Gronk!
Senior Member
Business attraction is Councillor Rice's highlight of 2023
lol good one!What business did she attract? Employment PTSD counselling? (sorry I couldn't resist)
Is it just me, or has Taproot's business coverage been lacking since the new year?
A couple of thoughts:'Action 3: Increase efficiency and improve business processes for industrial development.'
I don't see anything about making Edmonton a more competitive tax environment and to work on keeping tax increases under control, accountability with spending and a more cost-competitive environment overall.
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Industrial Investment Action Plan creates roadmap for long-term economic success
July 9, 2024
The City has launched its new Industrial Investment Action Plan (IIAP), a roadmap for attracting investment into our city, growing and diversifying our economy and increasing our industrial tax base.
“Our city is growing at an unprecedented rate, and we’re working hard to support that growth by building an economy that is sustainable and resilient,” said Ian Gallagher, Director of Regional Development. “The IIAP will not only solidify Edmonton as a great place to invest, but it will drive innovation and economic initiatives that make our entire region more prosperous.”
The IIAP brings together past and current industrial investment attraction work and ensures a balance of the current challenges with future opportunities. Industrial investment and growth are essential to the city’s long-term fiscal sustainability, helping create the conditions for a healthy, urban and resilient economy.
The IIAP aims to meet its goal of expanding our industrial areas through nine distinct actions:
Action 1: Market and promote the industrial advantages of Edmonton.
Action 2: Establish and maintain an industrial infrastructure prioritization tool.
Action 3: Increase efficiency and improve business processes for industrial development.
Action 4: Develop a guiding framework for flexibility in the City’s design standards.
Action 5: Work with Indigenous communities, organizations and businesses to identify barriers and advance Indigenous industrial economic development in Edmonton.
Action 6: Remove barriers for ethnocultural and all equity deserving communities for participating in Edmotnon’s industrial development.
Action 7: Continue to collaborate with regional partners, Indigenous communities and investment groups, and regional economic development agencies on economic development activities.
Action 8: Identify and tailor programs and incentives for target sectors that will provide a strong return to the City’s tax base and advance strategic objectives.
Action 9: Monitor progress and results of the Industrial Investment Action Plan.
The first Industrial Investment Action Plan was developed in 2016, and the refreshed plan helps address changes in the global energy market, environment and climate considerations as well as the strategic goals of the City laid out in The City Plan and the Economic Action Plan.
The IIAP will be the cornerstone of a strategic approach to industrial growth where people with great ideas stay and succeed, businesses see Edmonton as a great place to invest and our economy is responsive to climate change. Administration will return to Council in the first quarter of 2025 with an implementation plan which will outline the roll out of the IIAP.
For more information:
edmonton.ca/industrialinvestmentplan
Media contact:
Courtney Bettin
Communications Advisor
Urban Planning and Economy
780-288-5922
The more I think about it, the more I realize how useless Edmonton Global really is. How the hell is it possible that one strategy is to market and promote the advantages of Edmonton? It doesn't take a highly specialized expert to realize that's what you need to do to try attracting business to the city.A couple of thoughts:
1. Pretty weak looking plan - if your first action is to market and promote the advantages of Edmonton.....then what have you been doing all this time???? And more specifically, how do you intend to do that? I know for a fact the Calgary Economic Development group has an army of business development folks who are relentlessly cold calling, attending prospective investors sites, combined with a strong marketing campaign.
2. Now I am confused, so the City of Edmonton is pushing this plan. So then what exactly is the purpose of Edmonton Global? Are there now two entities that are going to be doing the same thing?
I have been quite outspoken on this and other forums about Edmonton Global's performance, or lack there of. You can count on one hand the number of companies that have publicly announced investment or relocation to Edmonton due to efforts from Edmonton Global since its inception in 2017, and zero of those investments or relocations have been to downtown Edmonton.The more I think about it, the more I realize how useless Edmonton Global really is. How the hell is it possible that one strategy is to market and promote the advantages of Edmonton? It doesn't take a highly specialized expert to realize that's what you need to do to try attracting business to the city.
I really wish there could be some momentum in calling out Edmonton Global (and even city hall) as to what the hell is it that they've been doing the past few years. I truly do not understand how is it that attracting business here is not a top priority and rarely spoken about in the media.I have been quite outspoken on this and other forums about Edmonton Global's performance, or lack there of. You can count on one hand the number of companies that have publicly announced investment or relocation to Edmonton due to efforts from Edmonton Global since its inception in 2017, and zero of those investments or relocations have been to downtown Edmonton.
Wow, another big blow to downtown.Part of the important work that needs to be done is retaining the businesses we have. This is a unfortunate bit of news.