Economic Development Strategic Plan 2025

Erin, Ontario

This is the exact embedded text of the captured official document. Snapshot 726afe96ad78 · verified 2026-06-10 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

ECONOMIC DEVELOPMENT STRATEGIC PLAN 2025 AND BEYOND MARCH 2025 Welcome to the Town of Erin A New Economic Development Strategy for the Town of Erin Why Now? The New Strategy Economic Development Mission and Vision Our Values Economic Snapshot Demographics Local Economy and Labour Force Focus Sectors Strategic Priorities Priority 1: Investment Attraction Priority 2: Infrastructure Improvements Priority 3: Business Retention and Expansion (BR+E) Priority 4: Vibrant Community Conclusion Thank You 1 2 2 3 4 5 6-7 8 9 10-11 12 13-15 16-18 19-21 22-24 25 26 TABLE OF CONTENTS TOWN OF ERIN PAGE | 01 WELCOME TO THE TOWN OF ERIN Nestled close to the Greater Toronto Area (GTA), the Town of Erin offers a harmonious blend of a charming community, agricultural heritage, and environmental stewardship. Our picturesque landscape and heritage-rich environment create a community where businesses and residents alike can thrive. With a growing population and a strong sense of community, the Town of Erin is the ideal place for innovative ideas and new investments to flourish. The Town of Erin's strategic location near the GTA fosters strong business connections, while our commitment to preserving community charm ensures a high quality of life for all residents. Our supportive environment for investment attraction, combined with a rich mix of historic and progressive elements, makes Erin a prime location for businesses looking to grow. The famous Erin Fall Fair, a cornerstone of our vibrant community, showcases our deep-rooted agricultural heritage and rich culture. Erin is more than just a place to live; it's a community invested in shaping a prosperous and dynamic tomorrow. Combining the tranquillity of rural living with the convenience of nearby urban amenities, the Town of Erin offers the best of both worlds. The Economic Development Strategic Plan leverages Erin's strengths, from our supportive business environment and stunning natural landscapes to our engaged and innovative community. We are committed to fostering economic growth, attracting new investments, and supporting our existing businesses while upholding our commitment to preserving Erin's unique character and natural beauty. TOWN OF ERIN The Town of Erin's previous economic development efforts have laid a strong foundation for growth, focusing on attracting businesses and supporting local enterprises. However, the landscape is evolving rapidly. Our community is preparing for a significant increase in population, which necessitates a strategy that not only accommodates this growth but also leverages it to enhance our local economy. With a projected rise in population, the Town of Erin must prepare to meet the needs of both new and existing residents. This includes creating job opportunities, enhancing infrastructure, and ensuring a high quality of life. Our community values its heritage and charm while embracing innovation. The new strategy balances these aspects, ensuring that growth is sustainable and aligned with the Town of Erin's unique character. As a Town supportive of investment and open to new ideas, Erin must proactively attract and retain businesses that align with our community's values and contribute to our economic resilience. TOWN OF ERIN PAGE | 02 A NEW ECONOMIC DEVELOPMENT STRATEGY FOR THE TOWN OF ERIN The Town of Erin will experience significant growth and change in the coming years. As we look to the future, it is necessary to establish a new Economic Development Strategy that reflects the current needs and aspirations of our community. With our proximity to the Greater Toronto Area (GTA) and a growing population, the Town of Erin is at a pivotal point where a refreshed strategy will help harness new opportunities and address emerging challenges. WHY NOW? TOWN OF ERIN PAGE | 03 The Town of Erin's new Economic Development Strategic Plan stems from the collective vision that was developed following an analysis of the Town's economy and demographics, and several stakeholder engagement sessions, including a strategic planning workshop with Council and the Erin Economic Development Committee, and a Focus Group session. This strategy will focus on several key areas, beginning with investment attraction, which will involve