Economic Development Plan 2024-2029
The Town of Oakville is preparing an update to its Economic Development Plan for the 2024-2029 five-year period.
As Oakville continues to grow and thrive, it remains a desired place to live with a strong, growing, and educated workforce to support the economy.
Oakville's five-year economic development plan will focus on developing and communicating the town's competitive position in our key sectors and amongst business leadership, raising Oakville's profile in the Greater Toronto Area and laying a foundation for the attraction of investment from national and international sources. It will also focus on supporting the needs of the existing business community, and growing a culture of innovation.
Assisting the town is Deloitte LLP's Economic Advisory team.
On June 24, 2024, the Economic Development Plan: 2024-2029 – Draft Strategic Directions staff report was endorsed for public consultation by Planning and Development Council. The report includes background research and analysis, information on engagement and outlines four proposed strategic directions and subsequent actions aimed at fostering a resilient and thriving local economy:
The proposed strategic directions are supported by extensive research and background analysis, including engagement with a diverse group of key internal and external stakeholders.
An online feedback form was available to the public until August 16, 2024.
The feedback collected through public consultation will be reviewed and incorporated into the final Economic Development Plan, which will be brought forward to Council for approval in winter/spring 2025.
When the final Economic Development Plan is brought forward to Council, members of the public will have another opportunity to share their feedback by delegating at that meeting. To learn more about how to delegate, please visit the Town of Oakville's Delegations and Presentations page.
The strategy speaks to the collective aspirations that emerged as priorities for a diverse and prosperous economy in Oakville. It is based on a comprehensive understanding of the town, businesses and stakeholders. It leverages the town’s strengths, competitive advantages and opportunities as well as addresses challenges.
The town’s current economic development strategy has three goals: attracting new investment; responding to the needs of local businesses; and supporting our commercial districts.
