The recent announcement of a closure of a large manufacturing plant in Halton Hills underscores the need to continue to diversify the local economy, and to attract new investment and jobs. The municipality is bringing forward a Foreign Direct Investment Strategy based on public and private sector input and industry best practices. The strategy is part of the Town's comprehensive economic development toolkit which provides support to existing businesses as well as ways of attracting new investment and economic growth. The strategy is a 5-year roadmap, accompanied by a 3-year Action Plan. It is practical and actionable, and will assist Halton Hills in being competitive in the global economy.