Economic Pillar
Agenda Background Economic Pillar Goals Next steps
Strategic Plan - background St. Catharines City Council developed and approved a Strategic Plan, for the first time, in 2015 The Plan established a vision for the City, as well as 11 goals and more than 40 action items to achieve those goals The goals align with the four pillars of sustainability: economic, social, environmental and cultural
Strategic Plan Economic Pillar The City encourages public funding, private investment, business retention and expansion to support continued prosperity in the future. We need to be innovative in our approach and continue to demonstrate our leadership in the knowledge and creativebased economy.
Strategic Plan Economic Pillar In particular, this pillar focuses on three upper level goals: Attract public and private investment, support local businesses and provide excellent customer service to demonstrate we are open for business; Be an affordable City for all; and Develop partnerships to enhance the economic vitality of the community.
Economic Pillar Goal 1 Attract public and private investment, support local businesses and provide excellent customer service to demonstrate we are open for business.
Economic Development Focus Aggressive corporate calling program that has seen more than 1,000 corporate visits and client engagements since 2015. Tours of St. Catharines of more than 300 investors/prospects, domestic and international delegations, trade and industry representatives, as well as realtor networks since 2015.
Construction Permits, Value 2015 2016 2017 2016 CHANGE 2017 CHANGE Building Permits 817 824 963 1% 17% Dwelling Units 224 383 569 71% 49% Construction Value $114,140,715 $149,549,369 $195,570,292 31% 31%
Construction Value $35,000,000 Construction Value Comparison $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2015 2016 2017
Economic Pillar Goal 2 Be an affordable City for all
Unemployment Comparison 12.0% Unemployment Rates Comparison 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 St. Catharines-Niagara CMA Canada Ontario
Youth Unemployment 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% Youth Unemployment Rates 0.0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 St. Catharines-Niagara CMA Canada Ontario
Median Household Income
Tax Rates Comparison St. Catharines Tax Rates 2008-2017 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 City - General Excludes Hospital and Insfrastructure Levy City - Total City, Region and Education
City Budget History 5% City Budget History 4% 3% 2% 1% 0% 2013 2014 2015 2016 2017 2018 City Tax Levy Increase Core Inflation Rate Expenditure Increase
Economic Pillar Goal 3 Develop partnerships to enhance the economic vitality of the community.
Potential and Current Partnerships The City recognizes the value and importance of developing partnerships with: municipalities other levels of government educational institutions groups and agencies and other community partners
Partnership Benefits There are a number of partnerships between our City and other organizations that allow for: shared space support of local festivals attraction and hosting of sporting events tourism initiatives allow the sharing of expertise, resources and leveraging dollars
Niagara s Post Secondary Partnerships BioLINC BrockLINC Brock Institute for Scientific Computation Cool Climate Oenology and Viticulture Institute Environmental Sustainability Research Centre Walker Advanced Manufacturing Innovation Centre Rankin Technology Centre Agriculture and Environmental Innovation Centre Niagara Family Health Centre Clinical Teaching Unit of the Michael G. DeGroote School of Medicine Canadian Food and Wine Institute Innovation Centre nctakeoff entrepreneurship hub Generator at One ihub Downtown incubation facilities for start-ups and established high-growth projects
Economic Development Collaboration Niagara Region Economic Development Niagara Development Corridor Partnership Niagara Industrial Association Greater Niagara Chamber of Commerce Welland Enterprise Centre Hamilton-Niagara Partnership Binational Research and Innovation Corridor Ontario Mayor s Auto Caucus Ontario Food Cluster Ontario Manufacturing Communities Alliance
Strategic Plan Next Steps City website will be updated to reflect the latest information on the Strategic Plan More focus will be placed on community indicators, factors that contribute to our goals, and progress of the overall plan/goals Second quarter results will focus on the Environmental Sustainability Pillar
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