Major Employers

Thunder Bay's Diversified Economy

Traditional sectors for Thunder Bay include raw materials (specifically forestry and mining), as well as manufacturing. While these industries remain strong, Thunder Bay's economy has been diversifying and providing opportunities for new businesses, big and small.

Globally Recognized Companies with Locations in Thunder Bay
 Logo  Employer  Business Info
 Thunder Bay Regional Health Sciences Centre logo Thunder Bay Regional Health Sciences Centre  Acute Health Care Hospital (2,842 employees)
 St. Joseph's Care Group logo St. Joseph's Care Group Complex Care, Rehabilitation, Mental Health & Addiction, Services, Long Term Care (2,150 employees)
 Lakehead University logo Lakehead University Post-Secondary Education & Training (2,100 employees)
 Bombardier Transportation logo Bombardier Transportation Mass Transportation Equipment Manufacturing (1,100 employees)
 Confederation College logo Confederation College Post-Secondary Education & Training (785 employees)
 Resolute Forest Products logo Resolute Forest Products Pulp & Paper Mill + Sawmill (642 employees)
 Barrick logo Barrick Mining (700 employees)
 Valmet Forward logo Valmet Forward Mining (30 employees)
 Haveman Brothers logo Haveman Brothers Mining (50-200 employees)
 NAP ALLDIUM logo NAP ALLDIUM Mining (600 employees)
 Taranis Contracting Group logo Taranis Contracting Group Construction / Mining
 Manroc logo Manroc Mining
 Premier Gold Mines Ltd logo Premier Gold Mines Ltd Mining
 Goldcorp logo Goldcorp Mining
 Venshore Mechanical Venshore Mechanical Manufacturing
 cg labs logo cg labs Biotech & Medical Lab
 AGAT Laboratories logo AGAT Laboratories Biotech & Medical Lab
 Radialis Medical logo Radialis Medical Biotech & Medical Lab
 Public Health Ontario logo Public Health Ontario Medical
 Thunder Bay Regional Research Institute logo Thunder Bay Regional Research Institute Medical Research (2,824 employees)
 Centre for Applied Health Research logo Centre for Applied Health Research Medical Research
 Thunder Bay Regional Cancer Care logo Thunder Bay Regional Cancer Care Cancer Care and Research
 Taranis Training logo Taranis Training Training
 Novocentre logo Novocentre Training
 Trendline Consulting Services logo Trendline Consulting Services Training
 Northwest Training and Development logo Northwest Training and Development Training
 Dingwell's logo Dingwell's Manufacturing
 Parmalet logo Parmalet Food and Beverage Manufacturing

By diversifying our economy, the city of Thunder Bay has a greater ability to weather economic swings. (Source: The Conference Board of Canada Report 2015). This diversified economy also makes it easier for new companies to attract and retain employees. The economy has been experiencing job growth of 3.6% and this growth is expected to continue.

Knowledge Sector

Chemist in labThunder Bay is now home to a strong knowledge sector thanks to innovation in Health Sciences and a growing Information and Communication Technologies sector, supported by an excellent communication infrastructure. The Northern Ontario Medical School was created in 2005 and is Canada's newest medical school. Thunder Bay Regional Research Institute has been recognized for its high standard of excellence in image based diagnostic technologies and a number of world class experts, working in such areas as mitochondrial DNA, genetic DNA analysis, cancer research and development, have been attracted to the community.

Mining and Extraction

Goldcorp operations centreWith the Ring of Fire, the mining sector has also seen tremendous development and is forecasted to continue to expand in Thunder Bay. The mineral resource in the Ring of Fire exceeds 300 million tonnes of ore grade chromite. Chromite is typically smelted to ferrochrome, a key ingredient in stainless steel production.

Mineral exploration is led by Noront Resources in the McFauld's Lake area (north of the chromite deposits). Marten Falls First Nation has hired AECOM to conduct technical studies feeding an environmental assessment process for a future all season road from Greenstone to Marten Fall FN. Webequie First Nation has engaged consultants to start the process of road planning for a Webequie to Ring of Fire deposits road.

 

For additional information please contact the Development Officer at (807) 625-3960 or visit our Contact Us page.

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