At a recent town council meeting on Feb. 1, a new five-year Economic Development and Tourism Strategy was approved to ensure long-term economic prosperity in Halton Hills.
Additionally, the strategy was approved to grow non-residential investment, increase local jobs and support strategic decision-making.
“Since the Town’s existing Economic Development Strategy was approved in 2012, and the Tourism Strategy in 2014, countless demographic, technological and economic changes have taken place,” said Mayor Rick Bonnette.
“This new strategy will position Halton Hills to take advantage of current and future economic opportunities, while also responding to the challenges posed by COVID-19. Participation by businesses and residents in the strategy’s implementation will help us reach our economic development goals.”
The Economic Development and Tourism Strategy has five sub-strategies including the Economic Development sub-strategy, the Tourism Sub-Strategy, the Green Economy Sub-Strategy, the Brownsfield Development Sub-Strategy and the Marketing and Communications Sub-Strategy
The new strategy (2021-2026) positions the Town as a leading stakeholder as well as a central driver for economic prosperity.
Additionally, the plan has flexibility allowing the Town to respond to challenges and changes in economic conditions as a result of the COVID-19 pandemic.
A forthcoming Economic Resiliency and Recovery Framework will supplement the strategy to provide further direction for economic recovery.
“Reaching this milestone would not have been possible without the valuable input provided by a variety of stakeholders throughout the course of this project,” said Damian Szybalski, Director of Economic Development, Innovation and Culture.
“The strategy builds on many successes achieved over the years and leverages ongoing initiatives, all contributing to strengthening Halton Hills’ economy, attracting investment and supporting our local businesses.”
For more information, visit investhaltonhills.com.