proactively seeking and encouraging new businesses to establish themselves in Erin. Infrastructure improvements will enhance and expand the infrastructure to support the growing population and business community, ensuring efficient development. Business retention and expansion efforts will support existing businesses in their growth, ensuring they remain integral parts of the community. Finally, fostering a vibrant community will involve creating a dynamic, inclusive, and engaged environment where residents enjoy a high quality of life and actively participate in the Town's development. As part of the Town's commitment to Environmental Stewardship, the Town of Erin will prioritize green initiatives in all economic development efforts, promoting sustainable growth, energy efficiency, and environmental responsibility. This focus aligns with our vision for a greener, more sustainable future for both residents and businesses. THE NEW STRATEGY PAGE | 04 To be a welcoming community where businesses and residents thrive. VISION To foster purposeful economic development, in harmony with community needs. MISSION TOWN OF ERIN PAGE | 05 VALUES Accountability A commitment to responsibility, and excellence in governance and decision-making for the community's needs. Transparency Enhancing openness and accountability through clear and accessible communication, ensuring that decision-making processes, actions, and information are readily available. Integrity An unwavering foundation of honesty and ethical conduct, fostering trust and respect in all that we do. Sustainability Ensuring the long-term quality of life for current and future generations by responsibly managing resources and embracing environmentally friendly practices that support ecological balance and social well-being. Inclusivity A community where empathy guides actions, diverse perspectives are celebrated, equitable opportunities are prioritized, and everyone feels valued and included. Innovation A commitment to continuous improvement, exploring effectiveness and efficiency in all that we do. TOWN OF ERIN PAGE | 06 ECONOMIC SNAPSHOT The Town of Erin has shown steady population growth, increasing from 10,770 in 2011 to 11,981 in 2021, and our population is estimated to be 26,000 by mid- 2034. The majority of the population falls within the 15-64 age range, with a median age of 46.8 years, indicating a mature community with a significant working-age population. Regarding education, 23% of residents have a university degree, and another 23% hold a college diploma, showcasing a well-educated community. Residents primarily hold post-secondary degrees or diplomas in the fields of 'Business, Management and Public Administration,' 'Social and Behavioural Sciences and Law' and 'Architecture, Engineering, and related trades.' POPULATION The Town of Erin's workforce is primarily concentrated in a few key occupations and industries. The top occupations include 'Trades, Transport, and Equipment Operators,' followed closely by 'Sales and Service,' 'Business, Finance, and Administration,' 'Education, Law, Community and Government Services, and 'Natural and Applied Sciences.' This occupational distribution suggests a community heavily involved in skilled trades and services, with a significant portion also engaged in administrative and scientific roles. The Town of Erin's workforce exhibits higher labour force participation rates than Wellington County and the Province of Ontario overall. Erin's participation rate stands at 69.4 percent, with 73.3 percent for males and 65.3 percent for females. This suggests that Erin benefits from a relatively engaged workforce, particularly among women, who participate at higher rates than in both Wellington County and Ontario. The employment rate in the Town of Erin stands at 63.6 percent (68.1 percent for males and 59.1 percent for females), again outperforming Wellington County (61 percent overall) and Ontario (55.1 percent overall). While unemployment in Erin remains lower than the provincial average, it still presents a gender gap: Erin's unemployment rate is 8.2 percent, with 7.1 percent for males and 9.6 percent for females. This gender disparity in both employment and unemployment rates suggests opportunities to further support female workforce engagement and reduce unemployment within the town. WORKFORCE AND LABOUR FORCE TOWN OF ERIN PAGE | 07 ECONOMIC SNAPSHOT The leading industries in the Town in terms of employment are 