Bridgit, a local software developer which caters to residential and commercial builders, understands how the tech boom in Kitchener-Waterloo and the construction industry work together. While the technology industry is driving the need for urban living and new commercial space, a few startups are also working directly with developers. Contractors of big and small developments are using software on the job site, and at Momentum we understand the relationship between the construction and technology industries.
From Bridgit’s blog:
An increase in jobs means an increase in people, leading to greater demand for urban housing. Local developer, Momentum Developments is meeting this demand with a series of new condos, including the One Victoria Condominiums located right beside the Tannery and slated for completion in 2015. “Tech is one of the largest drivers of the region’s economy and has encouraged many skilled people to move to or stay in the area,” says Peter Maxwell, Partner at Momentum Developments. “Our goal is to provide these people with exciting places to live in an urban context.” According to Maxwell, many purchasers of units in One Victoria are those moving from Toronto to Kitchener in order to pursue a new career in the area.
It’s clear that the thriving tech scene in Kitchener-Waterloo is keeping local construction teams busy, but that’s only the tip of how the two industries are working together. In the past few years, several construction-focused tech startups have launched in the region and local developers and general contractors have been quick to welcome the innovation on-site.