Richmond Hill will continue to drive its four-pronged development strategy to foster economic growth, Mayor Dave Barrow said recently.
Delivering his annual “State of the Town” address to members of the Chamber of Commerce at the Richmond Hill Country Club over the weekend, Barrow reflected on Richmond Hill’s progress, from a small village to a thriving town.
“The Economic Development Strategy sets the foundation of where we’re going,” said Barrow. “With three years of implementation completed, we’ve made significant progress towards achieving our vision of sustained economic growth.”
Like the Town’s strategic plan, the Economic Development Strategy is based on four goals that move Richmond Hill forward. First, Richmond Hill drives growth in entrepreneurship and business development by supporting small business. Barrow highlighted the numerous seminars, programs and online tools offered through the Small Business Enterprise Centre.
Supporting the creative economy, through events such as the Creativity Connected symposium, is the second goal that moves the Town closer to its economic vision.
The mayor emphasized the importance of all businesses in Richmond Hill while also highlighting the four key sectors where the Town has a competitive advantage: professional, scientific and technical services; health industries; finance and insurance; and information and culture.
“The third goal of the strategy is to attract business, and these four sectors provide the most opportunity as well as the best alignment with our educated workforce,” he explained.
The fourth goal is to engage business leaders and brand Richmond Hill as a premier business location, as embodied by the Chamber of Commerce luncheon as well as the Business Leadership Council (BLC), he said.
Barrow also noted Richmond Hill tax rates are among the lowest in the 27 municipalities in the Greater Toronto and Hamilton area. He added the Town is working on the transit file as well, to improve connectivity for all commuters.