Review the draft Economic Development Strategy
The City has developed a draft Economic Development Strategy to help inform Richmond's economic future over the next decade. It builds on feedback from businesses and community members, economic research and analysis, and the Guiding Principles.
Now, we would like to know what you think of the draft Strategy. Please review the draft Strategy in the Document Library and complete the survey below. ⬇️
What is in the draft Strategy
The draft Economic Development Strategy proposes a Vision, Strategic Objectives, and associated Outcomes and Actions to help inform Richmond’s economic direction over the next ten years.
Proposed Vision
Explore the proposed Strategic Objectives and Associated Outcomes
Expand access to economic opportunity and ensure the benefits of growth are broadly shared.
- Outcome 1.1 - Inclusive Employment Opportunities: Actions focus on connecting employer and workforce needs, convening employers to advance inclusive hiring practices, promoting pathways into the trades, and exploring social enterprise programs that connect under-represented groups with employment opportunities.
- Outcome 1.2 - Expanded Local Entrepreneurship: Actions focus on promoting existing entrepreneurship supports, increasing knowledge of and access to procurement opportunities, exploring innovative partnerships between the public and private sector, and partnering with service providers to support local business succession.
- Outcome 1.3 - Wider Workforce Participation: Actions focus on identifying and addressing location-specific gaps in workforce supports, such as transit and child care, and exploring opportunities for coordinated employer investment in shared workforce supports.
Position Richmond as a hub for designing, piloting, and scaling solutions that create tangible value.
- Outcome 2.1 – Mature Ecosystem: Actions focus on exploring an applied innovation mentorship program, facilitating research partnerships between local businesses and polytechnic institutes, connecting businesses with existing technology demonstration programs, and convening local business networks to support collaboration.
- Outcome 2.2 – Robust Cluster: Actions focus on assessing demand for lab and production space, developing a targeted investment attraction approach, strengthening partnerships with regional, provincial and national investment attraction organizations, and exploring opportunities to leverage City assets for applied technology demonstration.
Support businesses and the workforce to adapt to changes in the economic environment.
- Outcome 3.1 - Thriving Local Businesses: Actions focus on expanding the Business Development Program's community-building and digital outreach, continuing to improve permitting through the City's "MyPermit" initiative, advancing a commercially-focused food hub initiative, and exploring targeted re-skilling supports for sectors affected by automation and emerging technologies.
- Outcome 3.2 – Future Ready Infrastructure: Actions focus on supporting electrification and/or emerging technologies to power commercial fleets, advocating for goods movement infrastructure improvements, exploring an eco-industrial business park in partnership with Lulu Island Energy Company, assessing sector-specific transformation needs, and continuing to expand district energy systems in Richmond.
Unlock the full potential of Richmond's employment lands by protecting and enhancing existing assets, including improving access to servicing and amenities where needed.
- Outcome 4.1 - Highly Productive Employment Areas: Actions focus on protecting and enhancing designated employment lands including transit-oriented development areas, advancing site servicing in specific under-developed industrial areas, exploring performance-based zoning around well-connected waterfront sites, and exploring new forms of agri-industrial activity and agri-tourism to strengthen farm viability.
- Outcome 4.2 – Amenity-Rich Mixed-Use Areas: Actions focus on attracting and growing businesses in City Centre, strengthening suburban mixed-use village centres, supporting placemaking through wayfinding and tourism initiatives, exploring temporary activations of underutilized spaces, and expanding the mobile vending program.
How to get involved
- Please review the draft Strategy before sharing your feedback.
- You will need to sign in/register to complete the survey (it takes less than a minute.)
- Feedback will be accepted until 11:59pm, Sunday, October 25, 2026.