Town of Stony Plain Unveils Visionary Economic Development Strategy and Action Plan

Town of Stony Plain news

STONY PLAIN, AB: The Town of Stony Plain is announcing the launch of its Economic Development Strategy and Action Plan, aimed at being future ready to anticipate and adapt to emerging trends and opportunities in a rapidly evolving economic landscape. Crafted in collaboration with a third-party subject expert, the Strategy and Action Plan serves as a roadmap for the town’s economic growth and diversification over the next five years. This comprehensive plan embodies our commitment to fostering a vibrant and sustainable community that offers opportunities to for residents and investors alike.

The Strategy and Action Plan is meticulously designed to elevate Stony Plain's economic landscape, creating a conducive environment for innovation, entrepreneurship, and job creation. Here's a glimpse of what the plan entails:

1. Create an attractive, investment, and future-ready community: By enhancing our infrastructure and amenities, we aim to attract investors and businesses seeking a dynamic and forward-thinking environment.
2. Bolster strategic partnerships and collaborations: We recognize the power of collaboration and are dedicated to forging strong partnerships that will amplify our collective impact and foster growth.
3. Enhance the local business ecosystem: Our plan includes initiatives to support local businesses, empower entrepreneurs, and nurture a thriving ecosystem that stimulates economic vitality.
4. Optimize municipal services: We are committed to streamlining processes and improving efficiency to better serve the needs of our residents and businesses.

Vision and Values:

Our vision is to see Stony Plain emerge as an equitable and attractive destination where everyone actively enjoys the rewards of economic opportunities, creating a thriving and inclusive community. Our values - to be future-ready, unforgettable, bold, agile, trusted partners, and resilient - guide our actions and inspire us to strive for excellence in all endeavors.

The Economic Development Strategy and Action Plan outlines specific goals and objectives further broken down into supporting actions to be taken, phased prioritization, key performance indicators for monitoring progress, and resource considerations.

Mayor William Choy expressed excitement about the plan, stating, “The Economic Development Strategy and Action Plan reflect our collective vision for Stony Plain's future. It lays the foundation for sustainable growth, job creation, and enhanced quality of life for our residents.”

Residents and investors are invited to explore the full details of the Economic Development Strategy and Action Plan, available on the Reports, Studies and Plans page.