The City of Cambridge Economic Development Division provides guidance and leadership to continue Cambridge's successes now and in the future. Under the 2019/2020 City of Cambridge Business Plan, the Economic Development Division collaborates with departments across the corporation and provides necessary leadership to create a City that welcomes business, innovation, growth and development.
What we do |
Our Economic Development staff participates in a number of activities to improve the City's economy, including:
- Encouraging new investment in Cambridge
- Developing and compiling targeted, strategic economic development data and information to support business decision making
- Assisting potential investors with site selection research, including detailed statistical and market information on the City's business environment
- Publishing an inventory of available privately owned for sale, as well as industrial and commercial buildings for sale or lease
- Acting as a community salesperson and goodwill ambassador by participating in trade shows, investment seminars, special events and hosting visiting delegations
- Acting as the principal liaison between City Council and the business community
- Facilitating dealings with various City departments
- Supporting existing businesses with their expansion needs
- Having regular contact with the business community through networking and the business retention program
- Identifying needs and challenges to help improve the overall business climate
- Bringing companies together to promote and support local procurement, joint ventures, technology transfer opportunities and strategic partnerships
- Sourcing products and services from local companies
- Encouraging and participating in partnerships, business networks and industry cluster development
- Providing information on government programs and services available to business, such as trade missions and export opportunities
- Assisting small business and new entrepreneurs to establish in Cambridge
- Acting as a counselor, referral agent and facilitator to meet the needs of new and emerging small business enterprises
- Providing information, consulting assistance, seminars and resource material through the Waterloo Region Small Business Centre (WRSBC )
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Our responsibilities |
The Cambridge Economic Development Division's responsibilities include:
- Supporting the Waterloo Region Economic Development Corporation (Waterloo EDC), the Cambridge Chamber of Commerce and other key community partners
- Participating in land sale activity for local expansion of existing business and new investment growth
- Involvement in servicing of industrial land and subdivisions in the L.G. Lovell and Cambridge Business Parks
- Assisting and supporting small business and existing business through promotion, marketing and awareness
- Marketing, promoting and assisting the Core Areas with retail and office development, and enhancement of the commercial base
- Organizing and participating in special projects, aimed at recognizing business, increasing awareness of film and television opportunities and building on the strengths of the community
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Advisory committees |
Staffs from the City's Economic Development Division also participate in a number of advisory committees, including the Core Areas Revitalization Advisory Committee and Economic Development Advisory Committee. |
City launches new Economic Development video "Alive with Opportunity" that showcases the recent investment in the City