Thunder Bay CEDC Releases Strategic Plan Update


think outside the boxTHUNDER BAY – The Thunder Bay Community Economic Development Commission (CEDC) released the 2010-2012 Strategic Action Plan today, incorporating feedback from a Strategic Planning Review session attended by 46 community stakeholders in January 2010.

The first Strategic Plan was introduced in August 2008 to develop a roadmap for the allocation of strategic resources for sector development in Thunder Bay and the region. The strategy was critical to the restructuring of the local economy, particularly in the forestry sector.

“Thunder Bay’s economy is definitely becoming more diversified, and the CEDC has been active in leading and supporting many initiatives that have contributed directly to that outcome,” stated Tim Commisso, Thunder Bay City Manager.

The 2010-2012 Strategic Plan will allow the City to set priorities and ensure the proper resources are in place to capitalize on Thunder Bay’s exciting growth opportunities.

“We went through some tough times before the global downturn began. We recognized the need for change, and our growth potential is much more positive than many other hard hit Canadian community.” said Paul Inksetter, Vice Chair of CEDC.  “We carefully assessed our strengths, and things are definitely looking much brighter for us now. This plan will guide us on our way forward.”

The CEDC receives formal proposals for projects that will contribute to economic development, and responds quickly to new opportunities and initiatives to attract direct financial involvement from government and private sectors.

“We continue to witness unprecedented global changes and evolving supply chain networks in response to the developing world’s appetite for commodities, which we have in obundance,” said Steve Demmings, CEO for CEDC. “There is significant interest and investment, particularly in the mining sector. The CEDC is preparing for significant growth opportunities ahead.”

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