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The Town of Prescott's First Annual Economic Development Summit


The Town of Prescott's First Annual Economic Development Summit

PRESCOTT- The Town of Prescott is hosting its first annual Economic Development Summit this Friday, September 29 at the Prescott Golf Course. The theme of the Summit for 2017 is Progress Prescott: A Vision for Our Future, and it will feature a discussion of the future of Prescott business and the many strides that the town has made in terms of economic and community development.

"I'm really looking forward to this first big event and committed to doing what we can to make sure that this will be something to look forward to on the calendar every year from now on," said Mayor Brett Todd, who will welcome guests and contribute a presentation on all that the Town of Prescott has done to make itself business-, investment-, and resident-ready. "Helping existing businesses and working at attracting new investment and job creators is a huge and growing part of what we are doing at town hall with our new Economic Development Office. So it will be great to let everyone know what's happened already and what's on tap for the near future."

The Summit will also feature regional guests including Mayor Doug Malanka from Augusta Township and Mayor Pat Sayeau from the Township of Edwardsburgh-Cardinal who will provide news and updates on the economic and community development initiatives in both communities. The region has taken a collaborative approach in recent years. The evolution of the St. Lawrence Corridor Economic Development Commission, a regional economic development body representing seven Leeds and Grenville municipalities along both the St. Lawrence River and Hwy. 401, is a top example of this. Organization chair and leading area businessman David Beatty of Canarm will be providing an overview of the commission and its plans as part of the Summit.

Prescott's Business Retention and Expansion (BR+E) Final Report and Action Plan will also be discussed at the meeting. Results of this nine-month look at the current state of business in Prescott based primarily on sixty-six interviews with local business owners will be presented. Many positives were uncovered in the study, including the key fact that 75% of owners projected sales increases in the next year and 38% had planned expansions in terms of space, workforce, or both. The BR+E process revealed that the Prescott business community is invested in Prescott's potential and is eager to support progress in the Town.

Anyone who is invested in business progress in Prescott is welcome to attend the breakfast meeting from 7:30 a.m. to 10:00 a.m. For more information or to register for the Summit, contact Jackie Schoemaker Holmes, Economic Development Officer, at 613-925-2812, ext. 6221 or jschoemakerholmes@prescott.ca.


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