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Study being conducted to better understand current economic climate

Last Updated Jan 23, 2017 at 10:21 am MDT

An Economic Opportunity Assessment is being conducted this week to better understand the current post wildfire economic climate of our community and how to plan for future supports.

The Recovery Task Force and Regional Municipality of Wood Buffalo’s (RMWB) Economic and Development Department have invited 10 experts to conduct this in-depth assessment.

The study is being led by Economic Developers Alberta (EDA) they will work with local businesses and stakeholders to determine the current challenges, the progress of recovery and how to improve the economic outlook of our community.

“EDA is pleased to bring together this team of experts, because we know that economic developers have a critical role to play in economic and business recovery efforts,” said Leann Hackman-Carty, EDA CEO. “Many communities across North America have experienced natural disasters in the past, and have valuable expertise to share with others. By bringing together a team of economic development professionals with specific expertise and experience, we are able to help support the RMWB’s ongoing economic recovery efforts.”

This assessment is being funded through the Government of Alberta, a report based on the findings is expected to be available in March. It will include short-, medium- and long-term recommendations for success in the business community, which drives job creation, workforce development, and local commerce.