Talent Market Once Again
Waterloo held its top spot in CBRE’s Scoring Tech Talent 2024 report as North America’s #1 small tech talent market. This is the fourth year in a row that our community has earned this recognition. With a 46% growth in tech jobs over the past five years and the highest growth rates for residents in their 20s and 30s, Waterloo stands out for its talent and quality of life.
This year’s report also introduced a ranking of “Top Markets for Software Engineers,” where Waterloo placed fourth. Combined with affordable costs and a supportive ecosystem, it’s no surprise the region continues to shine. Dig into the data behind Waterloo’s top ranking.
2. 6 Signs Your Business Is Ready for International Expansion
For businesses eyeing international growth, this article offered six clear signs it might be time to expand. From challenges finding local talent to the need for cost-effective solutions, the piece showed how Waterloo can support businesses at every stage.
Expansion can be complex, but our Market Development Managers are here to help with insights and resources to make the process easier. Learn more about Waterloo EDC can support your growth.
3. OVHcloud’s Expansion: A New Chapter in Cloud Innovation
When cloud computing leader OVHcloud announced a CAD $145M investment in a new data centre in Cambridge, it solidified its role in sustainable and secure cloud computing. This facility, located in a former BlackBerry building, demonstrates the region’s appeal to cutting-edge companies.
Later in the year, OVHcloud announced a partnership with the Balsillie School of International Affairs, deepening its integration into the local ecosystem. Discover how OVHcloud is advancing cloud innovation in our region.
In November 2024, OVHcloud announced an exciting partnership with the BSIA, launching a technology governance internship program for graduate students.
4. Taking Your Business International: A Business Expansion Checklist
Expanding internationally can be overwhelming, but this Business Expansion Checklist broke down the key steps. From site selection to finding talent, it provided practical advice for businesses exploring new markets.
If you’re considering Waterloo for your next location, we offer free consultations to help you navigate expansion and find the resources you need. Download the checklist and start planning your expansion.
5. Waterloo: Canada’s Fastest-Growing Community
According to Statistics Canada, Waterloo is now the fastest-growing community in the country with a growth rate of 6.15%. This rapid population increase is driven by skilled professionals, students and businesses attracted to what the region has to offer.
As the community grows, so do its investments in transit, housing and infrastructure to ensure it remains a great place to live and work. Explore the story behind our community’s growth.
6. The World’s Best and Biggest Tech Schools: 2024
The University of Waterloo (UWaterloo) continues to rank among the world’s top computer science schools in the QS World University Rankings. With nearly 5,400 students enrolled in tech-related programs, it offers a talent pool unmatched by many of its peers.
UWaterloo’s focus on entrepreneurship and co-op programs makes it a standout choice for employers and a key driver of the region’s tech ecosystem. Read more about UWaterloo’s global success.
7. Westinghouse Opens Global Engineering Hub
Westinghouse opened a new global engineering hub in Kitchener in 2024, creating 100 new jobs focused on nuclear energy innovation in the region. This move affirms the region’s ability to support clean energy technologies and advanced engineering projects.
With proximity to top talent and leading post-secondary institutions like the University of Waterloo, Westinghouse’s expansion emphasizes the strength of the Waterloo ecosystem. Discover how Westinghouse is inventing the future of nuclear energy in Waterloo.
The official ribbon-cutting ceremony. From left: David Tanel, VP Sales, Westinghouse; John Yackabuski, Parliamentary Assistant to Ontario Minister of Energy; Mayor Berry Vrbanovic, City of Kitchener; Tony LaMantia, President & CEO, Waterloo EDC; Luca Oriani, Senior Vice-President, Global Chief Engineering Officer, Westinghouse; Minister Vic Fedeli, Minister of Economic Development, Job Creation and Trade; Patrick Fragman, CEO & President, Westinghouse.
8. Spotlight on Kitchener: A Vibrant Tech Community
Kitchener, the region’s largest city, combines a strong innovation ecosystem with a growing urban landscape. Home to global brands like Google and local successes like ApplyBoard and Vidyard, it’s a welcoming hub for business and talent.
This article was part of our Region Spotlight Series, which offers a virtual tour of all seven communities in the Waterloo region. Check out the full series for a closer look.
9. 6 Major Auto Manufacturers That Call Canada Home
From Toyota’s hybrid production in Cambridge to Volkswagen’s EV gigafactory in St. Thomas, Canada’s automotive industry is picking up speed. This article explored how the sector’s growth is supported by strong talent, advanced R&D and a robust supply chain.
Waterloo plays a key role in this ecosystem, attracting global leaders and driving innovation in sustainable automotive technology – most recently welcoming Mercedes-Benz into the region through its partnership with OVIN. Discover why Waterloo is a top choice for the automotive industry.
10. The Toronto-Waterloo Corridor: A Manufacturing Magnet
The Toronto-Waterloo Corridor is home to a thriving manufacturing industry, supported by 450,000 workers and a $370B economy. Companies in automotive, aerospace, robotics and other future-focused industries have established a presence here.
This article is part of a three-part series exploring the Corridor’s strengths in tech, auto and manufacturing. See why the Corridor is a top choice for manufacturers.
What’s next?
These stories you loved last year exemplify how Waterloo continues to grow, innovate and inspire. This is just a sample of the many exciting success stories that came out of our community. You can browse the rest in our monthly news wrap-ups, which we’ll continue to deliver in 2025.
As you plan for the year ahead, make sure to stay connected to the tech and business news that matters to you. Don’t miss a moment – subscribe today.