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Economic Development Strategy - Proposed Guiding Principles and Public Engagment Feedback

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Guiding Principles have also been identified as lenses that would be considered as each goal area is developed, and throughout strategy development. Guiding Principles Rooted in what we heard through public engagement, early research and analysis, and in aligmnent with Council's Strategic Plan and other City strategies, four Guiding Principles are proposed to inform the way in which the Strategy's vision, goals, and key initiatives would be developed: 1. Forward-Looking and Resilient • Build on Richmond's strengths and assets to create the conditions for strategically ambitious, long-term economic prosperity, while also designing for resilience as challenges and opportunities evolve. 2. Inclusive Prosperity and Shared Opportunity • Facilitate economic growth that is equitable, accessible, and broadly shared across sectors and diverse communities, considering both people and the environment at the centre of growth. 3. Collaborative and Partnership-Oriented • Foster strong partnerships with businesses, institutions, community organizations, and other levels of govermnent to leverage shared opportunities and build a high- functioning, connected ecosystem. 4. Leveraging the City's Role Next Steps • Support and facilitate the conditions for innovation, investment, and growth through the deliberate and strategic use of the City's tools, resources, and expertise.

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