St. Thomas working to restore growth and prosperity
Ontario government helping the city devise economic development strategy
The provincial government is giving the City of St. Thomas a hand with coming up with a plan for its future.
Elgin-Middlesex-London MPP Steve Peters confirmed today that the City of St. Thomas will receive $185,000 from the Ontario government to assist with strategic economic development activities under the Ministry of Economic Development's Communities in Transition initiative.
The City of St. Thomas will soon be creating an economic development strategy that will include both strategic and operational elements that will benefit the community. This strategy will guide the development of an action plan for targeted investments and growth sectors.
St. Thomas will also be developing a marketing strategy that will support the promotion of competitiveness and expansion of local industrial sectors and job creation while planning for sustainable growth and success.
- In 2006, St. Thomas was the fastest growing City in Southwestern Ontario, with a population increase of 8.4 per cent since 2001, growing from 33,303 to 36,110.
- The Ontario government has more than doubled support to municipal operating budgets. By 2011, ongoing annual operating support for municipalities will exceed $2.8 billion, an increase of more than $1.7 billion, or 160 per cent.
“Investing in economic development creates jobs and makes our communities stronger. St. Thomas is taking the challenges presented to them and are creating new opportunities. I am pleased that the provincial government can support the City of St. Thomas plan for its bright future.”
“St. Thomas is a city committed to economic development, partnerships and, most important, the future. With the government's help, we will develop a sustainable strategy for the future and work to ensure that the City of St. Thomas continues to evolve and to prosper.”