'Construction', 'Professional, Scientific, and Technical Services', 'Healthcare and Social Assistance', 'Manufacturing', and 'Retail Trade'. These industries indicate a local economy that balances infrastructure development with professional and healthcare services. While it is not one of the leading industries in Town, Management of Companies and Enterprises, led growth between 2019 and 2023 with an impressive 135 percent increase. This sector includes organizations focused on overseeing and managing other companies within the same group. These entities either hold controlling shares in subsidiaries to influence their management decisions or directly handle administrative and strategic operations for affiliated businesses, without offering services to outside companies, signalling emerging opportunities in corporate and administrative roles. Manufacturing also showed robust growth at 52 percent over the 4-year period, indicating a rise in production activities. Conversely, Arts, Entertainment, and Recreation declined by 29 percent, and Agriculture saw a reduction of 17 percent. TOP INDUSTRIES TOWN OF ERIN 2011 2016 2021 2026 0 5000 10000 15000 20000 0 5 10 15 20 25 30 No Certificate Highschool Apprenticeship College University First Nations 59.5% Metis 40.5% Single Common Law Married Seperated Divorced Widowed 0 1000 2000 3000 4000 5000 6000 RENT OWN 10% 90% RENT VS. OWN PAGE | 08 DEMOGRAPHICS AGE PROFILE 65+ 0-14 15-64 68% 17% 15% TOTAL POPULATION 10,770 11,439 11,981 18,402 ESTIMATE EDUCATIONAL ATTAINMENT 13% 30% 8% 23% 23% INDIGENOUS IDENTIFICATION HOUSEHOLD SIZE MARITAL STATUS REAL ESTATE DWELLING VALUE Average Value Median Value $980,000 $1,086,000 TOTAL NUMBER OF HOUSEHOLDS 4,220 Single Attached 91.5% Apartment in a >5 storey building 2.8% AFFORDABILITY Average Monthly Shelter Costs Renters vs. Owners $1,984 | $2,064 18% of Erin's population spends 30% or more of household total income on shelter costs. two 36.7% three 17.5% four 18.9% five + 11.7% one 15.1% Total Indigenous respondents: 185 TOWN OF ERIN PAGE | 09 LOCAL ECONOMY TOP 5 INDUSTRIES HIGHEST GROWTH 2019-2023 HIGHEST DECLINE 2019-2023 LABOUR FORCE TOP 5 OCCUPATIONS Construction 12% Professional, scientific and technical services 10% Healthcare and Social Assistance 9% Manufacturing 9% Retail trade 8% Management of Companies 135% Manufacturing 52% Arts, Entertainment, Recreation (29%) Agriculture (Top 6 industry) (17%) Trades, Transport and Equipment 24% Sales and Service 23% Business, Finance and Administration 14% Education, Law/Social, Community & Government 10% Natural and Applied Sciences 8% LABOUR FORCE 6,930 PARTICIPATION 69.4% EMPLOYEMENT 63.6% UNEMPLOYMENT 8.2% MEDIAN INCOME $127,000 TOWN OF ERIN PAGE | 10 FOCUS SECTORS Following a statistical industrial analysis, and two strategic planning workshops with Council members, the Erin Economic Development Committee, and various focus groups, seven sectors have been identified as key areas of focus for the Town of Erin's Economic Development Strategic Plan. 1.Agriculture, Agri-food and Equine 2.Tourism 3.Retail Trade 4.Entrepreneurship 5.Construction 6.Manufacturing 7.Clean Technology Businesses By concentrating on these sectors, we aim to foster sustainable growth, enhance the quality of life for residents, and attract new businesses and visitors to our community. TOWN OF ERIN PAGE | 11 FOCUS SECTORS Agriculture, Agri-food and Equine (FS1) Our Economic Development Strategy aims to strengthen the Agriculture, Agri-food, and Equine industries by promoting sustainable farming practices, supporting local farmers, and encouraging the growth of agri-food businesses. We are committed to creating opportunities that connect our agricultural roots with broader market trends. Tourism (FS2) Our strategy focuses on leveraging the Town's tourism assets to attract visitors year-round. By enhancing our tourism infrastructure and promoting the Town of Erin's unique attractions, such as the Erin Fall Fair, beautiful natural surroundings and various outdoor activities, we aim to boost the local economy and create lasting memories for our visitors. Retail Trade (FS3) Providing essential goods and services to residents, Retail Trade is a vital component of the Town's economy. Our strategy aims to support and expand the local retail sector by attracting diverse businesses and enhancing the shopping experience. We are dedicated to creating a vibrant retail environment that meets the needs of our growing