Economic Development Association plans growth strategies amid recession

As the economic downturn continues to put a strain on industry growth the Leduc Nisku Economic...

As the economic downturn continues to put a strain on industry growth the Leduc Nisku Economic Development Association EDA continues with its three-year plan and adapts to the new challenges businesses face.

The EDA made a presentation to Leduc County council during its Oct. 25 meeting, requesting a 2017 budget contribution of $335,000. “We’re holding that funding request at the 2016 level,” said board chair Kristina Dembinski. The request will be considered during council’s 2017 budget deliberations.

“As you consider your budgets for 2017 know that life in municipalities and the businesses that we serve, we acknowledge and understand that everyone needs to control costs, do more with less and be strategic with our expenditures.We at the EDA are doing the same and have made significant efforts to implement cost reduction measures, such as moving to a smaller same,” said Dembinski.

She added the EDA will continue to support the region by focusing on business development and attraction, in 2017.

The 2015 to 2017 strategic plan includes three main goals of the EDA: building capacity and ensuring organizational sustainability, strengthening collaborations and regional partnerships, and stimulating economic development withing the region.

The organization states there was a 13 per cent vacancy rate in the Nisku Business Park and 50 per cent underutilized space in the Leduc and Nisku business parks during the summer.

“However, there are still opportunities,” said Barbara McKenzie, executive director. She says businesses need to focus on new, innovative technology and models, and adopt a “lower for longer” mindset.

In order to strengthen economic development for the region the EDA is creating tailored strategies to align changing priorities and maintaining communications with already located and potential business or investment ventures.

McKenzie says the organization is pleased with the advances it has made this year. “We’re well over our targets this year and quite proud.”

Under investment attraction the organization engaged with 56 companies regarding location opportunities and joint ventures; two new businesses have been located in the Nisku Business Park.

In mid-November the EDA is taking part in a China Trade Mission. “It’s a significant investment attraction hosted by the Government of Alberta,” said McKenzie.

“Over 80 Alberta companies and economic development associations will be meeting with over 300 Chinese representatives to look at investment opportunities across the board,” she added.

A Netherlands Trade Delegation, a Japan Aerospace Tradeshow and an Ottawa Government Relations Mission were also highlighted during the presentation as still to come this year.

In 2017, investment attraction will be focused on agribusiness, energy, manufacturing and aerotropolis activation.

 

Just Posted

(File photo from The Canadian Press)
Red Deer down to 66 active COVID-19 cases

Red Deer has lowest number of active cases since last November

File photo
Wetaskiwin RCMP investigate fatal collision

One fatality in a serious collision on Highway 2A on June 18, 2021.

Participants in Rock Soup Food Bank’s fundraising drag race that took place on June 20, 2021. Shaela Dansereau/ PipestoneFlyer.
Rock Soup Food Bank fundraises with literal drag race down main-street

Participants ran in drag down Wetaskiwin’s main street as a fundraiser for the food bank.

Orange shirts, shoes, flowers and messages are displayed on the steps outside the legislature in Victoria, B.C., on Tuesday, June 8, 2021 following a ceremony hosted by the Songhees and Esquimalt First Nations in honour of the 215 residential school children whose remains have been discovered buried near the facility in Kamloops, B.C. THE CANADIAN PRESS/Chad Hipolito
Alberta city cancels Canada Day fireworks at site of former residential school

City of St. Albert says that the are where the display was planned, is the site of the former Youville Residential School

FILE – Perry Bellegarde, National Chief of the Assembly of First Nations, takes part in an event on Parliament Hill in Ottawa on Tuesday, July 7, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Indigenous Peoples Day must be a ‘call to action’, says Assembly of First Nations chief

Discovery of children at Kamloops residential school site must lead to change, Perry Bellegarde says

The border crossing into the United States is seen during the COVID-19 pandemic in Lacolle, Que. on February 12, 2021. THE CANADIAN PRESS/Paul Chiasson
VIDEO: Border quarantine to soon lift for fully vaccinated Canadians

Eligible travellers must still take multiple COVID-19 tests

Paul Bernardo is shown in this courtroom sketch during Ontario court proceedings via video link in Napanee, Ont., on October 5, 2018. Teen killer and serial rapist Paul Bernardo is set for a parole hearing today. The designated dangerous offender, has been eligible for full parole for more than three years. Bernardo’s horrific crimes in the 1980s and early 1990s include for kidnapping, torturing and killing Kristen French and Leslie Mahaffy near St. Catharines, Ont. THE CANADIAN PRESS/Greg Banning
Killer rapist Paul Bernardo faces parole hearing today; victim families opposed

Designated dangerous offender has been eligible for full parole for more than three years.

People look over the damage after a tornado touched down in Mascouche, Que., north of Montreal, Monday, June 21, 2021. Dozens of homes were damaged and one death has been confirmed. THE CANADIAN PRESS/Ryan Remiorz
One dead and extensive damage as tornado hits Mascouche, Que., north of Montreal

Damage reported in several parts of the city, and emergency teams dispatched to sectors hardest hit

FILE - In this Nov. 29, 2020, file photo, Las Vegas Raiders defensive end Carl Nassib leaves the field after an NFL football game against the Atlanta Falcons in Atlanta. Nassib on Monday, June 21, 2021, became the first active NFL player to come out as gay. Nassib announced the news on Instagram, saying he was not doing it for the attention but because “I just think that representation and visibility are so important.” (AP Photo/John Bazemore, File)
Nassib becomes first active NFL player to come out as gay

More than a dozen NFL players have come out as gay after their careers were over

A pair of Alberta residents were arrested after police responded to a report of a woman who had allegedly been assaulted and confined against her will on June 20, 2021. (File photo)
Salmon Arm RCMP arrest 2 Albertans suspected in alleged assault, unlawful confinement

Firearms, stolen items seized including NHL hockey cards believed to be worth thousands

A man makes his way past signage to a mass COVID-19 vaccination centre at the University of Toronto’s Mississauga campus during the COVID-19 pandemic in Mississauga, Ont., on Monday, May 17, 2021. THE CANADIAN PRESS/Nathan Denette
Canadians encouraged to see mRNA shots as interchangeable as more 2nd doses open up

Doctors urge people not to hesitate if offered Moderna after getting Pfizer for their first shot

Chief of Defence Staff Jonathan Vance sits in the front row during a news conference in Ottawa on June 26, 2020. THE CANADIAN PRESS/Adrian Wyld
Defence committee rises without report on Vance allegations

Committee had been investigating the government’s handling of complaints against former defence chief

Tl’etinqox-lead ceremony at the site of the former St. Joseph’s Mission in Williams Lake, B.C., June 18, 2021. (Angie Mindus photo - Williams Lake Tribune)
‘We are all one people’: Honouring residential school victims and survivors

Love, support and curiousity: Canadians urged to learn about residential schools and their impact

Indigenous rights and climate activists gathered outside Liberty Mutual’s office in Vancouver to pressure the insurance giant to stop covering Trans Mountain. (Photo by Andrew Larigakis)
Activists work to ensure Trans Mountain won’t get insurance

Global campaign urging insurance providers to stay away from Canadian pipeline project

Most Read