Diverse Local Economy

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10_economy400x200 The Goal

A stable, diverse economy that is resilient to global change and features a strong labour force, a healthy municipal corporation, and a supportive environment for entrepreneurs and local businesses.

TARGET MEASURE BASELINE
Maintain a Long Term Financial Plan (LTFP) and process for the City of Whitehorse
Complete by 2020 None
90 points by 2020 2012 score was 88.08
Increase number of business licenses (five year rolling average) Increase 4% by 2020  Average of 3079 licenses for 2010 to 2014

 

Rationale

A diverse, inclusive and thriving local economy ensures residents have the opportunity to both participate and benefit from economic opportunities. A healthy economy creates jobs and income that will allow all residents to meet their basic needs.

Jurisdiction

Low. The City has some influence over the local economy development initiatives, land use planning and development control, and promotion of Whitehorse. While the economy is strongly driven by regional, national, and global shifts, the City can play an important role in community economic development initiatives.

img_status_4_goodProgress

Good. A new Economic Development Coordinator position has been created and the Community Economic Development Strategy was updated in 2015. Partnerships have been strengthened between the City, the business community, and other governments.