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Economy of Sudbury


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After a brief period as a lumber camp, Sudbury’s economy was dominated by the mining industry for much of the 20th century. By the 1970s, Inco employed a quarter of the local workforce. However, in 2006, Inco and Falconbridge were taken over by foreign multinational corporations: Inco was acquired by the Brazilian company Vale, and Falconbridge was purchased by the Swiss company Xstrata. Vale now employs less than 5 per cent of the workforce. By 2006, 80% of Greater Sudbury's labour force was employed in services with 20% remaining in manufacturing. Over 345 mining supply and service companies are located in Sudbury. This includes a number of public and private firms pursuing research and development in new mining technologies such as Mining Innovation Rehabilitation and Applied Research Corporation (MIRARCO), the Northern Centre for Advanced Technology (NORCAT), and the Centre for Excellence in Mining Innovation (CEMI).

While mining has decreased in relative importance, Sudbury’s economy has diversified to establish itself as a major centre of finance, business, tourism, health care, education, government, and science and technology research. Many of these reflect Sudbury’s position as a regional service centre for North-eastern Ontario.

The top employers in Sudbury as of November 2010 include:

Retail businesses in the city has moved outside of the downtown core in the late 20th century and the city has struggles to maintain a vibrant downtown. Projects aimed at revitalizing the downtown core included the creation of Market Square, a farmer's and craft market; the redevelopment of the Rainbow Centre Mall; streetscape beautification projects; and the creation of the Downtown Village Development Corporation, a not-for-profit organization dedicated to business attraction and downtown residential development. Despite these efforts retail is concentrated outside of the downtown core at the New Sudbury Centre, the largest shopping mall
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