Economic Development Plan. March 29, 2016

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1 Economic Development Plan March 29, 2016

2 Introduction 2 West Lincoln Economic Development Plan Findings & Issues Report Strategic Priorities Economic Plan Goals, Action Plan Performance Measures Why Focus on Economic Development?

3 Agenda 3 Strategic Planning Process Strategic Priorities Vision, Mission Goals & Related Actions Critical Actions Performance Measures

4 The Strategic Planning Process 4 Situation Analysis Stakeholder Consultation Strategy Development Action & Implementation

5 Strategic Priorities 5 Economic Development Capacity Ensuring West Lincoln has the human and financial resources to address the economic development challenge Diversified Economy Creating a balanced and resilient economic base Infrastructure Strategic investments to support business needs Community Development Building Relationships Encouraging community engagement and growth Establishing supportive networks and partnerships Leveraging areas of mutual interest Marketing Developing a shared economic development vision Sharing the West Lincoln story

business needs Community Development Building Relationships Encouraging community engagement and growth Establishing supportive networks

6 The Strategic Plan 6 Vision Mission Goal Goal Objective Objective Action Action Action Action Action Action

7 Economic Development Vision 7 West Lincoln enjoys a thriving, diversified economy with a balanced supply of workers and jobs. The Township proactively supports business and attracts investment in cooperation with the business community and its economic development partners. Residents and businesses are engaged and connected to their community. Image: Volodin Anton from Noun Project

The Township proactively supports business and attracts investment in cooperation with the

8 Economic Development Mission 8 To develop a diversified economy through strategic action, collaboration and community engagement. Image: Moriah Rich from Noun Project

9 Goals 9 1 A Proactive Economic Development Program 2 A Balanced and Resilient Economic Base 3 Infrastructure to Support Business Needs Image: Noun Project

10 Goals 10 4 An Engaged and Growing Community 5 A Shared Vision 6 Collaboration with Partners and Stakeholders. Image: Gerald Wildmoser from Noun Project

11 1. A Proactive Economic Development Program 11 Allocate the human and financial resources to implement the economic development plan. Invest at levels comparable to similarly sized municipalities Expand role and training for municipal leaders Access economic development funding Explore alternative operation models

Invest at levels comparable to similarly sized municipalities Expand role and

12 2 A Balanced and Resilient Economic Base 12 Establish programs and activities to encourage business retention, expansion and attraction in a range of industry sectors and business sizes. Resources and services for entrepreneurs Business retention and expansion program Home based business supports, network Workforce strategy Agri-business plan Regional tourism Share data and investment opportunities

Resources and services for entrepreneurs Business retention and expansion program Home based

3 Infrastructure to Support Business Needs 13 Develop and manage the infrastructure required to attract and retain a broad range of investment.

13 3 Infrastructure to Support Business Needs 13 Develop and manage the infrastructure required to attract and retain a broad range of investment. Services in Smithville Industrial Park Address West Lincoln elements of Niagara 2041 Plan for potential reuse of Smithville elementary schools Initiate Incubator centre Detail and leverage key regional infrastructure for businesses Develop priorities and funding proposals from 2013 Asset Management Report

Services in Smithville Industrial Park Address West Lincoln elements of Niagara 2041 Plan for potential reuse of

4 An Engaged and Growing Community 14 Community development initiatives that create a supportive environment for resident and business attraction and retention efforts.

14 4 An Engaged and Growing Community 14 Community development initiatives that create a supportive environment for resident and business attraction and retention efforts. Host annual community development forums Establish a community development fund Identify champions for community development actions Create a community focal point in Downtown Smithville Create a home based business network Create a youth development and retention strategy

Host annual community development forums Establish a community development fund Identify champions for

15 5 A Shared Vision of West Lincoln 15 Increase awareness and positive perception of West Lincoln as a quality place to live and work. Develop and promote a land and building inventory Create an economic development website (on muni site) Identify and engage key government and industry influencers as brand and investment ambassadors Develop economic development collateral

Develop and promote a land and building inventory Create an economic development website (on

16 6 Collaboration with Economic Development Partners and Stakeholders. 16 Leverage community resources and regional programs to enhance economic development efforts. Appoint an Economic Development Officer as the first point of contact for business Meet regularly with key contacts on economic development plans Collaborate on government and agency economic development committees and events Establish a business advisory committee Develop MOU with Niagara Region Economic Development

Appoint an Economic Development Officer as the first point of contact for business Meet regularly with key contacts on

17 Action Plan Summary 17

18 Action Plan Summary 18

19 Action Plan Summary 19

20 Critical Actions 20 Invest in economic development Become investment ready Land and building inventory Website Economic development officer (business retention & expansion) MOU with Niagara Region Image: Adriana Medina from Noun Project

Economic development officer (business retention &

Performance Measures 21 Inputs Actions Outputs Outcomes Human, financial organizational and community resources Clear and measurable actions Specific performance measures for each goal Changes in the

21 Performance Measures 21 Inputs Actions Outputs Outcomes Human, financial organizational and community resources Clear and measurable actions Specific performance measures for each goal Changes in the economy, labour market, quality of life if the plan is successful Hire economic development officer Put a BR&E plan in place Examples More land and real estate options Increased business investment Image: Marek Polakovicfrom Noun Project

22 Performance Measure Example A Proactive Economic Development Program Economic Development Officer Retained Yes/No Economic Development Budget $s Funding Received $s Economic Development training for Council and staff #s trained The Economic Development Plan includes performance measures for all six goals Image: Marek Polakovicfrom Noun Project

23 Economic Development Plan 23 Our Vision A thriving, diversified economy with a balanced supply of workers and jobs. The Township proactively supports business and attracts investment in cooperation with the business community and its economic development partners. Residents and businesses are engaged and connected to their community. Mission To develop a diversified economy through strategic action, collaboration and community engagement. Goals A Proactive Economic Development Program A Balanced and Resilient Economic Base Infrastructure to Support Business Needs An Engaged and Growing Community A Shared Vision Collaboration with Partners and Stakeholders Images: Noun Project

24 Thank you 24 Aileen Murray Ec.D. (F) Mellor Murray Consulting Ron Gaudet Ec.D. (F) Gaudet & Associates David Campbell Jupia Consultants Inc Kevin Curtis PhD, MCIP, RPP Curtis Planning Inc

Middlesex County Economic Development Strategy 2014-19 Introduction for the Municipality of Thames Centre

Middlesex County Economic Development Strategy 2014-19 Introduction for the Municipality of Thames Centre Aileen Murray Ec.D. (F) Manager of Economic Development Middlesex County amurray@investinmiddlesex.ca