About The Kingston Economic Development Corporation
The Kingston Economic Development Corporation was established in 1998 as a separately incorporated not-for-profit agency. Kingston's Economic Development Corporation is governed by a twelve member Board of Directors with representation from the business community and municipal council (Mayor and three annually appointed councillors).
As the sales and marketing arm for the City of Kingston, Kingston's Economic Development Corporation is committed to the key issue of long-term economic sustainability. The Kingston Economic Development Corporation's success is based on the attraction of new business, the growth and retention of existing business and tourism opportunities as measured by the resulting economic impact on our community. With support from a team of 18, Kingston's Economic Development Corporation oversees both business development and tourism marketing initiatives for the City of Kingston and operates a Small Business Centre (945 Princess Street) and Visitor Information Centre (209 Ontario Street).
The Kingston Economic Development Corporation's $3 million annual budget is generated through funding received from the City of Kingston (89%), provincial and federal investment (4%) and private sector support/revenues (7%).
An innovative city where private and public enterprises thrive, individuals and entrepreneurs grow, and a diversity of people want to visit, live, work and do business.
Provide dynamic and collaborative leadership by leveraging Kingston's unique assets to create jobs and investment in order to sustain, grow and transform Kingston's economy to meet the needs of the 21st century. We aim to be one of Canada's leading economies.
Corporate Values & Principles
The Kingston Economic Development Corporation is committed to:
The strength of an economy is the foundation for supporting the entire community. A strong business sector attracts investment, workers and visitors to the city. This in turn creates a stronger, more vital community which delivers a better quality-of-life through investments in infrastructure, recreation, arts and culture, social programs and environmental initiatives. Kingston's current seven billion dollar annual economic output is built upon its reputation and experience as entrepreneurs and leaders in new innovations. As a stable, diversified public/private sector, Kingston provides all the elements of an excellent place to invest. The community has benefited from stable growth over the past five years and now is the time for the Kingston Economic Development Corporation to establish a leadership vision to push the agenda for ensuring Kingston remains one of the most competitive places to do business in Canada.
Core Areas of Focus
A strong economic development strategy leads to job growth, new investments and an overall increase in economic output. With a focus on jobs and investment, both the creation of new and the retention of existing, Kingston's Economic Development Corporation leadership and success will be measured by an ambitious goal of facilitating the attraction and creation of 5,000 jobs and $500 million of new investment for Kingston by 2020.
The Kingston Economic Development Corporation's Strategic Plan 2015-2020 remains committed to the overarching goals of attracting and retaining jobs and investment for the city of Kingston. In order to grow the city's productivity and create new jobs for its citizens, the Kingston Economic Development Corporation has identified key issues of fundamental importance:
Measures of Success
New positions which the Kingston Economic Development Corproation has assisted with the attraction, recruitment or retention.
New monies invested in the community through new build, lease, government grants and salaries.
Direct support to local companies and start-up ventures.
SALES CALLS/COMPANY VISITS
Outbound contact with local companies and target leads
ECONOMIC IMPACT OF EVENTS
Impact of sporting events & conferences which the Kingston Economic Development Corproation has assisted with attraction or retention.
Prospect for creation of a new job or new investment which Kingston's Economic Development Corporation has actively assisted.
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