Community Economic Analysis Tools

Effective economic development requires an understanding of the dynamics of the local economy - its current and recent performance, the evolution of its industry structure, the underlying reasons for these trends, and the challenges and opportunities ahead. An efficient way to gain such an understanding is through the Community Economic Analysis (CEA) Tools provided by the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA).

Benefits

Using the CEA Tools can strengthen your community's potential to enhance and focus economic development activities, including:

  • Retention of existing business enterprises
  • Expansion of established firms
  • Stimulation of entrepreneurial activity
  • Attraction of new investment opportunities
  • Development of human capital strategies

Author: OMAFRA Staff
Creation Date: 22 July 2011
Last Reviewed: 22 July 2011