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2.3.3

Strengthen the co-ordination and implementation of economic development activities by clarifying the roles and responsibilities of the Region, area municipalities and other key stakeholders (e.g. Canada’s Technology Triangle).

greenstatusFinal update (September 2014)
In 2012 the Region and area municipalities jointly engaged a consultant to evaluate and identify ways to improve the current approaches to economic development in Waterloo Region.  Based on recommendations from their report, the Region along with Area Municipalities, stakeholders, community leaders and representatives from Canada’s Technology Triangle (CTT) worked together to develop a region-wide strategy to attract investment and strengthen economic development activities in Waterloo Region.  In August, 2014 Regional Council approved a number of recommendations related to economic development, including approval in principle of the first-ever Waterloo Region Economic Development Strategy as well as the creation of a new Waterloo Region Economic Development Corporation.
Other recent actions to improve the Region’s focus on Economic Development include:

  • Establishing an Office of Economic Development within the Region, and hiring a Manager of Economic Development;
  • Requesting the Province to add the Region of Waterloo to the list of Upper-tier Municipalities assigned “non-exclusive” legislative authority to participate in the “Acquisition, development, and disposal of sites for industrial, commercial and institutional uses.”(i.e. to allow the Region to participate in the development of “employment lands”); 
  • A Master Environmental Servicing Plan (MESP) and Community Plan were created for the “east-Side” employment lands - a significant milestone in the development of “market ready” employment lands in the East Side, and; 
  • Evaluation continues regarding the establishment of a Special Purpose Corporation (SPC) for the purchase, holding and sale of strategic employment lands in Waterloo Region.

Progress Update (September 2013)

The Region and Area Municipalities have engaged a consultant to:

  • Review the roles and responsibilities of various organizations involved in economic development and identify any significant overlaps and/or gaps;
  • Identify successful economic development approaches used in other communities for consideration;
  • Recommend alternate approaches to address any identified issues and to strengthen the overall approach to economic development in Waterloo Region.

The consultant's report was received in April 2013, and recommendations regarding implementation were approved by Regional Council and all local Councils in May and June 2013. Work is now proceeding on several recommendations including the creation of an Economic Development Office and new staff position at the Region, the creation of a Waterloo Region Economic Development Strategy and the formation of a new Waterloo Region Economic Development Corporation.

Progress Update (January 2013)

In order to strengthen the coordination and implementation of economic development activities in Waterloo Region, area municipalities and the Region have engaged a consultant to review the roles and responsibilities of various organizations involved in economic development.  This review will help to identify any significant overlaps and gaps and recommend alternate approaches to strengthen the overall approach to economic development in Waterloo Region. 

The consultant's report is expected in late 2012.

Progress Indicators

  • Clear roles and responsibilities understood by all stakeholders
  • Improved approach to economic development
  • Enhanced economic growth and development

 

greenindicator   Strong progress achieved   2011-2014 Strategic Plan (PDF)
yellowindicator   Moderate progress achieved   2011-2014 Strategic Plan (RTF)
redindicator   Progress needed   2011-2014 Strategic Plan (Flash)