A Diverse and Shared Value for Halton Region.
In our network model, there are four segments forming a community circle where open and transparent business practices contribute to a diverse and shared value in outcomes for social good.
- Anchor Institutions - includes municipal governments, hospitals and public services
- Business Vendors - includes providers of goods and services to the anchors
- Connector Organizations - includes non-profits, chambers of commerce and professional associations
- Beneficiary Groups - includes the unemployed, youth at risk, newcomers & low-income citizens
Driven by the need to meet social policy and economic development objectives, and in response to a public demand for accountability in the expenditure of tax dollars, Anchor Institutions have increasingly seen the merit of including community benefits targets into business practices, which moreover fulfill a commitment to contribute to economic & social opportunity for everyone.
Leading by example, Anchor Institutions in the Halton Region will endeavour to adopt Community Benefits Agreements, as have several municipalities across Canada, into their plans for sourcing and hiring Business Vendors.
Increasingly today, Business Vendors look for value differentiators in their market offering. Apart from the obvious benefit of gaining equitable access to Anchor Institutions in the RFP process for public projects or public procurement needs, a business develops brand recognition by demonstrating an authentic understanding of how Community Benefits Agreements contribute to social good in the community.
By associating with Connector Organizations - such as a chamber of commerce or a non-profit employment service - a business also builds stronger B2B relationships, gathers market intelligence, and expedites access to local talent to attract and retain a skilled workforce in a changing, competitive world.
Business Vendors are frequently associated with Connector Organizations such as a chamber of commerce, a professional association or business innovation centre and, in some cases, non-profit services. These Connector Organizations in turn collaborate with or support Anchor Institutions.
Anchor Institutions, Business Vendors and citizens all share a role in our regional economic development strategy and Community Benefits Agreements will further underpin an economic development strategy. Central to this dynamic relationship, Connector Organizations are a valued channel for promoting awareness of Community Benefits in action.
Ultimately, on a day-to-day basis, people in the community are the true beneficiaries of open and transparent business practices as reflected in the adoption of Community Benefits Agreements by the very public and private entities that are the sources and supports for economic and social opportunity.
One group of Connector Organizations, (non-profit charities, family and employment services), provides help to people of all ages and backgrounds, who are striving to become full participants in community life and are in need of assistance to find meaningful employment. Completing the circle, beneficiary groups also receive support in many diverse ways from Anchor Institutions, Business Vendors and Connector Organizations.