In late 2016, Centre Wellington council approved the engagement of Watson and Associates Economists Ltd. to conduct a business case analysis on the financial impact of the development of municipally-owned industrial lands in the township.
Since that time, staff and the Economic Development Task Force have been working with Watson to analyze the information.
Watson has done considerable work to not only look at Centre Wellington but at the larger context of the Greater Golden Horseshoe, other comparator communities and the provincial economy in general.
A draft report, presented in March, forms the first phase of the project with the second phase being provided in the next month or two.
A subsequent report will provide the financial details on municipal development of lands and will require the sharing of some information in a closed meeting format.