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REFINEMENT AND REFRESH OF EXISTING POLICIES
Chinatown Economic Revitalization Plan and Chinatown Neighbourhood Plan
Recommendation 20: “Tenant retention strategy.” As with the experience of the BIA, the “lack of succession planning makes retention challenging.” Due to the contributions that traditional businesses make to the neighbourhood character, through intangible values with the social and cultural connections they hold, we recommend that a working group be formed to come up with options that the City, other levels of government, as well as other stakeholders can implement to assist with succession planning of these businesses. Namely, to explore how traditional businesses can succeed in becoming community- and membership- owned entities. Applying cooperative values can serve the community/membership as well as democratizing ownership and economics of the business.REFINEMENT AND REFRESH OF EXISTING POLICIES
Chinatown Economic Revitalization Plan and Chinatown Neighbourhood Plan
Recommendation 23: Include a Community Economic Development strategy that is based entirely from a culturally and community specific lens. This recommendation includes legitimizing and uplifting the survival economy, informal economy, and other systems that have been pushed to the margins, with measures to increase opportunities for more equitable and inclusive employment.-
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