Strategic Plan - Economic Diversification & Growth

Fostering a balanced and sustainable local economy is achieved by expanding and diversifying the types of industries and businesses operating within the community. This involves attracting new businesses, supporting existing initiatives, and spurring innovation and entrepreneurship.

Objectives

Diversify the economy by strengthening priority sectors with business parks and cluster development.
Diversify tourism with new attractions, SMART tourism and other strategies
Retain and grow existing businesses by continuing to establish the Business Development Department (BDD) as an extension of businesses
Help small businesses by expanding and raising awareness of BDD digital tools, activities and programs
Strengthen the ecosystem by developing key assets as anchor institutions and facilitating partnerships and connections between organizations
Encourage development to support key sectors, including new businesses, industrial parks and innovation spaces
Focus on business park development
Improve mobility, accessibility and sustainability of transportation networks in Niagara Falls