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ECONOMIC DEVELOPMENT

Morden's Economic Future

With the recent purchase of 142.5 acres south of the current industrial park, Morden is on the right path to expanding its availability to new businesses. Finding a sustainable long-term solution to our wastewater treatment capacity is the next big step before we can open the gates and let new industry settle in Morden. 
With the goal of having the industrial tax base climbing to its optimal range of 40%, this will also lower the residential tax base. In a perfect scenario, the industrial vs. residential ratio is 40:60. We are not there yet, but with the expansion of our industrial park, this is a reachable goal. In other words: If more industry moves in and carries the tax burden, residential taxes can relax.
But economic development not only reacts to direct investments by building new industry - it also responds to indirect capital investments that strengthen the community. Morden is due for a larger capital investment that can act as an economic engine.