Economic Development Strategy

1. Identify Economic Pillars and Foundations

Pillars are the industrial sectors which the CEE will focus on which were selected based on the following criteria:

• Best fit with existing capabilities
• Greatest potential for new products, services and technologies
• Current and emerging market demands
• Long-term growth potential

The Foundations are the cross cutting core competencies that the pillars rest on.
These are areas in which the CEE can be a research leader and support economic development.

2. Invest in Post Secondary Education, Research and Development

Advance post secondary education to position the region at the leading edge for the selected pillars by expanding and developing:

• Infrastructure
• Human resources
• Expertise
• Programming

3. Nurture Industrial Development

Establish mechanisms to fast-track industrial development in the pillars by:

• Enhancing existing programs which assist in business start-up
• Attracting businesses or branches from other areas
• Introducing new technology/services
• Management and human resources development
• Commercialization of new products and services