About the Framework

A Shared Vision of Prosperity for Cape Breton Island and Mulgrave

Many business and community stakeholders have been working towards developing a shared vision of prosperity for Cape Breton and Mulgrave. The Prosperity Framework is a result of that work and will help to guide and coordinate economic development activities over the next several years for Cape Breton Island and the Town of Mulgrave.

The Framework is based on clear economic evidence and will encompass the preparation of an overall Strategic Economic Framework that strengthens coordination of existing economic development efforts and identifies the region’s best value propositions for building the economy. In essence, the Framework incorporates data from existing economic development work, community strategic plans, stakeholder consultations and other pertinent documents to build an overarching blueprint for economic development opportunities for Cape Breton – Mulgrave.

The Cape Breton Partnership contracted a consulting team led by Economic Growth Solutions Inc., a Canadian consulting firm specializing in economic development strategies, to undertake the work. The consulting team created a two-phased work plan including significant background research and document review, situational analysis and consultations with key stakeholders. Phase two included the development of a common vision, identifying priorities for development, and development of a business attraction plan; outlined target economic development goals and included measurables to ensure targets were met.

Growth Targets

for Cape Breton Island and Mulgrave During community consultations, there was extensive discussion regarding the appropriateness of establishing specific jobs or population growth targets for Cape Breton Island and Mulgrave. It was decided to establish these for the longer term, recognizing the difficulty of measuring any such progress in the short term. After several years, …

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News

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Overall Goals

for the Prosperity Framework for Cape Breton Island and Mulgrave There are four over-riding goals of the Cape Breton Island and Mulgrave Integrated Strategic Framework for Economic Prosperity. These are as follows: 1. Pursue updated economic development strategies for the entire region, with a focus on growth sectors and value-added components of existing sectors. 2. …

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Strategic Principles

for the Prosperity Framework for Cape Breton Island and Mulgrave The Prosperity Framework explicitly recognizes collaboration as being essential for successfully implementing the economic development priorities that the Cape Breton Partnership and all of its partners have identified. It is clear that Cape Breton Island and Mulgrave has a strategic opportunity of major significance to …

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Target Sectors

for Cape Breton Island and Mulgrave While there are some opportunities in relation to leading edge, emerging and high-tech sectors and businesses, much of Cape Breton-Mulgrave’s future economic growth will be a result of further leveraging, modernizing and promoting some of the traditional industries and sectors in which it has some inherent long-term sustainable competitive …

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Value Proposition

for Cape Breton Island and Mulgrave Frequently, quality of life is cited as a critical component of Cape Breton-Mulgrave’s value proposition and, while this is certainly the case, it is important to recognize that most jurisdictions promote themselves as offering some sort of high quality lifestyle for various reasons. Therefore, it is important to distinguish …

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