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HomeMy WebLinkAboutEDAC - 2025-11-26 JffHEoTE Economic Development Advisory Committee Committee Minutes November 26, 2025, 11:00 a.m. Electronic Meeting Present: M. Johnston, Member C. Howitt, Member B. Whittaker, Member L. Rodriguez Reyes, Member M. Lam, Vice-Chair J. Curto, Chair M. Bingeman, Member T. Bergsma, Member L. Luo, Member P. Salehi, Member Staff: C. Bluhm B. Bennett J. Park, Committee Administrator L. Feraco N. Banton L. Chlumsky A. Sturgess Additional Staff: E. Protzer (Minerva's Economics), E. Lariviere (Executive Director, Centre in the Square), and J. Zunic and G. Khandelwal (Senior Planners, City of Kitchener) 1. Commencement A virtual meeting of the Economic Development Advisory Committee was held at 11:01 a.m. on November 26, 2025. Chaired by Joe Curto. 1.1 Electronic Meeting Access 2. Disclosure of Pecuniary Interest and the General Nature Thereof 1 3. Delegations 4. Discussion Items 4.1 Kitchener's Economic Trajectory and Diversification Opportunities • Presentation - E. Protzer (Minerva's Economics) 4.1.1 Data Review Presentation Highlights: • E. Protzer presented comparative data on wage growth, showing Canada's lag behind U.S. cities and the national innovation gap. • Explained Harvard Growth Lab methodology and use of patent analysis to identify diversification opportunities. • Highlighted Kitchener's strong ICT/software patent activity and weaker performance in biotech and aerospace. • Outlined algorithmic approach for identifying growth sectors: instrumentation, medical devices, creative industries, aerospace, semiconductors, and pharma. 4.1.2 Discussion Q&A Highlights: • P. Salehi asked about translating STEM patents into economic value; E. Protzer noted employment and patent activity as stepping stones. • T. Bergsma raised population vs. employment metrics; E. Protzer clarified employment is a better proxy for economic activity. • Discussion on housing affordability and regulatory barriers; E. Protzer emphasized expanding supply and reducing zoning constraints. • J. Curto questioned venture capital sources; E. Protzer suggested Crunchbase data and local partnerships like Communitech. • Members debated automation susceptibility and remote work trends affecting future industries. 4.2 Kitchener 2051 Overview Draft Official Plan shared; adoption targeted for 2026. Presentation Highlights: 2 • Outlined four project phases and timeline; equity focus emphasized for inclusive engagement. • Vision pillars presented: Neighborhoods, Economy, Environment. • Detailed land use designations: institutional, industrial (general/heavy), mixed-use areas near transit. • Grand River highlighted as a key cultural and environmental feature. • Economic objectives include supporting small businesses, mixed-use flexibility, and protecting industrial lands. Q&A Highlights: • M. Bingeman expressed concern about rigidity; asked for flexibility examples from Calgary. • Discussion on provincial guidance protecting industrial lands and its impact on development. • Members debated balancing retail/commercial flexibility with employment land protection. • Deadline for comments confirmed as December 12; feedback via EngageWR and email. Actions and Decisions: • Members to email responses to SWOT discussion questions for compilation prior to next meeting. • Direct comments/feedback on the Draft Official Plan to EngageWR page (https://www.engagewr.ca/kitchener205l) and emails (kitchener2051 @kitchener.ca, gaurang.khandelwal@kitchener.ca) by December 12, 2025. 5. Information Items 6. Adjournment On motion, this meeting adjourned at 1:03 p.m. Jessie Park Committee Administrator 3