population. Entrepreneurship (FS4) Fostering entrepreneurship is key to the Town of Erin's economic development. We aim to create a supportive environment for startups and small businesses by providing access to resources, mentoring, and networking opportunities. We are committed to nurturing a culture of innovation and entrepreneurship that drives economic growth and job creation. Construction (FS5) As the leading provider of jobs, the construction sector plays a vital role in our community's economic stability. We aim to meet the needs of our growing population through continued support of local contractors, and by ensuring that development aligns with community values. Manufacturing (FS6) Erin's manufacturing sector is a key driver of economic activity, providing jobs and contributing to local and regional economies. Our strategy aims to support existing manufacturers, attract new manufacturing businesses, and encourage innovation and sustainability within the sector. Clean Technology Businesses (FS7) Our future is focussed on clean economic development and technology. We support the growth of clean tech businesses that drive sustainability, innovation, and a greener local economy for the future. TOWN OF ERIN PAGE | 12 STRATEGIC PRIORITIES TOWN OF ERIN INVESTMENT ATTRACTION INFRASTRUCTURE IMPROVEMENTS BUSINESS RETENTION AND EXPANSION VIBRANT COMMUNITY 1 Attracting new investments is vital to the long-term prosperity of the Town of Erin's economy, as it will ensure a healthy balance between residential and non-residential tax bases, following the recent surge in residential development. New investments lead to job creation, economic growth and enhanced overall quality of life, contributing to a community where residents and businesses can thrive. This strategy prioritizes investment attraction by: Targeting sectors that support our existing businesses, especially our focus sectors Maximizing employment lands Facilitating new investment How will we achieve this? Develop and maintain a land inventory of industrial, commercial and institutional (ICI) properties, and invest in tools to enhance accessibility and data visualization for potential investors Foster collaboration with Wellington County to align and promote local and county-level Community Improvement Programs (CIP) Advocate for policies and initiatives that ensure an adequate supply of construction-ready land to support economic growth Increase engagement in policy development that impacts employment lands and non-residential development Design and implement investment attraction strategies, including marketing campaigns and sector-focused initiatives Explore methods to streamline development processes, reduce red tape, and introduce incentives to attract new investment PAGE | 13 INVESTMENT ATTRACTION TOWN OF ERIN Objective Actions Lead/ Partners Performance Measures 1.1 Grow Targeted Sectors 1.1.1 Develop and implement an investment attraction marketing campaign and sector-focused initiatives around the seven focus sectors: Agriculture, Agri-food and Equine, Tourism, Retail Trade, Entrepreneurship, Construction and Manufacturing Town of Erin (ToE) Measure the reach, engagement, and outcomes of the campaign, including investor inquiries and investments secured Monitor annual growth in focus sectors 1.1.2 Update the community profile ToE Measure the distribution and online reach of the community profile 1.2 Maximize and optimize employment lands 1.2.1 Develop and maintain an Employment Lands Inventory ToE, Private Sector Land inventory maintained and updated 1.2.2 Launch a pilot project to develop an Employment Lands Strategy that includes an evaluation of servicing needs ToE Completion of pilot project 1.2.3 Invest in tools to enhance accessibility and data visualization for potential investors - GIS mapping software ToE GIS platform engagement and number of inquiries 1.2.4 Conduct a gap analysis to identify Town- owned development opportunities and explore the possibility of budgeting for the acquisition of additional industrial land to expand the supply of non-residential properties ToE Completion of a detailed gap analysis report, including recommendations for industrial land acquisition PAGE | 14 1. INVESTMENT ATTRACTION TOWN OF ERIN Objective Actions Lead/ Partners Performance Measures 1.2 Maximize and optimize employment lands 1.2.5 Identify and explore opportunities to re-zone land for commercial and industrial use ToE Re-zoning