Economic Development Strategy and Action Plan - Perth County
Economic Development Strategy and Action Plan - Perth County
Economic Development Strategy and Action Plan - Perth County
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Lone EaglesArts, Culture <strong>and</strong>TourismAgriculture <strong>and</strong>Agri-FoodGreen <strong>and</strong>Technology BasedManufacturingMainstreet <strong>and</strong>Regional CentreCommercialWhat is theregion’scurrentability tocapitalize onthe sector?Strong. Greatquality of life withwide selection ofhousing properties<strong>and</strong> location nearlarger urban nodes.The region isconsidered by manyto be anentrepreneurialcommunity.This sector hasbecome anextremelycompetitive market,but because ofStratford (largely)the area retains astrong externalimage. Continuedinvestment needsto be made todiversify tourismproduct.The region haspotential tocapitalize on thissector. There is astrong increase inthe number ofoperators.The region has heldits own for retainingfirms. Tremendouspotential to exp<strong>and</strong>businesses in greenindustries.Stratford can addvalue byattracting morenon-residents ofthe region <strong>and</strong>keeping theresident retailspending withinthe region. Withstagnant/decliningpopulation in ruralareas it will bedifficult to retainbusinessselection. St.Marys haspotential butneeds acentralized vision.Stratford’scommercialnodes will providedifferent <strong>and</strong>complementaryproducts <strong>and</strong>services. St.Marys, Mitchell,Listowel, etc. willhave minimalvacancies.DesiredfuturesituationA 10% increase inthe number of firmsbeing established inthe region. Firmsexp<strong>and</strong>ing from noemployees to 1-9employees.An expansion of thetourism productofferings availablein the region. Anincrease in totalvisitation.Integration ofproduct offeringsbetween Stratford<strong>and</strong> the rest of theregion.Integrationbetween small <strong>and</strong>mid-sizedagricultureoperators <strong>and</strong> thearts, culture <strong>and</strong>tourism economy.Agri-foodprocessors willexp<strong>and</strong> in theregion.Business <strong>and</strong> jobgrowth by localinnovators.<strong>Perth</strong>, St. Marys <strong>and</strong> Stratford <strong>Economic</strong> <strong>Development</strong> <strong>Strategy</strong> <strong>and</strong> <strong>Action</strong> <strong>Plan</strong> 38 | P age
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