City updates Economic Development Strategy and Action Plan

City updates Economic Development Strategy and Action Plan

An updated strategy to guide economic development in Spruce Grove over the next five years was recently approved by Spruce Grove City Council.

The Economic Development Strategy and Action Plan Update was approved by Spruce Grove City Council on June 26, 2017. This strategic document will help guide economic development in Spruce Grove from 2017 - 2022.

Led by Spruce Grove's Economic Development Advisory Committee (EDAC), which is comprised of members of Spruce Grove's local business community and members of city council, work began in 2016 to ensure the City's economic development efforts reflect the current needs of the community, as well as the changing economic conditions of the region and province.

"The City's updated Economic Development Strategy is forward thinking and reflects both the needs of our citizens and business community, as well as a desire for sustainable growth and development in the City of Spruce Grove," says Spruce Grove Ald. Bill Steinburg, Chair of the EDAC.

The two key priorities for the City identified in the strategy include: to continue growing the City's non-residential tax base and to expand and diversify the local employment base within the City. In efforts to achieve these priorities, the strategy outlines five goals, 13 objectives, and 57 action items.

"By achieving the strategy's key priorities we will increase tax revenues for the City that will allow us to support existing and additional programs and services, and provide more job opportunities for residents to work closer to home," Steinburg says.

Updates to the strategy were based on an analysis of the current economic climate and assessment of the results of the previous strategy, as well as a robust public consultation process. In total, the City received 350 responses from its business and community stakeholders.

For more information, please visit www.sprucegrove.org/business.