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Flagship Initiatives
The group’s Direct Foreign Investment Strategy was singled out for accolades by the Alberta Ministry of Municipal Aff airs last fall, where the group won the Minister’s Award for Municipal Excellence.
W
hen you have 83 diff erent municipalities, jurisdictions and partners working together it isbound to produce results. The Eastern Alberta Trade Corridor (EATC) has
won an award for co-operation for starters.
If you want to attract foreign investment your chances of success improve with size and therefore the Palliser Economic Partnership, the Battle River Alliance for Economic Development and the Alberta HUB economic development alliances on the east side of the province decided to market the region as the Eastern Alberta Trade Corridor (EATC).
“We realized that working with others certainly helps our case,” says Walter Valentini, the Executive Director of the Palliser Economic Partnership, which covers the most southeastern parts of Alberta. “There’s an old saying that a rising tide fl oats all boats. The EATC will put us in a position to attract more attention for economic development opportunities than any one of our partners could do individually.”
Further co-operation could also lead to an even more important role in the Ports-to- Plains (P2P) trade alliance. The Texas-based lobby and working group boasts members along 3,700 kilometres of highway from Mexico’s major sea ports through nine U.S. states and along the northern Canadian leg to the oil sands region.
Eastern Corridor promotes metal manufacturing
A sign of Alberta’s growing importance was clear at the P2P annual general meeting and conference held in Medicine Hat in the fall of 2012, which brought together the voices of chambers of commerce, business owners and transportation experts from along the continental corridor, Canada to Mexico.
“The goal of the organization is to strengthen their rural economies. They’re largely working from a transportation perspective, because transportation is critical for rural economies - overcoming distances to make the whole more than the sum of its parts,” said Valentini. “
Within the EATC, membership ranges from large players, such as the City of Medicine Hat, to small villages, Metis settlements and First Nations. Nonetheless they share a similar focus on agriculture and energy. According to Alberta Enterprise and Advanced Education, more than $5 billion worth of public and private infrastructure will be built in the EATC over the next three years and $10 billion worth of committed oil sands development just to the north.
For more information contact
Palliser Economic Partnership at 403.526.7552 or
www.palliseralberta.com
To realize the full potential of the economic opportunity that comes with such construction projects, so we are looking to fi nd opportunities for local companies to participate in the supply chain of major projects.
Vast distances and remote centres need to be spanned with uniform highway system that takes industry needs, as well as routing, into consideration.
The EATC region with its comparatively low land values is a prime location for metal manufacturing, such as metal fabrication, modular construction, staging and assembly.
These industry centres or clusters, could enable one company to take the lead on a project bid knowing that they can farm out certain aspects to nearby fi rms, or even engage a strategic partnership to handle a major portion of the project.
“Often times when you look out the corporate board room windows in Calgary and Edmonton you can’t see this far.
“We’re trying to say, there are companies here that are good companies, qualifi ed and have capacity, they’re just not on your doorstep. Working together helps us be heard by these companies.
The initial response among metal fabricators in the area has been strong. The group realizes that this is just a fi rst step in creating new business relationships for the long term and understand that it will take time to realize success from these eff orts.
Plans are to have a number of sector profi les Ready by late spring of 2013, then 15 to 20 company profi les, to further market the EATC region for a variety of opportunities.
“The corridor is a combination of diff erent pieces of a puzzle,” said Valentini. “We have operated as individual pieces till now but the world might look quite diff erent if we can fi t some of those pieces together”.
OUR COMMUNITIES ■ OUR REGION ■ OUR PEOPLE | 3
41137832•03/26/13
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