The document provides an economic development strategy for the City of Colwood. It finds that Colwood is forecasted to grow substantially in population and employment by 2038. A situational analysis revealed Colwood has a growing workforce in management occupations and knowledge-based businesses, but faces challenges from high tax rates and limited commercial/industrial land. The strategy utilized stakeholder consultation and analysis of political, economic, social, technological, legal, environmental and demographic factors to develop goals and actions to capitalize on opportunities and address issues, with the aim of sustainably growing Colwood's economy.