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CaptainBL

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I wanted to start a new thread on the topic of corporate development and attraction to Edmonton. This topic is often discussed throughout various threads so why not formalize and centralize it here.

I am curious and interested to discuss what needs to be done to increase corporate investment, attraction and companies to the region, what challenges are in place, who or which organizations need to be active (and what they need to do more), etc.

For example, with de Havilland's latest investment in Calgary (https://calgary.ctvnews.ca/de-havil...lant-near-calgary-create-1-500-jobs-1.6077593), was Edmonton Global in the running at all? Outside of Air Products new investment, which Air Products was already operating in the area, can anyone name any public companies that Edmonton Global has managed to attract to Edmonton since inception in 2017?
 
While certainly not a de Havilland sized announcement, this was announced on Tuesday and seems to be some decent news for us. Only 10 new jobs and $500k initial investment but this could grow into something much bigger and help to establish a medical tech cluster here.
Vibrome
 
While certainly not a de Havilland sized announcement, this was announced on Tuesday and seems to be some decent news for us. Only 10 new jobs and $500k initial investment but this could grow into something much bigger and help to establish a medical tech cluster here.
Vibrome
While 10 new jobs is good, its a drop in the bucket.

Does anyone know what Edmonton Global's success rate or KPIs are for attracting bigger investment to the region?
 
While 10 new jobs is good, its a drop in the bucket.

Does anyone know what Edmonton Global's success rate or KPIs are for attracting bigger investment to the region?
Honestly, it must be pretty damn good. Just about every month this year they've announced something, from multi-billion dollar hydrogen plants, chemical plants, to tech companies relocating, or opening offices here, to small but strategic investments in AI. I don't remember the last time that's happened (certainly not during the EEDC days).
 
City wins 2022 Municipal Excellence Award for Red Tape Reduction​

October 5, 2022

The City of Edmonton’s Permit and Licensing Improvement (PLI) Initiative is the winner of the Red Tape Reduction category in the Government of Alberta’s 2022 Municipal Excellence Awards. Service improvements and timeline reductions in the PLI Initiative will save applicants $5.3 million and 67,600 days collectively each year

The PLI initiative is a substantial body of work to help reduce barriers and encourage investment in Edmonton. The work supports key goals of The City Plan and Edmonton’s Economic Action Plan. Homeowners, business owners, and contractors report that regulatory processes are lengthy and difficult to navigate, costing them time and resources. PLI is implementing improvements to provide customers with a more transparent, consistent and reliable experience. They will be able to more quickly and easily understand and navigate the zoning, permitting and licensing process to obtain what they need to renovate or build a home or expand or start a new business.

"Building an Edmonton for all of us includes making it easy to do business here. I am proud of the work that the City of Edmonton has done in regards to red tape reductions for business owners, and am very pleased to see the Permit and Licensing Improvement Initiative being recognized for its positive impacts,” said Mayor Amarjeet Sohi. “We will continue to explore ways to remove barriers for the business community as we work towards our shared goal of economic recovery and growth here in Edmonton.”

“We want the more than 30, 000 small businesses in Edmonton to thrive. We know that reducing barriers encourages financial investment and job growth in our city,'' said Stephanie McCabe, Deputy City Manager with the City’s Urban Planning and Economy department. “Our teams worked hard to help build trust and relationships by listening and innovating to make it easier to do business.”

The City of Edmonton worked with homeowners, developers, businesses and city-building partners on multiple improvements. Edmonton is home to over 33,500 businesses, 95 per cent are small businesses.

“The online permitting process has been a godsend. We really appreciate having this technology for online permitting,” said Kelso Brennan, General Manager of Hi-Signs. “The City came to the table with truthful benchmarks and the goal to make a major time reduction by 50 per cent and they exceeded that. I was really pleased with the City’s involvement and encouraging approach they took to listen to us and hear us out.”

“Our production team is extremely happy. The sooner we build it, the sooner we finish it and the sooner the customer gets their product,” said Nicholas Northup, President, Premier Built Garages. “At the end of the day it (online permitting process) saved our production team and construction team time and they can build garages faster and turn them over to homeowners faster. We’re very happy with the new online system. You have cut the red tape.”

Permit and Licensing Improvement Initiative

The service improvements and timeline reductions implemented through the PLI initiative in 2022 and 2023 are estimated to save applicants $5.3 million and 67,600 days collectively each year. The savings are in addition to the 261,000 days and $4.6 million customers already saved in delay costs annually based on demonstrated reductions in permit timelines from the red tape reduction efforts implemented between 2018 and 2021.

Some of the improvements achieved to date include:
  • Processing over 90 per cent of permit and license applications online
  • Reducing business license approval timeline by 50 per cent where a building permit is not required
  • Granting partial commercial building permits for tenant improvements
  • Reducing sign permit timelines by 50 per cent
  • Expanding the expedited infill house permits program
  • Automating residential permit reviews
  • Implementing Safety Code Inspector optimization technology
  • Enhancing eServices based on customer feedback
  • Reducing zoning regulations
  • Renewing the Business Licence Bylaw

For more information:
edmonton.ca/serviceimprovements
Minister’s Awards for Municipal Excellence
Red Tape Reduction/PLI Video

Media contact:
Denise Gee
Senior Communications Advisor
Communications and Engagement
780-984-4631​
 
Calgary tops list for Western Canadian investment - Edmonton not in the top 5...

For real estate

Do we want to be the best city for real estate investing? This means we would lose our advantage of affordable housing.

In any event there's no real methodology to that article.
 
Ok, but then what is the disconnect between supply, demand, affordability and desirability?

We are currently seeing an increasing gap between other major cities in Canada and while that might have some perceived (or real) benefits, it also means that Edmonton is falling behind its counterparts.

Climate certainly plays a part, but what about lifestyle, reputation, opportunity?

Screen Shot 2022-11-01 at 3.34.37 PM.png
Screen Shot 2022-11-01 at 3.36.12 PM.png
 
Ok, but then what is the disconnect between supply, demand, affordability and desirability?

We are currently seeing an increasing gap between other major cities in Canada and while that might have some perceived (or real) benefits, it also means that Edmonton is falling behind its counterparts.

Climate certainly plays a part, but what about lifestyle, reputation, opportunity?

View attachment 436619View attachment 436620
The other markets are falling behind us. Not the other way around. The other markets are simply not building enough new homes. Yes this means that you don't see as much in the way of windfall profits to real estate speculators in Edmonton but that's irrelevant to the main issue which is housing affordability and the advantages that is increasingly bringing to this city. It's becoming a bigger and bigger draw in this high inflation, high cost environment.
 
Ol' Frankie's article there is a major contradiction and a spin job of "future" jobs by deHav and Infosys. If he did a comparison of YEG's job creation it would clearly show we're running circles around the City of Cows. But "construction" jobs aren't sexy like "so-called tech" jobs, I guess. If there was an article about how many "1,000's" of industrial const. jobs in YEG - his head would explode. He also quotes "YYC"s" spending at "8 billion," pretty sure that is Alberta's total number of consumer expenditures. Oh well, if it helps their DT group lease more "C" grade office space to "high tech" companies like Infosys.....then let them have that fairly tale of an article.
 
Calgary tops list for Western Canadian investment - Edmonton not in the top 5...

I'd rather Edmonton not become an overheated real estate investment market like what has happened to Toronto, Vancouver, the Okanagan, Halifax (albeit very recently), etc.
 
Personally I'd like to see some additional investment flowing into mid-rise and higher rise in central Edmonton, but hey, let's just keep growing out.

The point of the article was that even some of the most obscure places are getting more attention than YEG.
 

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