In response to discussions with returning and incoming Regional Councillors, and with provincial officials, local municipal colleagues, the business community and municipal colleagues in the GTA, this document was developed to support Regional Council in determining strategic directions for the 2014-2018 term.
Part I of this document outlines global, national, and provincial forces that affect Niagara’s economic success. Part I also includes an assessment of how Niagara is performing on key economic prosperity performance indicators, including some forecasts for the future if status quo approaches are maintained. The research suggests that, while Niagara has fared well on indicators related to taxes, other economic prosperity indicators for growth, employment, investment, infrastructure and overall community well-being are performing below average levels.
Part II of this document offers ideas for Council’s consideration that will support economic prosperity and make Niagara more competitive. In order to “bend the curve” and improve Niagara’s performance, a two-pronged approach will help us move from good to great and become the benchmark for our sector:
- Foster an environment for economic prosperity
- Implement transformative changes
Published By: Niagara Region
Publication Date: December, 2014