Economic Development

The strength of our economy is the foundation for supporting our entire community.

At the City of Victoria, we understand the importance of economic development and are committed to attracting and retaining businesses. 

Based on community input, the Mayor’s Task Force on Economic Development and Prosperity has developed the Making Victoria: Unleashing Potential - Economic Action Plan [PDF - 704 KB]. The plan was approved by City Council on October 29, 2015.

The plan identifies six primary “engines" to drive Victoria’s businesses, generate jobs, raise household incomes, and increase well-being over the next four years.

A Business Hub has been established at City Hall to streamline and demystify business and development processes; make it easier to do business in Victoria; advise on how to reduce unnecessary red tape; connect entrepreneurs with the resources they need; and accelerate the development of a vibrant downtown.

Established in April 2015, the Task Force’s mandate was to advise on how City Hall can best deliver an economic development function that will increase the genuine well-being of citizens. Working with its many partners, City Hall has a role to play in increasing household incomes by making it easier for business to thrive and by supporting entrepreneurs and innovation. Learn more about the Task Force.

“Creating Prosperity Through Economic Development” is a key objective of the City of Victoria’s strategic plan for focus and investment over the next four years.

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