The business base of a community is an important criterion for any company examining location alternatives. Waterloo ranks high in most aspects including: manufacturing diversification, workforce capability, employment levels, high education, average hours worked, wage and salary rates, cost of living, responsive City government, low level of union activity and value added by manufacturing.
The City of Waterloo has a strong financial services and insurance sector, sometimes referred to as "Hartford North", a significant high technology sector and diversified manufacturing base, with total businesses numbering over 2200.
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