T. LaMantia presented the 2022 update and highlights for the Waterloo Region Economic Development Corporation including new investments established in the region. T. LaMantia highlighted some of the challenges the City should expect to face including, but not limited to: responding to the global recession forecast, developing an inventory of shovel-ready sites, supply chain regionalization, addressing the quality of life in relation to inflation and responding to social justice issues.
Councillor P. Singh re-entered the meeting at this time.
In response to questions from the Committee, T. Lamantia noted some challenges Kitchener faces with being investment is developing sites available for large capital investments. T. Lamantia noted a presentation detailing the urgency to focus on speed and availability of land will be circulated to the Committee.