approval for at least one parcel of land for commercial or industrial use within the next 24 months Number of commercial/industrial developments 1.3 Facilitate New Investment 1.3.1 Implement a Customer Relations Management (CRM) system to track investor interactions and proposals ToE Monitor the number of investor interactions and proposals successfully tracked through the CRM system 1.3.2 Identify and offer grants to support new investments in focus sectors and update the Community Improvement Plan to address emerging needs ToE Measure the uptake of revised CIP programs and the funding provided through the CIP 1.3.3 Introduce a Development Charge Deferral policy ToE Number of investors using the DC deferral policy PAGE | 15 TOWN OF ERIN 1. INVESTMENT ATTRACTION 2 Developing and enhancing infrastructure is vital for the future success and quality of life in the Town of Erin. Modern infrastructure lays the foundation for economic expansion, draws new businesses to the area, and significantly benefits residents, aligning with the Town's Economic Development vision of a community where businesses and residents thrive. Infrastructure improvements include: Prioritize and support the advancement of commercial projects and partnerships Advance broadband infrastructure Enhance and develop tourism infrastructure How will we achieve this? Foster partnerships with investors to co-fund and co-develop commercial projects that align with the Town's vision Collaborate with the Town's Internet Service Providers to regularly deliver updates on high-speed internet projects such as the Rogers Wellington County Fibre-to-the-Home (FTTH) project Engage the community in conducting a gap analysis to ensure that all broadband needs are met or that there is a plan in place that will guarantee coverage for everyone in the Town Support the development of new accommodations such as hotels, motels and bed-and-breakfasts Improve visitor amenities Upgrade wayfinding signage Encourage private investment in tourism-related projects Connecting existing commercial properties to water and water treatment facilities TOWN OF ERIN PAGE | 16 INFRASTRUCTURE IMPROVEMENTS 2. INFRASTRUCTURE IMPROVEMENTS Objective Actions Lead/ Partners Performance Measures 2.1 Prioritize and support the advancement of commercial projects and partnerships 2.1.1 Foster partnerships with investors to co-fund and co-develop commercial projects that align with the Town's vision Town of Erin (ToE) Measure the amount of financial investment secured through partnerships with private investor 2.2 Advance broadband Infrastructure 2.2.1 Develop and execute a communication plan to keep the community informed about broadband infrastructure developments and timelines ToE, Internet Service Providers (ISPs), Wellington County (WC) Ensure community satisfaction by providing clear high-speed broadband project updates and timelines 2.2.2 Conduct a Gap Analysis: Identify areas lacking adequate broadband coverage and develop a plan to address these gaps ToE, ISPs, WC Identify and address broadband coverage gaps 2.3 Enhance and develop tourism infrastructure 2.3.1 Tourism Information: Enhance the accessibility and reach of tourism information by adopting innovative and flexible approaches to engage visitors effectively. This could include pop- up visitor centers at major events, digital kiosks, or virtual information such as downloadable guides ToE, Central Counties Tourism (CCT) Track the number of visitors, their satisfaction, and spending 2.3.2 Improve visitor amenities by increasing the availability and accessibility of public washrooms in key locations, including parks, downtown areas, and popular attractions. This may include installing new facilities, upgrading existing ones, and ensuring proper maintenance ToE Track the number of new or upgraded public washrooms and measure visitor satisfaction through surveys PAGE | 17 TOWN OF ERIN 2. INFRASTRUCTURE IMPROVEMENTS Objective Actions Lead/ Partners Performance Measures 2.3 Enhance and develop tourism infrastructure 2.3.3 Work with developers and property owners to identify opportunities and incentives for new accommodations, including hotels, motels, and bed- and-breakfasts ToE, developers, property owners Track and report the number of new accommodations developed or expanded annually 2.3.4 Wayfinding Signage: Develop a Directional Wayfinding Master Plan and upgrade and enhance wayfinding signage to improve navigation for