Category Archives: Economic Development

Examples of Economic Recovery Teams

In the past couple months, Economic Developers Council of Ontario (EDCO) has hosted a 2-part webinar series discussing emergency economic task forces. The series covered key economic challenges and successes from both rural and urban perspectives. Fellow EDCO members Craig Kelley – Director of Property and Development with the County of Renfrew, Rebecca Mustard – Manager of Economic Development with the City of Kawartha Lakes, and Martin Bohl – Sector Manager with the City of Brampton shared insights on their local efforts to support their community in response to the COVID-19 outbreak. Structuring an emergency economic task force was discussed as a means to support local businesses and guide the community back toward a thriving economy.

Why are economic task forces beneficial?

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How to Structure an Economic Recovery Team

Our previous blog post, The Importance of Collaboration to Support Economy Recovery, discussed how initiatives that are built on collaboration will be stronger and more resilient. The next two posts will delve into best practices to consider when structuring your recovery team so it can best support your local businesses.

Economic Recovery Management Committees or Economic Recovery Taskforces provide focus and lead the efforts throughout the recovery process. The team has several core functions and roles including:

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The Importance of Collaborating to Support Economic Recovery

COVID-19 has brought with it, unprecedented challenges for the economy that can be difficult for individual businesses to tackle alone. To help communities during these times where much remains unknown, organizations need to work together and collaborate to achieve effective outcomes.

This three-part blog series will discuss how organizational development can support economic recovery through leadership and team efforts.

Recovery will be complex and will likely involve issues that are too large for any one organization to solve alone. Recovery efforts will require the collective efforts of new partners and stakeholders across multiple sectors. Every participant will need to identify and use their strengths to contribute towards a solution that will result in a noticeable impact. Collaboration requires some degree of effort from everyone.

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Business and Farm Resources to Support Your Community During COVID-19

The Agriculture Economic Development and Planning Community of Practice held a webinar on April 15, 2020, to discuss issues in the agriculture and food sector due to COVID-19 and how to help communities during these difficult times.

One concern expressed  is the lack of  agriculture labourers. The agricultural community is worried that they will not get their full complement of temporary seasonal workers, and that would impact their ability to plant and harvest this season. The goal of the Community of Practice it to help find local and regional solutions to address these types of issues.

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Top Ten Impacts COVID-19 is Having on Local Economic Development and Ways that Economic Developers can Help

The rapidly emerging impacts of COVID-19 on local communities has left economic developers seeking guidance on how to best respond to the crisis and offer effective support measures. Working together, elected officials, partners, local businesses, community members and economic developers can implement actions to mitigate the negative outcomes of this outbreak and work towards a more resilient future.

The International Economic Development Council held a webinar in early April to discuss a ten-point action plan for how economic developer organizations (EDOs) at all levels of government can work through a three phase recovery plan: mobilizing to help their local businesses now (Phase 1), preparing to reopen safely and securely (Phase 2) and positioning economies for longer run recovery Phase 3).

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Tips for Creating a Calm and Supportive Workplace during COVID-19

As a continuation of a previous blog post on tips to support your business community, this blog offers mental health strategies on navigating through COVID-19. Due to the uncertainty business owners are currently facing, it can be extremely difficult to manage stress levels while working through economic setbacks. Although, there are several significant unknowns, it is important to ensure that mental health and self-care is a top priority for yourself and your business community during these challenging times. It is not uncommon to experience feelings of anxiety, isolation and stress.

Below are some key insights from mental health experts on practicing good self-care for yourself and your employees.

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Planning for Agriculture Requires Balancing Growth and Compatibility

On March 5th, 2020, the Agriculture Economic Development and Planning Community of Practice hosted a webinar on planning for agriculture. This webinar fostered a discussion between the audience and the speaker, Dr. Wayne Caldwell, on the impact and opportunities for land use planning and near-urban agriculture. Potential challenges and opportunities were addressed, along with ten methods to create a more viable agricultural sector through planning practices.

As Ontario’s population grows, urbanized and highly populated areas are expanding into agricultural areas. While there are certainly opportunities for agriculture in proximity to urban markets, it can also pose some risks and challenges.

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Effective business outreach during COVID-19

Businesses in all sectors will be impacted by COVID-19 in some manner. In order to support them effectively, economic developers will need to do some outreach and consultation to assess these impacts and determine the needs of the businesses in their communities.

This will be particularly difficult at this moment, as businesses struggle with various priorities. Here are some tips to connect with your businesses effectively.

bre_logo_1400x570Business Retention & Expansion (BR+E) is a concept that can be activated for times of crisis. It is a structured and community-based approach to business and economic development. It helps communities learn about issues facing local businesses and sets priorities to address these needs where possible to help strengthen the economy. It is important to recognize that few communities can do everything they would like to do to support their existing businesses.

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Tips for Improving BR+E Business Interviews

Business Retention & Expansion (BR+E) is a structured, action-oriented and community-based approach to business and economic development. The data and knowledge obtained from business interviews is used to address issues and opportunities facing employers.

BR+E best practice suggests that interviews should ideally be conducted in-person because face-to-face interactions can offer beneficial results. However, there are some potential challenges to be aware of.

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