8 BUSINESS ELITE CANADA | JANUARY 2019
The Smiths Falls
Advantage
The Tweed effect has had a ripple
effect through the town. Local busi-
ness and tourism have increased, and
the Town is looking to become an
industry cluster by offering compa-
nies a prime location only a short
drive to the nation’s Capital and the
National Research Council (the centre
of research and innovation in the
country).
“Tweed compressed 10 years worth
of expansion into three or four years,”
says Mayor Pankow. “The impact on
the local economy has been incred-
ible. Young people are moving back
to town. We just looked at our build-
ing permit revenues for this year are
in excess of $2 million dollars, 15 times
what we experienced in an average
year.”
Manager of Economic Development,
Jennifer Miller, says that the town of
Smiths Falls’ staff and council have
demonstrated their commitment to
encouraging and fostering pioneering
business concepts like these through
Lower Reach Park
