Economic Resilence
Strategic Priority: Economic Resilience
Goal: Facilitate the growth of a diversified local economy.
Local jobs and the opportunity to work close to home is a desirable aspect of any community. The County has seen successes in creating new businesses in the community, both by facilitating business expansions and by directly delivering serviced lands to prospective business owners. New and expanding businesses fuel job creation both directly by the new business, and indirectly as other businesses expand to provide services to these new businesses. The agricultural sector employs a significant number of local residents and new niche agribusinesses are allowing small farms to prosper. Also, the municipality gains through tax revenues and development charges when new businesses expand.
Objective 1: Undertake a series of actions to create a more diverse economy, drive new investment, build successful downtown cores, and increase communication and engagement to the business community.
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Action |
Details |
Status |
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Action 1 |
Implement the 2019 Economic Development Strategy and Action Plan, and report annually on the 4 pillars contained in this strategy, these 4 pillars being:
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Implementation ongoing |
Objective 2: Ensure a minimum of 50 acres of Shovel Ready Employment Land is available at any given time.
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Action |
Details |
Status |
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Action 1 |
Complete the Employment Land Needs Study by June of 2020 |
Completed as a component of the new Official Plan. |
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Action 2 |
Through a partnership with the landowner, develop the Brant 403 Business Park East project. |
Continuing work and support with the owners on potential design and servicing options is ongoing. |
Objective 3: Through the implementation of the Economic Development Strategy and Action Plan, create an environment where people can both live and work in the community.
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Action |
Details |
Status |
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Action 1 |
Improve the current “live and work” in the County ratio to 40:60 by the end of 2022. (40% live and work in the County, while 60% live in the County and work outside the County). |
Full accounting of the success of this action cannot be assessed until analysis of the 2021 Census has been completed, but 400 net new jobs have been created since the Strategy began. |