TIVERTON, ON – December 14, 2017 – It was an eventful first year for regional economic development and the Bruce Power and County of Bruce’s Nuclear Economic Development and Innovation Initiative.
The Bruce County – Bruce Power partnership has redefined how the public and private sectors can collectively work together to achieve a common goal and help secure the long-term success of an industry and a region.
“Our collective efforts across the region have helped establish a common vision and goal for economic development as it relates to the nuclear industry,” said Paul Eagleson, Bruce County Warden. “We have seen a significant amount of engagement and interest from our municipalities and partner counties over this past year. I look forward to leading the County into 2018 as we build on these partnerships and advance our collective vision.”
The innovative initiative was made possible through close integration with Bruce Power’s execution of its Life Extension program, which commenced in 2016.
“The Bruce, Grey and Huron Region is very quickly being recognized globally as a nuclear industry center of excellence and by working together our region will not only be a source of low-cost electricity for decades but will be a source of good jobs and a bright future for our entire region” said Mike Rencheck, President & CEO of Bruce Power.
Key successes in 2017 include:
- Secured the expansion of 12 of Bruce Power’s major suppliers into the region, more than doubling the existing local supply chain companies in the area.
- Welcomed a new Bruce Power supplier who established a manufacturing facility in Paisley.
- 70,000 square feet of underutilized, existing space collectively secured (office, warehousing, manufacturing).
- As a result of these new expansions, an additional 250 jobs added to the local economy in the next few years.
- Over 80 coupons posted by local businesses since the launch of couponcountry.ca on Oct. 23. The new website helps raise awareness of the breadth of services and products available across Bruce, Grey and Huron counties to support increased local spending.
- Launched www.greaternuclearenergy.ca – a welcome website for prospective and new residents. The website helps prospective and new residents become familiar with the breadth of services and amenities offered in our region and connects them to our municipalities, school boards, recreational services, and hospitals.
To help support the initiative, many municipalities have made great progress within their own communities this year by: hiring dedicated economic development officers to advance business retention and expanded support services to local businesses; servicing land to become more investment ready, and engaging in ongoing dialogues with their development community to better plan and prepare for future growth.
In addition to jointly leading this initiative, Bruce Power has taken a leadership role in local economic development by announcing the offsite office and training complex in Kincardine.
As 2017 wraps up, the Initiative is setting its 2018 priorities, which includes continuing to advance expanding the local supply chain base, enhancing local training opportunities across the region, and continuing to work with our partners across the region to help ensure this growth is sustainable.
The economic development initiative will continue to be advanced in 2018 with oversight from a Nuclear Industry Regional Advisory Committee including municipal, county, provincial, union and local leaders co-chaired by Kelley Coulter, CAO of Bruce County and James Scongack, Vice-President, Corporate Affairs and Environment at Bruce Power.
About the Economic Development and Innovation Initiative
The Initiative, launched in September 2016, was established to leverage economic opportunities across the Counties of Bruce, Grey and Huron, given Bruce Power’s multi-year, multi-billion dollar Life Extension Program. More information on the initiative can be found at www.brucepower.com/suppliers
About Bruce Power
Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For more information contact:
Bruce Power – John Peevers – 519-361-6583 – email@example.com
County of Bruce – Stellina Williams – 519-901-2749 – firstname.lastname@example.org