Economic Strategy 2024

Learn about how we are investing in our future with the City of Surrey Economic Strategy 2024. 

The new City of Surrey Economic Strategy was approved by Council on January 29, 2024. The strategy focuses on how the City will become a modern, highly-livable, world-class city. It also envisions Surrey as a recognized investment destination and innovation centre.

The 2024 Economic Strategy has one main goal: creating one job for every resident worker in Surrey. Our population will exceed 1,000,000 people in the not-too-distant future. This shows the appeal of our diverse city, but it also means we must prepare.

Over the next 5 years, Mayor, Council and City staff will prepare Surrey for this growth, while focusing on four strategic priorities:

Priority 1: Investment attraction and readiness

Objective: to attract transformative investments and increase our investment readiness to create well-paying jobs and secure the growth of strategic industries in our community.

Priority 2: Employment lands optimization

Objective: to ensure that Surrey has sufficient industrial, office, commercial, and agricultural space, optimized to create jobs, support priority sector companies and expanding local businesses, and future-proof our economy for emerging trends.

Priority 3: Innovation, talent, and workforce

Objective: to build a robust innovation ecosystem, support the scaling up of innovative companies in priority sectors, and create more opportunities for talent development, attraction, retention, and upskilling.

Priority 4: Local business, vibrancy, and distinct communities

Objective: To establish a resilient economy, enhance livability for residents as we rapidly grow, and develop each of Surrey’s business communities into vibrant and distinct places.

View the strategy

Find out more about the Economic Strategy.

Contact

For more information, contact econdev@surrey.ca or 604-591-4128.