Why Regional Enterprise Networks?
- 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, Regional Enterprise Networks (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
- 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