This study identified the region’s existing clean economy strengths and the opportunities for building on its traditional industrial economic base (including agriculture and food processing). The research highlighted federal, provincial, and regional policies and initiatives that local businesses and economic development agencies could leverage to accelerate clean economy growth in the region. It also identified important infrastructure assets that exist in the region and could form the foundation for future clean economy sector growth.
The Delphi Green Economy Services team led a statistical analysis across five key clean economy sectors in the FVRD:
The goal of this analysis was to develop sector profiles and determine the region’s comparative advantage and its leading clean economy sectors based on potential GDP output and jobs. The research also included a policy scan of relevant federal, provincial, and local policies that support the transition to a clean economy, as well as a summary of relevant macro-level trends and a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis.
The study also engaged a range of local stakeholders through one-on-one interviews and an in-person workshop to present and validate the key findings and to better understand how the strengths and barriers could impact the growth of the region’s clean economy.