Economic Preparedness Strategy Presented to Town Council
On Monday, February 13, 2017, the Fort Erie Economic Development & Tourism Corporation (FE: EDTC) presented an Economic Preparedness Strategy to Fort Erie Town Council, which provides detailed economic impacts that may arise from three major development projects: Niagara Parks Marina, Canadian Motor Speedway and Race Track lands Redevelopment. The study identifies the resources required to support the success of the projects and to enable Fort Erie to capture its fair share of the associated economic gains when they launch.
“In July 2016, at a cost of $115,000, Deloitte Canada, renowned economic and financial consulting providers, was tasked with undertaking this in-depth analysis,” said Jim Thibert, FE: EDTC general manager, adding that by engaging the Town, Region, Province, labour and business interests, “we can proactively expedite these developments to the benefit of our clients and community.”
The Economic Preparedness Strategy, considers the direct impact of the “big three projects” were according to Thibert, “tested against projections real case studies for veracity of analysis and as a practical test for results and recommendations.” The 116-page study (LINK HERE) provides a set of recommendations to assist the Town of Fort Erie and local businesses with their future planning to ensure they are positively positioned to take maximum advantage of the potential economic benefits expected to arise from the projects.
“Our purpose in conducting this study effort was multifold,” said Thibert, including:
“Fort Erie and Niagara and Ontario need to muster their resources and attention on a mutual plan to make these projects happen,” Thibert said. “The Economic Preparedness Study provides a current assessment of the local economy, an estimation of the economic impact, an assessment of readiness for project launches, and strategic recommendations to streamline the projects through to conclusion.”
For more information contact the FE: EDTC office at 905-871-1332.