Why RENS?

Regional Cooperation

  • Increased ability to leverage government programs and services
  • Better enable municipalities to build on regional strengths and assets to attract and support businesses
  • Pool resources and combine talents to increase effectiveness, strengthen potential and improve outcomes
  • Ensure economic development activities are coordinated and strategic
  • Reduction of community rivalry and competition
  • Link municipal functions to support economic development (e.g. Planning, infrastructure, transportation, etc.).
  • Increased capacity to create economic development plans that benefit entire region

Clarity of Mandate

  • A sharper focus on regional economic development, priorities is identified, challenges met and opportunities capitalized on.
  • With a singular focus, RENs will help regions retain and expand businesses by providing access to a network of supportive partners that offer information and solutions. As navigators, RENs will help businesses access the appropriate government programs and services to address their needs.

Dollars and Cents

  • Doubling your investment in economic development with matching Provincial REN funding
  • Economies of scale, reduced administration/duplication and cost sharing
  • More efficient and cost effective service delivery

Competitiveness

  • Marketing larger, stronger regions with larger available workforces and greater assets
  • Development of regional tools to effectively attract investment and people
  • A better “face” for the promotion of the region to prospective external investment
  • Collaboration to make local businesses more competitive
  • Innovation and new ideas as networks expand
  • Expanded base of resources and expertise to pursue (and provide to) business

Leverage Government Programs and Partnerships

  • Increased ability to leverage government programs and projects with regional benefits
  • Organizational focus for partnerships with provincial and federal governments

Access to Information

  • RENs will create and provide centralized access to regional information and provide analysis on local business climate
  • RENs will also serve as a navigator of economic development programs