For Immediate Release / June 20, 2022

Provincial Grant Assists with Collaborative Economic Development

The City of St. Albert has been approved for $450,000 in grant funding through the 2021-22 Alberta Community Partnership Initiative. This one-time funding commitment is being accepted by the City but will support 13 municipal partners in developing the Collaborative Economic Development (CED) framework.  

The grant funding will go towards phase three of the project, which will run from March 2022 through to March 2023. Phase three will see the completion of several key deliverables: Financial Tool and Methodology, Development Processes Best Practices, Site Identification Methodology and Partnership Model and Governance, and Market Analysis.   

“CED seeks to improve coordination between municipalities in the region to attract strategic non-residential investment, reduce intermunicipal competition, and provide partners an opportunity to invest in projects outside of their municipal boundaries and receive a direct return on that investment,” says Mayor Heron. “We are grateful to the Province for providing us with the funding to continue to foster this initiative and collaboratively achieve shared regional success”. 

The 13 municipalities in the Edmonton Metropolitan Region have agreed to come together, with the shared goal to make it easier for new business investment, red-tape reduction, and economic growth, by creating new, high-value jobs and building a strong economic future for the region. This new, innovative project of true collaboration will strengthen existing activities and complement the critical economic work already being done to attract and support investment.  

For more information on the City of St. Albert’s involvement in the Collaborative Economic Development Initiative, visit stalbert.ca/ced

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Last edited: June 20, 2022