Niagara launches visioning process for 10-year Economic Development Strategy
Niagara businesses and community stakeholders are being asked to share their feedback to guide the region to long-term economic health and sustainability. From now until Nov. 12, businesses can take a short online survey to help inform the creation of Niagara’s new 10-year economic development strategy.
The strategy is being developed by Niagara Economic Development in collaboration with local municipal economic development professionals. The survey should take about 15 minutes to complete, and asks respondents to share their views on Niagara’s greatest economic strengths, weaknesses and opportunities, as well as ideas for future economic growth priorities.
Throughout 2020 and 2021, Niagara’s Economic Rapid Response Team completed a series of COVID-19 Business Impact Surveys to gauge the current needs and future priorities of Niagara’s business community. This feedback will be combined with the input generated in this latest engagement process to develop a long-term economic vision for the region.
The visioning process will also include a review of best practices in economic policy development and a consideration of approaches that have been successful in comparable regions. Once completed, the process will result in a dynamic vision for Niagara’s economic prosperity, and a foundation for the 10-year Economic Development Strategy
Phase one of the engagement process will take place from Oct. 14 to Nov. 12. In addition to the online survey, businesses and community stakeholders will also be consulted through direct one-on-one interviews and a series of digital workshops. Phase two will take place in winter 2021, and will include an opportunity for stakeholders to review an initial draft vision, and to ensure their comments and insights have been incorporated appropriately.
Niagara’s vision for the future of its economy will be finalized in early 2022, with the next phase of economic plan development slated for later that year. More information and the online survey can be found at www.niagaracanada.com
"One of Niagara’s greatest strengths is its incredibly diverse and resilient business community. As we begin to create a long-term vision for Niagara’s economic future, the voice of that community must be front and centre. I encourage all Niagara businesses to engage with this process, and I look forward to working with all our local area municipalities as we chart Niagara’s path toward an economy that is healthy, sustainable and adaptable."
~ Jim Bradley, Niagara Regional Chair
"It’s no secret that the past 18 months have posed innumerable challenges for our businesses. Our 10-year economic development strategy needs to ensure businesses are able not only to recover effectively from COVID-19, but also prosper into the future. Niagara’s Economic Development is committed to working in consultation with our stakeholders to make this happen."
~ George Spezza, Director, Niagara Economic Development
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