Orangeville is a city with a lot of potential. There are several different plans on the table to help increase the business growth in downtown Orangeville. Here are several ways in which city leaders are hoping that economic growth will be increased over the next couple of years in this area of Orangeville.

Tax Plan

Taxes play a huge role in how well businesses function. Over the long term, this is one of the best ways that a city can influence the amount of industry in an area. Anyone who is wanting to increase economic growth in an area should be sure to have a tax plan that supports this idea. A tax plan that encourages economic growth is not difficult to design. However, this often involves lowering the tax rates in the short term to spur economic growth. One of the plans on the table is to have a reduced tax rate for new businesses in their first couple of years in the industry. This will results in decreased taxes that could be earned in the short term. However, over the long term this will cause more businesses to growth and start. This will help to increase the job opportunities that are available to people who are living in the area. A tax plan should be designed with the long term in mind for the downtown area.

Education Plan

There are many people in the city of Orangeville who are interested in having a better life for themselves and their children. One of the best ways to do this is through a solid education plan offered by the city of Orangeville. One of the plans being considered is to provide work training for people who are interested in having it. This can increase the skills of workers throughout the city. This can also help bring people from the lower income levels to a more middle class lifestyle. Investing in the education of the people in a city is one of the best things that any city can do. Over the long term, these investments in education really do pay off.

Job Growth

Over the past couple of years, the job growth in the downtown area of Orangeville has started to slow down. Some of this is due to external economic factors, but there are also some other things at play here. It is vital for the city of Orangeville that job growth starts to pick up over the long run. The more jobs that people have in the city, the more tax revenue that comes in. Having a city that supports a jobs growth plan is a great first step in making this happen. The good news is that there are plenty of ways in which Orangeville can support jobs growth within the city.

Business Improvement Area

Although it was started in 1976, the OBIA is one of the best things about the town of Orangeville. This was originally a gathering of indpendent business owners who wanted to get together to discuss business plans for the future. The goal of the OBIA is to essentially make the downtown area more inviting for everyone. They are responsible for overseeing the land and improvements throughout the area.