Investment in Niagara saw a “serious surge” during the summer months, despite the economic toll of the COVID-19 pandemic, says Niagara’s planning and development commissioner, Rino Mostacci.
“Things are actually looking up quite positively coming out of the pandemic, particularly with respect to development volumes,” Mostacci said. “In fact, our August numbers for this year are better than August from last year.”
He told members of Niagara Region’s planning and economic development committee Wednesday in the months since the pandemic hit in the spring “there’s been a very serious surge in development activity and interest in the region since the beginning of the summer.”
Niagara Economic Development research and analysis manager Blake Landry said investment levels were not what he expected to see when he began analyzing data.