HOW THE CITY OF TERRACE MAKES A BIGGER ECONOMIC DEVELOPMENT IMPACT
Terrace is a small city with a big economic development program. The City’s primary focus is on business and investment attraction as well as supporting local business retention and expansion. With just one economic development officer and limited budget, the City enlisted Localintel as its online economic development assistant to bolster its capacity.
Localintel helps the City achieve its economic development goals in 3 ways:
- An Investment Portal
- Improving engagement with the City’s website
- Investment Brochure
This case study shows how the City of Terrace has reused a single set of Localintel tools in 3 different ways to maximize their exposure, value and impact. In addition to creating a valuable set of business attraction assets, Localintel’s tools are being heavily used by local businesses to help with location and expansion decisions. Furthermore, City staff and partner organizations like Community Futures use the tools to track key indicators and assess loan applications.
“With the help of Localintel we have created a comprehensive platform to promote the City’s strengths,
engage businesses and help us start discussions.”
Deklan Corstanje, Economic Development Manager, City of Terrace