Penticton moving to new phase in economic development with long-term strategy | iNFOnews | Thompson-Okanagan's News Source

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Penticton moving to new phase in economic development with long-term strategy

The City of Penticton hopes take advantage of a recent boom in construction activity, using the momentum to move forward with its economic development strategy. In photo, two new apartment buildings, Valleyview Apartments by Broadstreet Properties, begin construction on Kinney Avenue.
July 20, 2017 - 2:30 PM

PENTICTON - The City of Penticton is taking advantage of a recent boom in construction and business activity, using the momentum to develop a long-term economic development strategy.

The City recently partnered with industry groups to prepare a 2017 business climate survey.

Information provided by business will become an important part in the City’s strategic planning process by providing the basis for a five year strategic plan for economic development.

The survey will also provide some up to date information with respect to the current state of the local economy.

Partner organizations include the Chamber of Commerce, the Downtown Penticton Association, Travel Penticton and the Penticton Industrial District Association.

“Over the past few years Penticton has been focused on Economic Development and revitalization and we are now experiencing some momentum as confidence has been building.  It is now time to re-evaluate and adjust our plans for moving forward,” Mayor Andrew Jakubeit says, adding the City is experiencing an upswing in activity in construction and business and need to look at how they can make it continue.

A cross-section of 100 businesses will be sampled, representing various economic and business sectors and sizes that make up the local economy. The survey should be completed by November, with results compiled for release to the public before the end of the year.

The data will be used to identify immediate business concerns, identify key strengths associated with doing business locally and help build capacity to sustain growth and development.

All businesses are invited to go online to to schedule an appointment.

To contact a reporter for this story, email Steve Arstad or call 250-488-3065 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

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