Community Economic Sustainability
Goal: Encourage economic hubs for service provision efficiency and economic growth
Objective: Establish economic hubs to create a climate for efficient service provision and economic growth.
Þ Update the commercial gap analysis every five years.
Þ Participate in development review of mixed use proposals.
Goal: Encourage job creation opportunities in developments
Objective: Encourage developments applications which include opportunities for job creation
Þ Promote Port Moody in suitable publications (Canadian Business, BC Business, Business in Vancouver, etc.)
Þ Estimate job creation counts for each development proposal as part of the sustainability checklist project review
Goal: Encourage revitalization to attract investment
Objective: Increase the number of revitalization projects
Þ Explore fostering heritage revitalization through legislative tools and incentive programs.
Goal: Leverage culture as economic driver
Objective: Support the cultural sector to contribute to the economic vitality of Port Moody.
Þ Collect statistics as to the economic contribution of the cultural sector.
Þ Propose an initiative to monitor the increase and decrease of cultural businesses in the city.
Þ Encourage coffee shops, banks, and retailers to display visual/exhibited art and incorporate performance art in their establishments
Þ Continue to support festivals and events that bring tourism dollars into the community.
Þ Encourage the private sector to sponsor cultural events that bring revenue and business opportunities into the community
Goal: Maintain a diversified tax base.
Objective: Encourage a range of land uses that support a diversified tax base
Þ Encourage the incorporation of non-residential uses in all suitable developments
Goal: Press for municipal share of taxation of economic growth
Objective: Advocate for legislation that allows municipalities to share a portion of tax revenue derived from economic growth.
Þ Partner with other municipalities in the region through UBCM, FCM, Metro Vancouver committees, and other professional organizations to raise awareness of the inequities of the municipal taxation system and achieve a share of the financial benefit of economic growth
Objective: Legislation allows municipalities to share a portion of tax revenue derived from economic growth.
Þ Lobby against the port properties tax cap