Nord-Aski Regional Economic Development Corporation

 

1500 Front Street, P. O. Bag 6000

Hearst, Ontario - POL 1N0

 

(800)-495-7750

(705) 362-7355

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CED & STRATEGIC PLANNING

Community Economic Development

 

Community Economic Development (CED) is an overall approach to development whereby communities take charge of their own economic and social future and chart the course they will follow to realize their goals.

 

Nord-Aski REDC works closely with private and public sector partners to assess local and regional issues and to look at new ideas and opportunities that can strengthen the economy. In consideration of the unique circumstances of the local area, we plan and help implement development strategies that are designed to build brighter futures for all area residents.

 

Strategic Planning

 

Community Futures Development Corporations are active partners in the creation of strategic plans that guide local economic development.  During consultations, a broad cross section of community stakeholders normally including the private sector, non-profit organisations, municipalities, education, labour and First Nations, cooperate to build a common vision.

  • Decisions, where possible, are made by consensus.

  • Economic social, cultural, environmental and other factors important to the community are considered.

  • The strategic plan unites the various stakeholders in the community toward a common purpose.

  • People and other resources are then identified and mobilised.

  • The community strategic plan is the map for the work of a CFDC and its partners.

 

A strategic plan includes these basic elements:

  • mission statement, goals and values

  • assessment of needs

  • high priority objectives

  • strategies for achieving results

  • framework for implementation

  • who will do each task

  • how the outcome is measured


Strategic planning tools include:

  • community profiles

  • labour market information

  • business and other databases

  • economic data

  • community networks and organisations

  • citizen participation