On January 23, 2019, the City Council approved a motion directing City Staff to draw up a Community Improvement Plan (CIP) designed to drive jobs and investment in Brampton.
The proposed CIP will focus on incentivizing economic sectors identified by Brampton’s economic masterplan: advanced manufacturing, innovation and technology, health and life sciences, entrepreneurship, and green and sustainable technology.
The proposed CIP will also formulate ways to attract and revitalize specific zones within Brampton for uses such as office, mixed use, and industrial manufacturing.
The purpose of a CIP is to establish programs that link land use planning with financial and other tools as incentives to attract investment and achieve the City’s land use planning and economic development goals. CIPs can enable municipalities to provide grants and loans to stimulate private sector investment in targeted areas of the community, and may include maintenance, rehabilitation, development and redevelopment of specified areas with a municipality.
Mayor Patrick Brown said: “Bringing more jobs to Brampton is a number one priority at City Hall. The city needs 140,000 new jobs by 2040, which is an important part of the 2040 Vision. Introducing a new CIP that allows us to incentivize our key industrial sectors and set the stage for growth is a step in the right direction.”
Councillor Gurpreet Dhillon, Chair, Economic Development and Culture, said: “The Council is looking at a variety of ways to attract investors, encourage entrepreneurship, and build a culture of innovation in zones across the city. CIPs are an important tool for marketing the City of Brampton and providing it with a competitive advantage. It is one more important way that will make our city one of the best places in which to live, work and invest.”
Councillor Paul Vicente, Co-Chair, Economic Development and Culture, said: “Besides monetary incentives through CIPs, we are working to further simplify some of the municipal processes that will make it even more profitable for organizations to invest and bring more jobs to Brampton. More local employment for our residents will mean less time and stress involved with out-of-city commutes, allowing them to pursue more activities outside of their working lives.”