tourists ToE (Economic Development, Parks and Recreation, Roads) Measure the increase in tourism-related private investments 2.4 Build water and wastewater infrastructure 2.4.1 Explore opportunities to connect existing commercial properties to water and water treatment infrastructure ToE (Infrastructure department) Infrastructure connected PAGE | 18 TOWN OF ERIN 3 Fostering the growth and sustainability of our local businesses contributes to the Town's economic resilience. Through our commitment to Business Retention and Expansion (BR+E), we are cultivating an environment where our existing businesses can flourish. Our strategic initiatives to support BR+E include: Identifying and addressing major obstacles in focus sectors Providing growth and expansion incentives to help local businesses grow and expand their operations Leverage collaborations with partner organizations Promoting local commerce and encouraging residents to shop locally, boosting the local economy How will we achieve this? Conduct sector-specific BR+E studies to identify challenges and opportunities across focus sectors Develop comprehensive BR+E Action Plans to proactively support businesses and address identified challenges Provide programs that help local businesses grow, ensuring they remain integral parts of the community Offer ongoing incentives through the CIP to facilitate business expansion Partner with educational institutions to ensure a skilled workforce that meets businesses' needs Leverage partnerships with local organizations, such as the Erin Chamber of Commerce, Guelph-Wellington Business Centre, and Wellington County, to maximize business resource utilization Support and encourage "shop local" initiatives to strengthen the local economy TOWN OF ERIN PAGE | 19 BUSINESS RETENTION AND EXPANSION 3. BUSINESS RETENTION AND EXPANSION Objective Actions Lead/ Partners Performance Measures 3.1 Identify and address major obstacles in key sectors 3.1.1 Conduct sector-specific interviews with businesses in key sectors such as Equine, Retail, Entrepreneurship and Manufacturing to identify challenges and growth opportunities Town of Erin (ToE), Wellington County (WC), Business Community Conduct interviews with businesses from two key sectors annually 3.1.2 Develop and implement sector-specific action plans based on insights from BR+E studies to address business needs and encourage growth. Sectors of focus include agriculture, agri-food and equine, tourism, retail trade, entrepreneurship, construction, manufacturing and clean technology businesses. ToE Develop and implement sector-specific BR+E Action Plans Track number of BR+E participants, as well as businesses assisted, and challenges resolved through the BR+E Action Plan initiatives 3.2 Provide growth and expansion incentives 3.2.1 Actively promote the CIP to ensure businesses are aware of the incentives available to support expansion or green initiatives ToE Track number of businesses applying for and receiving CIP incentives, and the amount of investment, expansion and job creation resulting from CIP incentives 3.3 Leverage partnerships 3.3.1 Collaborate with partner organizations such as the Erin Chamber of Commerce, Erin Agricultural Society, Wellington County, Business Centre Guelph-Wellington or Boundless Accelerator to deliver workshops, business resources and training around the focus sectors, including entrepreneurship. Work towards development of a business mentorship and training site in Erin ToE Track the number of collaborations established with partner organizations PAGE | 20 TOWN OF ERIN 3. BUSINESS RETENTION AND EXPANSION Objective Actions Lead/ Partners Performance Measures 3.4 Support and encourage shop local 3.4.1 Implement targeted campaigns and events to encourage residents to support local businesses including agri-food, equine, tourism and retail trade ToE Measure increase in local sales through business surveys and feedback PAGE | 21 TOWN OF ERIN 4 Creating a vibrant, inclusive, and engaged community is fundamental to the Town of Erin's vision of being a place where both businesses and residents thrive. A vibrant community not only enhances the quality of life for residents but also attracts new businesses and visitors. Our strategic efforts to build a vibrant community include: Establishing a distinctive identity Downtown revitalization initiatives Placemaking activities How will we achieve this? Promote and develop arts and cultural initiatives to celebrate