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Economic Development
The SD&G CFDC has enjoyed an excellent and long-standing relationship with the United Counties of SD&G to deliver their economic development activities. This is a unique situation among CFDCs in Canada and allows the United Counties to benefit from economic development services as well as leverage greater benefit from closely tied CFDC programs and activities.
Typically, these services have centered around the following functions:
- Facilitating the growth, expansion, or restructuring of businesses within the SD&G region.
- Assisting businesses in establishing or locating within the SD&G region.
- Providing economic development services, advisory services, and consultative expertise.
- Assistance with accessing various development programs and incentives.
- Acting as government / industry liaison.
- Investment attraction.
- Providing direct investment into projects through our Community Ventures Capital Fund.
- Actively promoting the region, and its capabilities, to national and international decision makers.
In accomplishing our goals and objectives in strategic economic growth and diversity, the SD&G CFDC works closely with regional, provincial and federal economic development agencies, research institutions, regulatory institutions, financial institutions and other relevant agencies.
Location
With the City of Cornwall at the heart of the region, the United Counties of Stormont, Dundas and Glengarry has become known as a vibrant commercial, industrial and agricultural area, or in other words, The Eastern Gateway to Ontario. Home to over 114,000 people, the United Counties lies between three influential urban centres in North America (Montreal, Ottawa, Toronto), and accordingly is well serviced by the transportation, telecommunication and service networks. Still, the natural beauty of the region has been well preserved, leading to unique agricultural development opportunities and a quality of life that is second to none.
For more information on the region, check out the United Counties' official web site, located at www.sdg.on.ca or the City of Cornwall's web site, located at www.choosecornwall.on.ca.
Investment Attraction
Investment Attraction is a strategy focusing on bringing new business investment to a community. A number of key components enable the SD&G CFDC to target either commercial or industrial retention or attraction:
- attracting investment based on community strength
- optimizing the municipalities public resources
- developing supply chain and multiplier-effect linkages
- establishing and taking advantage of cluster-related synergies
- promoting innovation and productivity, investing in human capital
The SD&G CFDC engages in a comprehensive and strategic marketing plan and conference/trade show attendance to attract business to SD&G.
It also maintains the economic development section of the United Counties website www.business.sdg.on.ca
The SD&G CFDC maintains the SD&G Community Profile which outlines a number of community health metrics, statistics and resources. It is updated annually (last update March 2010).
Corporate Call Program
The Economic Development Officer (EDO) calls on 65-80 businesses in the region annually. The EDO provides liaison with government personnel and programs and must be conversant in available funding from entities such as OMAFRA, NRC, MEDT, etc.
The EDO also gathers information on existing businesses and becomes knowledgeable on plans and intentions in order to (1) be aware of what is operating in SD&G and (2) provide future assistance.
The EDO maintains the SD&G Business Directory and works with the United Counties Planning personnel with the Geographic Information System (GIS).
Partner Organizations
Economic Developers Council of Ontario (EDCO)
Economic Developers Association of Canada (EDAC)
Ontario East Economic Development Commission
