Economy of Waterloo and Kitchener

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 1067

Document Outline

Waterloo and Kitchener are cities in the Ontario, Canada. These two cities are adjacent to each other and sometimes collectively known as “Kitchener-Waterloo” but they have separate city governments


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Waterloo and Kitchener are cities in the Ontario, Canada. These two cities are adjacent to each other and sometimes collectively known as “Kitchener-Waterloo” but they have separate city governments. Waterloo economy is based on the knowledge and service share. Economy relies on financial institutions, Manufacturing and technology sector along with universities in the area. The three big think tanks are based in the area, which are ‘institute of theoretical physics’, ‘institute of quantum computing’ and ‘international governance innovation’. There are number of technology companies in the area as well as insurance companies in the area. (Conteh, 2013)
The three largest employee of the area are Manulife financial, university of waterloo as well as sun life financial. The population of waterloo is 198,780 with 80% of the population is based on white. The median household income in $67,150 along with average value of dwelling is $324,837. The education level in the area is high and nearly 22000 students in the area came from university of waterloo and Wilfred University in the area. Waterloo have lowest unemployment rate in the area at 6.6% and total workforce in the area exceed by 63000. ( City of Waterloo, 2013)
Kitchener have population of 219,153 and largest municipality in Grand River watershed. The economy of Kitchener is based manufacturing and industrial factor of the city. Recently city has reduced its reliance on manufacturing and there is unemployment in the area. Four big business parks in the area are Grand River west business park, Huron Business Park, Bridgeport Business Park as well as corporate business park. The economy has diversified over the years from manufacturing cluster and now digital media as well as health clusters are emerging in the city. 

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