City of Surrey's 2023 Annual Financial Report

CITY OF SURREY OVERVIEWS INVESTMENT & INTERGOVERNMENTAL RELATIONS DEPARTMENT

The Investment & Intergovernmental Relations Department's programs and services include economic policy and strategy, economic analysis, business attraction, sector development, government relations, policy analysis and communications. The department also has responsibility for two operational divisions.

ECONOMIC DEVELOPMENT The Economic Development division is responsible for producing and implementing the City’s Economic Development Strategy. The division identifies and develops relationships with key stakeholder groups in order to build a strong ecosystem that stimulates investment attraction, job creation, entrepreneurship development and innovation. The Economic Development team maintains current information about businesses in Surrey, and collects and analyzes local, regional and provincial economic data.

INTERGOVERNMENTAL RELATIONS The Intergovernmental Relations division is responsible for producing and implementing the City’s Government Engagement Plan. The division advances the City’s interests with all levels of government, and identifies and works to pursue provincial and federal funding opportunities, priority alignments, and joint program opportunities.

2023 ACCOMPLISHMENTS • Saw major companies land in Surrey including McKesson Canada, Mountain Equipment Company (MEC), and CTK Bio Canada, in addition to the 60 new major investment leads generated by the City with a potential of creating over 2,000 jobs • Economic Development received a $105,000 matching grant from the Government of

• Economic Development awarded the Economic Recovery and Resiliency Award from the BC Economic Development Association as well as the Excellence in Economic Development Gold award from the International Economic Development Council for the Supply Chain Resiliency Program • Educated Canadian trade commissioners in the European Union on the City’s value proposition overall

• Commenced redesign of the next generation Innovation Boulevard, which is a partnership with Simon Fraser University and industry to create an ecosystem that catalyzes innovation, addressing both local and global challenges (slated relaunch in 2024) • Participated in the federal Global Affairs Canada Investment Roadshow through a matching CanExport Community Initiatives grant, in support of foreign investment attraction opportunities in Surrey

Canada’s CanExport Community Investments towards attracting, retaining, and expanding Foreign Direct Investment activities

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