Economic Sustainability

A healthy local economy is essential for a sustainable and vibrant community. It provides the resources that allow residents and our community to prosper. It supports employment and a solid tax base to sustain services, which ultimately lead to healthier lifestyles and greater opportunities for personal fulfillment. With a strong economy we can achieve a higher standard of development, provide more services and enjoy an overall higher quality of life.

When it comes to economic sustainability in Black Diamond we are guided by 9 Community Economic Development Principles. These principles guide us in fostering the economic, social, ecological and cultural well being of our community. They are:

  1. Equity
  2. Participation
  3. Community Building
  4. Collaboration
  5. Integration
  6. Ecological limits
  7. Capacity Building
  8. Diversity
  9. Appropriate Indicators
     

 Economic Sustainability in Black Diamond means:

  • business and employment opportunities in the industrial, retail, office, service and agricultural sectors result in a diversified local economy and improvements
  • local business provides meaningful employment opportunities
  • there is an active economic development program based on the CARE model principles for economic development (Creation, Attraction, Retention, and Expansion of business) within our community