Economic Guidelines
Below is a list of economic goals and objectives, specifically oriented around economic sustainability drivers, along with descriptions about why Longlands believes these goals and objectives are relevant to the project and the larger community.
GOAL 1: Employment and Economic Vitality
Objectives:
- Provide a broad range of permanent employment opportunities by sector, type, and income level
- Increase opportunities for training and education
- Create a community of enduring value
- Optimize the return on investment for residents, retailers, commercial operators and the project developers
Why is this important?
- Stable employment and economic vitality are necessary to maintain local and regional economies, and in turn ensure quality of life; and
- A viable ROI is necessary for project development and sustained commercial activity on site.
GOAL 2: Diversification and Enhancement
Objectives:
- Create a net increase in the local property tax base
- Promote diversification of the local economy
- Create spin-off opportunities for primary and service sectors
- Promote value-adding of local resources
- Support local business and producers
- Increase demand for locally extracted / produced materials
- Positive contributions to economic diversity and enhancement translates into a future stability for the mixed-use development;
Why is this important?
- New development will positively affect the economics of the surrounding neighbourhood and community at large;
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The new emerging green economy will become a critical economic driver for communities in the future and represents a way to future-proof the Comox Valleys’ employment stability.
GOAL 3: Efficient Infrastructure and Operational Cost Savings
Objectives:
- Minimize reliance on existing municipal infrastructure and services through the maximum use of on-site utilities
- Provide long term, stable utility costs and operational cost savings for energy, water, and building maintenance • Reduction in reliance on existing municipal infrastructure elements reduces long-term operations and maintenance costs and future need for system expansions.
Why is this important?
- Stable utility costs translate into a stable residential-commercial population and community cohesion.
