Economic Growth & Diversity

Strategic Priority 3.1: Local and Regional Economic Development

Objective: Attract new residents, businesses, and investment while supporting existing industries.

Key Initiatives:

·         Promote development throughout the municipality including Willow Creek Business Park, Claresholm Airport and the Hamlet of Granum.

·         Participate actively in regional economic development initiatives.

KPIs & Measures:

·         Number of new businesses or industries established annually (Target: ≥1/year in Willow Creek Business Park, Claresholm Airport and Granum and a positive trend throughout the municipality).

·         Annual population growth rate (Target: >1%).

·         Annual assessment growth rate (Target: ≥2%).

·         Value of new construction permits issued annually (Target: Positive trend).

·         Business development inquiries arising from regional economic initiatives (Target: Equal or positive trend year-over-year).