Text Size: A A
Invest Sault Ste. Marie

Foreign Direct Investment

Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country, such as ownership or controlling interest in a foreign company. 

Sault Ste. Marie proudly hosts a number of foreign-owned businesses, and the community embraces these companies with open arms.

These businesses receive the full support of City Council and staff, senior levels of government, the Sault Ste. Marie Economic Development Corporation and the community at large. With this support and the competitive advantages found here, these international companies have thrived in Sault Ste. Marie.

Success stories include:

  • India-based Essar Group purchased Algoma Steel in 2007 ($1.63 billion purchase + $500 million investment) and operated the mill as Essar Steel Algoma until 2018.
  • KKR & Company, is an American multinational private equity firm that purchased the 60-megawatt solar farms project in Sault Ste. Marie from Starwood Energy Group ($300 million investment)
  • Brookfield Prince Windmill Project ($400 million investment).
  • Tenaris Algoma Tubes, a manufacturer of seamless and welded steel pipe products, is owned by a conglomerate with ties to Argentina, Italy and Luxemburg ($30 million investment).
  • Heliene Canada, a manufacturer of photovoltaic solar panels that began operating thanks to a partnership between Helios Energy Europe and Canadian entrepreneurs ($6.5 million investment).
  • Sutherland Global Services, a multinational company that employs 30,000 people worldwide in 10 countries, operated a business-process outsourcing (BPO) centre in Sault Ste. Marie from 2004-2019.
  • Arauco N.A., a leading global manufacturer of premium composite panels, plywood and other forest products, took over operations of  the Flakeboard medium density fibreboard mill (following the $242 million purchase of Flakeboard company).
  • Agero, operates a contact centre in Sault Ste. Marie, providing roadside assistance services on behalf of major U.S. car manufacturers 

Building Partnerships

Building partnerships between local businesses and the global market is crucial, particularly during challenging economic times when companies may have to find a new customer base to stay afloat and prosper.

For this reason, the Sault Ste. Marie Economic Development Corporation focuses much attention on fostering international relationships, global logistics and regional partnerships. Its International Relations & Global Logistics Strategy consists of the following goals:

  • Generating and developing international relations, including the pursuit of a Global Transportation Gateway designation
  • Enhancing global logistics for business-to-business economic development opportunities
  • Establishing and maintaining sister-city arrangements/agreements and developing regional partnerships with Ontario's North Economic Development Corporation (ONEDC) and the Michigan Upper Peninsula Economic Development Network
  • Creating import/export-related business and economic growth opportunities, including the development of inbound and outbound trade and exploratory missions
  • Responding as the contact for new clients with a specific need/interest in international export/import trade matters, including global logistics

Welcome to Sault Ste. Marie

Welcome to Sault Ste. Marie is what we look forward to saying to you. Please contact Nevin Buconjic, Manager of Trade & Investment at 1-705-759-5928 or n.buconjic@ssmedc.ca to find out how Sault Ste. Marie makes sense for your company's operations. In the meantime, to learn more about our community please visit www.welcometossm.com

Immigration and New Comer Programs

Immigration, Refugees and Citizenship Canada facilitates the arrival of immigrants, provides protection to refugees, and offers programming to help newcomers settle in Canada. To learn more about the different pathways for immigration to Canada, please visit https://www.canada.ca/en/immigration-refugees-citizenship.html

Below are several immigration programs available, as well as newcomer programs in Sault Ste. Marie that provide settlement services. 

Ontario Immigrant Nominee Program - Entrepreneur Stream

This stream is for entrepreneurs from outside of Canada interested in starting a new business or buying an existing business in Ontario. It gives an entrepreneur (and up to one foreign national business partner) the opportunity to be nominated for permanent residence once their business has been established in Ontario.

For more information visit: https://www.ontario.ca/page/oinp-entrepreneur-stream

Rural and Northern Immigration Pilot Program

Sault Ste. Marie, Ontario was recently selected as one of 9 communities across Canada to participate in the Rural and Northern Immigration Pilot Project (RNIPP). Details are still unfolding, however, applications for permanent residents will begin in Fall 2019. For more information, please visit: https://welcometossm.com/rnip/

Newcomer Services

Sault Ste. Marie is a welcoming community, with established newcomer settlement services available. Through agencies such as the Sault Community Career Centre, newcomers can easily access the following services:

Settlement Services

  • Solutions-based counseling for newcomers seeking settlement and employment support
  • Individual and family needs assessment, goal setting, and referrals
  • Support for internationally-trained professionals navigating accreditation and licensure in Ontario
  • Information about your rights and entitlements as a new resident of Ontario and Canada
  • Assistance in filling out forms and applications
  • Help in finding programs and services within the community
  • Aid in developing personal and community relationships and resources
  • Advice, support and advocacy to deal with the effects of migration, culture shock, and other stresses of adjusting to life in Canada
  • English language assessment and training for eligible clients

Resettlement Assistance Program for Refugees

The Resettlement Assistance Program (RAP) provides immediate and essential support to Government-Assisted Refugees (GARs) who are selected overseas on the basis of their need for protection through Canada’s Refugee and Humanitarian Resettlement Program. RAP, which is separate from the Settlement Program, provides a bridge to mainstream settlement and integration services that are available to all newcomers.

Language Instruction for Newcomers to Canada (LINC)

LINC is a free language training program for eligible adult learners. We help newcomers learn effective English communication skills needed to live and work in Canada. Our certified instructors use everyday tasks and real-world examples. Using the Canadian Language Benchmarks, we teach from levels Literacy to CLB 5.

Visit www.saultcareercentre.ca for more details.

To learn more about relocating or immigrating to Sault Ste. Marie, also visit www.discoverthesault.ca