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ECONOMIC DEVELOPMENT
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planning for economic development
2 Barre City recognizes the connection between the health and well-being of our local economy and of 3
- ur residents. To achieve our vision for a healthy future, Barre City continues its efforts to attract and
4 retain businesses that pay a living wage, provide health insurance benefits, and match existing levels 5
- f workforce education or provide job training.
6 7 A vital, balanced and resilient local economy is essential for community well-being. Studies have 8 shown that a strong economy is a good indicator for the health of community residents. By 9 strengthening the local economy, we can create and retain desirable jobs that provide a good 10 standard of living for workers and their families. Increased business activity, personal income and 11 wealth will increase our tax base, allowing the city to provide affordable community services and 12 amenities. 13 14 What creates a good environment for economic development? Some common themes emerge when 15 you ask business owners and economic development specialists that question: 16 17 Lower taxes 18 Less regulations 19 Fair and efficient permitting 20 Economic development incentives and programs 21 Quality, availability and affordability of appropriate space/land 22 Quality, availability and affordability of housing 23 Quality, availability and affordability of infrastructure (transportation, water/sewer, 24 communications, electricity, etc.) 25 Workforce availability and skill, and workforce training opportunities 26 Quality of life needed to attract and retain skilled/trained workers 27 Level of commitment to and investment in the community’s future by the municipality, 28 residents and other business owners 29 Childcare quality, affordability and resources. 30 31
key points
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- 1. Facilities and Infrastructure. The contraction of the industrial and manufacturing sectors has
34 left our city with some vacant, obsolete or under-utilized land and buildings. While clearly a 35 challenge, these sites and buildings also present an opportunity for new uses and revitalization. 36 The basic facilities and infrastructure needed to support a healthy local economy already exist in 37 Barre City. 38 39
- 2. Downtown Revitalization. Downtown Barre serves as a regional commercial center. The second