Finance committee approves economic development plan for Orléans

Catherine Kitts
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Tuesday, the City’s Finance and Economic Development Committee approved the Orléans Economic Development initiative known as the Community Improvement Plan.

 

“Too many of us are forced to commute into the downtown or other parts of Ottawa,” says Cumberland Ward Councillor Stephen Blais. “By attracting high quality jobs to Orléans we will ensure more of us enjoy a more balanced lifestyle and higher quality of life.”

While Orléans possesses a young, highly educated and bilingual workforce, employment opportunities in the community have consistently lagged behind population growth, largely because of its past difficulty in attracting major employers and investment to the area.

“Orléans is a great place to raise a family,” says Blais. “I believe it’s also a great place to locate your corporate office.”

To address the historical challenge, the Orléans Economic Development Plan includes the implementation of a Community Improvement Plan through which the City of Ottawa can provide financial incentives, in designated areas, to stimulate private sector investment.

“By offering important financial incentives we are hoping to attract thousands of new, high paying, high quality jobs to our community,” adds Blais. “As more Orléans residents can work closer to home, the less pressure will be placed on important infrastructure like HWY 174 and Transit.”

A Tax Increment Equivalent Grant (TIEG) grant program will provide property tax incentives to allow building owners to offer competitive lease rates to attract high quality jobs to Orléans.

"Private sector growth is important for Ottawa's growth,” says John Herbert Executive Director , Greater Ottawa Home Builders' Association. “Creating an environment to help employers succeed will lead to success for Ottawa and Orléans.”

The Orléans Community Improvement Plan is aimed at attracting knowledge-based employers to the community and increasing employment opportunities in Orléans. Specifically, the plan incents business development in the sectors of wireless; photonics; clean technologies; life sciences; aerospace and defence; and financial and government services.

 More to come on this story in next week's Orléans Star ... 

Organizations: Greater Ottawa Home Builders, Orléans Community Improvement Plan

Geographic location: Orléans, Ottawa

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