Since its inception, the Prosperity Framework continues to build on the capabilities and integrate the input and visioning of many stakeholders, influencers, and leaders to create a road map to success for Cape Breton Island. The Framework uses existing economic context and economic development organizational structure as its starting point to implement change and foster a culture of prosperity.
STRATEGIC PRINCIPLES FOR THE FRAMEWORK
The Prosperity Framework explicitly recognizes collaboration as the essential component for successfully implementing the economic development priorities for Cape Breton Island. The Framework has a unique opportunity to create long-term, and most importantly, sustainable economic prosperity.
GUIDELINES AND PRINCIPLES
1. DEVELOPING STRATEGIES THAT REFLECT THE NEEDS OF DIFFERENT REGIONS WITHIN CAPE BRETON
The opportunities arising from the concentration of industry and transportation infrastructure in Sydney and Port Hawkesbury will be different from those opportunities stemming from the variety of value-added food processors of Aboriginal and Acadian origin in Richmond County or the tourism potential of the new golf courses in Inverness. Each region across Cape Breton should celebrate and support the economic development initiatives of the other and seek ways to support that success with a focus on inter-regional collaboration.
2. RECOGNIZING THAT ENVIRONMENTAL SUSTAINABILITY IS PRACTICAL AND PROFITABLE
With a mixture of industries coexisting in Cape Breton, and with modern consumers considering environmental issues in the purchasing process, the region will benefit greatly from sound environmental practices. Finding more ways to build products and services to protect the environment can be lucrative. The attraction and retention of people and businesses will be enhanced by putting the environment at the forefront of the economic development planning process.
3. LEVERAGING PROVINCIAL AND FEDERAL ECONOMIC PLANS TO PRIORITIZE CAPE BRETON BASED INITIATIVES
New economic opportunities and a policy framework that makes it possible for rural jurisdictions to join the new economy are emerging from both federal and provincial partners. Now is the time to make careful and strategic decisions that will allow Cape Breton to move forward, leveraging business development to its advantage.