Back to Calendar
Presentations   Item #:
Committee of the Whole Meeting Agenda
Edmonton Global Presentation - Walker
Economic & Business Development
Strategic Vision Element:
Where People Choose to Grow a Business - A strong, diversified regional business centre
The City has well developed relationships with key stakeholders in the City and the region who impact the economic success of the City’s business sector.
Request for Decision Summary
Following the Edmonton Global Shareholder Annual General Meeting on April 11, 2019 Global Edmonton has asked for an opportunity to present all shareholder municipal Councils with an update on their progress and initiatives currently underway.
That the presentation by Edmonton Global on Governance, Priorities and Finance be received as information.
Edmonton Global will be making a 15 minute presentation on Governance, Priorities and Finance and will take questions following the presentation. The presentation will be made by Malcolm Bruce, CEO and Lynette Tremblay, VP - Strategy and Innovation. A copy of the presentation is attached.
Edmonton Global was established to advance economic development cooperation amongst stakeholders of the Edmonton Metropolitan Region, to promote the region globally, and to attract and retain business investment and trade for the region. There are 15 member municipalities, including Spruce Grove, that make up the Shareholder Group. Mayor Stuart Houston serves as Chair of the Edmonton Global Shareholders Group. There is a 12 member professional Board of Directors chaired by John Day. Edmonton Global was incubated as an initiative of the Edmonton Region Board to create the first independent regional economic development entity for the metropolitan area, and was incorporated as a Part 9 Company on June 9, 2017.
In addition to the Edmonton Global Shareholders Group, member municipalities also participate through membership on the Regional EDO (Economic Development Officer) Network which works directly and liaises with Edmonton Global staff. The EDO Network provides the ongoing link to municipalities for developing and implementing initiatives intended to attract and retain investment, trade and talent in the Edmonton region. The EDO Network representative for Spruce Grove is Dave Walker. Some non-municipal stakeholders such as Edmonton Airports and Industrial Heartland also participate as part of the EDO Network.
The Corporate Objectives established for Edmonton Global include:
Attached is a copy of Edmonton Global's Strategic Plan. advance economic development and cooperation in and amongst stakeholders located in the Edmonton Metropolitan Region (EMR);
to promote the EMR globally to attract and retain business investment in the Region;
to pursue a regional brand, database and economic development strategy;
to advocate at the local, provincial and federal levels for policy that removes barriers to economic development in the Region;
to pursue business and investment opportunities to support the region.
Edmonton Global represents the coming together of Edmonton Metropolitan Municipalities to create a single integrated marketing agency for the region. It replaces the fragmented and under-resourced efforts in the past by even the larger municipalities in being to compete on a national and international level. This has come late in the game compared to many other metropolitan centres across North America and has placed our region at a major competitive disadvantage in attracting investment, trade and talent. Edmonton Global is intended to be a game-changer and will allow us to effectively market our metropolitan region as a single entity.
Edmonton Global has received funding from several sources including the Alberta government, Western Economic Diversification and member municipalities. Municipalities agreed to a 3-year funding formula which for Spruce Grove was $30,000 in 2018, $55,000 in 2019 and an estimated $60,000 in 2020. Funding is based on a formula using population (50% weight) and equalized assessment (50% weight) to determine the contribution for each municipality.