The 2023–2025 Economic Development Action Plan, adopted in October 2023, provides a roadmap for strengthening economic resilience, attracting investment, and enhancing community vibrancy in the Township of Esquimalt. Developed to align with Council’s Strategic Priorities, the 2020 Business Investment Roadmap, and the 2014 Economic Development Strategy, the plan reflects both long-term vision and immediate opportunities.
The objectives of the Action Plan are to:
- Support business retention and promote investment
- Strengthen Esquimalt’s brand and profile as a business and lifestyle destination
- Help revitalize commercial districts
Improve economic partnerships and advance Indigenous economic reconciliation
- The Action Plan serves as the Township’s blueprint for advancing local prosperity, competitiveness, and resilience. Building on the strategic direction established in the 2020 Roadmap, the plan is organized into four overarching themes that capture the community’s most important economic priorities.
- Each project has been carefully selected and aligned with these themes, reflecting opportunities identified through previous stakeholder engagement, market analysis, and Council direction. Initiatives are strategically sequenced to balance immediate wins, medium-term outcomes, and foundational efforts that support long-term growth. This structure ensures efficient use of resources, strong partnerships, and measurable progress that can be reported to Council and the community.