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Economic Strategy |
6.4 Strengthen industry clusters and entrepreneurship
Evaluate progress in building innovative clusters and sustaining an entrepreneurial market sector, and by rating Ottawa's innovative and competitive status against similar cities nationally and internationally.
Establish performance indicators and data sources for comparison, schedule for monitoring and strategy for updating/acting upon findings.
Possible indicators:
- Strong and diverse local economy: Increased import replacement. Increased
diversity of retail, manufacturing and service activities. Increase in tourism
and convention activity.
- Prosperity: High employment and increased quality of working conditions.
Improvements in wages per person and household income. Healthy returns to
shareholders.
- Increased cluster activity:
- Formation: Higher rates of enterprises being started, surviving
and growing to international scale within clusters.
- Expansion: Improved retention and growth of members of existing
and emerging industry clusters.
- Attraction: Increased in-migration of companies and new investment
in existing and emerging industry clusters.
- Increased value-added specialization (employment concentration)
- Better average annual growth rate relative to competing municipalities
for each regional cluster
- Movement of clusters from seed to emerging to expanding stages of
the life cycle
Next: 6.5 Promote Ottawa to the world
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