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E_Mun_Readiness(fin).pdf - Municipal Readiness for Economic...

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Municipal ReadinessforEconomic Development
!!!!!Municipal challenges in the 21centuryInvestment trends in southern OntarioKey sectorsWhat investors look forAre you ready? Take the Test!Ministry of MunicipalAffairs and HousingContentsst
To arrange for an economicreadiness workshop in your area,refer to page at end of booklet.Municipalities, like businesses, are faced with many challenges in the newmillennium: competing in the global economy; accommodating changingdemographics; and implementing a fundamental shift in the provincial-municipal relationship. Many are seekingways to capitalize on theiradvantages, maintain their quality of life, and strengthen their communitiesin a rapidly changing environment.This booklet is designed for small and medium sized municipalities. Itprovides useful information on industrial development trends in southernOntario, ways to attract development to your municipality, and a self-assessment questionnaire for municipalities to determine their economicreadiness.Municipal Economic Readiness is designed to assist small and mediumsized southern Ontario municipalities to:identify the changing needs of business;assess individual planning and development systems; andidentify opportunities for improvement and for attracting newdevelopment,,,.Municipalchallengesin the 21century1st
Ontario’s small and medium sized communities have between 80 and 120million square feet of industrial space. According to Statistics Canada,small and medium sized communities make up about 10percent of the totalindustrial and commercial investment in Ontario.Communities that want to be ready for investment when the opportunityarises are encouraged to identify ‘niche markets’for themselves and theirunique community identities, and to consider investments other thantraditional manufacturing and commercial venues.The quality of life in smaller rural and urban municipalities is attractive tomany potential investors. This can often counter the appeal of largermarkets.A less costly location for firms that relocate means a brand newfacility built to individual specifications.Inexpensive land in congestion-free locations is increasinglyvaluable to companies with ‘just-in-time’delivery systems.A good supply of lots between two and four acres will meet mostneeds. Site searches in small and medium sized communities areprimarily for parcels less than 10 acres.Lightly traveled, major local arterial roads can successfully attractindustrial investment if other investor requirements can be met(e.g. appropriate labour force).Smaller centre opportunities:Smaller centre competitiveness factors:,,,,Investment TrendsinSouthern Ontario2
Your community can benefit from identifying niche opportunities in five keyindustrial market sectors located in southern Ontario. They are: automotiveparts, high tech, call centres, food industry, and tourism.

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Term
Spring
Professor
N/A
Tags
Economic Development, Land use planning

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