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Economic Development Policy Update
City Council received a presentation outlining a proposed 12-month process for reviewing and updating the City’s economic development policy framework. The process would combine technical expertise, stakeholder input and community perspectives while maintaining City Council’s final decision-making authority.
The proposed framework includes monthly Stakeholder Working Group meetings, six Community Advisory Board meetings and ongoing oversight from the Community Economic Development Committee (CEDC). The work would focus on evaluating current policies, benchmarking peer communities, gathering input, establishing priorities and developing updated policies, eligibility standards, fiscal safeguards and implementation tools.
Next steps include confirming the process structure and participants, appointing Advisory Board members and Working Group representatives, and beginning the review of current policies.
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