The Township of Springwater adopted its first Economic Development Strategy in June 2010. The strategy, which was developed through extensive public and stakeholder consultation, identifies five key goals to improve prosperity within Springwater over the subsequent five years.
Since adopted, the Economic Development Working Group (EDWG) along with staff have been working to implement the various action items in order to achieve the overall goals of the plan.
Economic Development staff are currently working on the following initiatives:
Community Improvement Plan
Council has endorsed a new Community Improvement Plan (CIP) for the Township. A Community Improvement Plan allows municipalities to establish grants, loans, incentives and other programs to encourage private sector investment in development and renovation efforts that seek to improve and revitalize areas or achieve local goals and priorities
The Community Improvement Plan endorsed by Council includes 8 programs:
- Façade Improvement Program
- Signage Improvement Program
- Building, Restoration, Renovation and Improvement Program
- Development Charge Rebate Program
- Planning and Building Permit Fee Rebate Program
- Heritage Improvement Program
- Tax Increment Equivalent Financing Program
- Accessibility Improvement Program
Each program will have a maximum funding amount, specific and general eligibility criteria and a review process to determine appropriateness. Council will have the option of activating and de-activating programs as they see fit. The program is expected to be rolled out throughout the next couple of months.
For more information visit the Community Improvement Plan webpage.
Municipal Cultural Plan
The Economic Development Strategy identified opportunities to partner with existing festivals and events, as well as community groups to better promote the municipalities cultural assets (festivals and events, natural heritage, arts and culture, tourism, places and spaces). In 2011, the Township was awarded a Creative Communities Prosperity Grant from the Ministry of Tourism, Culture and Sport for the creation of a Municipal Cultural Plan. This strategy will recognize the many cultural assets that Springwater is fortunate to encompass and identify a plan to promote and celebrate Springwater’s unique culture. A steering committee meets monthly to provide input, review and discussion regarding the progress of the plan and consists of public stakeholders representing the following industries: arts and culture, tourism, recreation, regional economic development, festivals and events and heritage.