Clarington Council has announced a new plan to attract businesses to power the next phase of economic development.
As the municipality grows, the critical work of supporting the economy by attracting new businesses and investment in Clarington continues, said a council statement.
“To that end, Clarington is amending how this work will be done – new business attraction will be handled by the Municipality’s Planning and Development Services Department through the work of an Economic Development Coordinator. That newly created position will be filled in the new year and has been budgeted,” the statement said.
In the meantime, the dedicated staff at Clarington Board of Trade and Office of Economic Development (CBOT) will continue the integral work of supporting the existing business community with their current needs and help facilitate future expansion opportunities.
This new model for economic development services was developed with the help of a consultant. A new contract will be drawn up with CBOT to help cover their work and will be managed through Planning Services.
The contract will provide municipal funding to CBOT in the amount of $325,000 for 2022 and $300,000 in 2023. The contract includes a business retention and expansion plan that CBOT will develop with municipal staff and submit in April 2022. It will contain a list of mutually agreed-upon deliverables and key measurables, the statement added.
Read report CAO-012-21 for more information.
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