Kingston Economic Development Corporation has launched a new integrated economic development strategy for the region.
The strategy primarily focuses on health and health innovation, sustainable manufacturing, creative industries, and rural economic development.
"I'm happy to see the integrated economic development strategy move forward and I'm grateful for the hard work that went into preparing it," says Kingston Mayor Bryan Paterson.
"The COVID-19 pandemic has caused the biggest economic disruption since the Great Depression, and many sectors of our local economy have been hit especially hard. This strategic plan will create jobs, grow existing businesses, attract new companies in areas where our community has a competitive advantage, and will be indispensable as we work towards recovery," he continued.
The new strategy was developed in conjunction with the city, non-profits, businesses and other stakeholders in the region.
It reviewed Kingston's economic situation pre-COVID-19 and post-COVID-19 along with other community gaps, strengths, and challenges.
"The reality is a lot has changed in the world of business and in our city over the last several years and I am excited to see this strategy come to life with support from our community partners, the City and post-secondary institutions," says Dave Carnegie, Chair, Board of Directors, Kingston Economic Development Corporation.
Overall there are 35 separate recommendations in the new strategy that hope to guide the region in the short-term and the long-term.
- From CFRA's Colton Praill