Collaborative Economic Development
Working together to attract investment
13 regional Mayors have signed a memorandum of understanding committing to work in partnership on developing a new way to work together to attract investment in the Edmonton Metropolitan Region. This model is the Collaborative Economic Development (CED) initiative, which is intended to advance economic opportunities through new, non-residential growth and jobs for participating municipalities across municipal boundaries in the Edmonton Metropolitan region.
By signing this MOU, all 13 Mayors demonstrate a commitment to choose a cooperative path forward on economic development for our region. Municipal participation overall and on each project is voluntary.
|City of Beaumont||Town of Devon||City of Edmonton|
|City of Fort Saskatchewan||City of Leduc||Leduc County|
|Town of Morinville||Parkland County||City of Spruce Grove|
|City of St. Albert||Town of Stony Plain||Strathcona County|
One of the first steps will be for the municipalities to build out the model together so that necessary discussions can occur and the data required to meet our goal can be reviewed. Once more details are available, additional stakeholders will be invited to participate if they so choose.
The Collaborative Economic Development initiative received $450,000 in grant funding via the 2021-22 Alberta Community Partnership Initiative from the Government of Alberta. This one-time funding commitment will support 13 municipal partners in developing the CED framework.
This 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 Model and Methodology
- Development Processes Best Practices
- Site Identification Methodology
- Partnership Model and Governance
- Market Analysis
Last edited: November 16, 2022