local talent Upgrade public spaces to enhance the Town's aesthetic appeal, prioritizing downtown areas for revitalization Foster a strong sense of community by encouraging public engagement in decision-making and community activities Provide consistent promotional support to increase the Town's visibility, attract visitors, and draw new businesses Collaborate with Wellington County and Central Counties Tourism (CCT) to amplify promotional efforts Promote inclusivity by ensuring all public facilities and attractions comply with AODA standards to be accessible to everyone PAGE | 22 VIBRANT COMMUNITY TOWN OF ERIN 4. VIBRANT COMMUNITY Objective Actions Lead/ Partners Performance Measures 4.1 Identity development and promotion 4.1.1 Create and implement a unique marketing strategy for the Town that reflects its distinctive identity Town of Erin (ToE) Completion of a comprehensive marketing strategy 4.1.2 Enhance online presence by regularly updating the Town's website and Discover Erin platforms with engaging content, and by utilizing Google Ads, social media campaigns and other marketing channels to boost engagement and promote attractions ToE Increased website traffic, social media engagement levels, compliance with AODA standards across digital spaces and reach of other promotional activities such as print 4.1.3 Develop and implement a tourism strategy ToE, Central Counties Tourism (CCT), Community Stakeholders Development and implementation of a tourism strategy, with measurable increases in visitor numbers 4.2 Downtown Revitalization and Placemaking 4.2.1 Develop a downtown streetscape furnishing plan to highlight our unique heritage districts and beautiful streetscape ToE Develop and implement a Downtown Streetscape Furnishing plan 4.2.2 Implement the streetscape plan by upgrading downtown areas with improved landscaping, signage, furniture, planters, hanging baskets, banners, lighting, trees, artwork and décor ToE Number of public spaces upgraded, with downtown revitalization milestones achieved Compliance with AODA standards across public spaces and facilities PAGE | 23 TOWN OF ERIN 4. VIBRANT COMMUNITY Objective Actions Lead/ Partners Performance Measures 4.2 Downtown Revitalization and Placemaking 4.2.3 Plan and execute community art projects to enhance public spaces and promote local creativity ToE, community arts groups and local talent Installation of 1 project annually 4.3 Expand Economic Development resources to manage demands 4.3.1 Allocate for an additional Economic Development Officer in the 2026 budget ToE, CAO and Treasurer Budget allocation approved PAGE | 24 TOWN OF ERIN TOWN OF ERIN PAGE | 25 The Town of Erin stands at a pivotal point as it prepares for significant growth. As we look to the future, the new Economic Development Strategic Plan will be essential in guiding the Town through this period of change, ensuring that both the needs of our growing population and the aspirations of our business community are met. This strategy reflects our commitment to fostering a vibrant, resilient economy by attracting new investments, supporting existing businesses, and enhancing our infrastructure. Through targeted initiatives, we aim to preserve the Town's character while embracing innovation and growth. The collaborative efforts of our internal departments and engagement with stakeholders are crucial in achieving these goals. The Town of Erin is not just preparing for growth; it is actively shaping a future where businesses and residents can thrive. CONCLUSION Thank YOU This Economic Development Strategic Plan is the result of a collaborative effort, with input from a wide range of voices across our community. We would like to thank all our partners for their participation and valuable contributions to the Town of Erin's new Economic Development Strategic Plan, including: The Town Council The Erin Economic Development Committee The Erin Chamber of Commerce The Wellington County Economic Development team The Workforce Planning Board of Waterloo Wellington Dufferin Additional participants in the focus group sessions: Ann Shanahan Team - RE/MAX Real Estate Centre Inc.,Brokerage Elliott Tree Farm Erin Auto Recyclers Erin Hill Acres Foodland Hillsburgh Greyden Equestrian Heartwood Cidery Rural Commons Tailwinds B&B The Erin Agricultural Society Tin Roof Café Yetti Construction Ltd Community members who provided feedback on our engagement platform erinengaged.erin.ca TOWN OF ERIN PAGE | 26