Economic Development Leduc’s ‘Sandbox’ No matter what community, there are always many forces and organizations involved in economic development. The purpose of this sub-section is to ultimately decide which direction to take the services. The following table identifies City’s the economic development initiatives/projects that are currently active in Leduc and identifies their key focus. Glossary of terms found in the following table: Investment Attraction Identifying target markets and promoting the area for the purposes of attracting commercial, – industrial, residential or institutional investments Business Retention and Expansion Identifying concerns of the local business community and addressing them in – an effort to improve the local business environment Small Business Development Counselling, training and financing services to new entrepreneurs or existing small – businesses facing challenges of growth or decline Includes enhancing the physical infrastructure of the community (e.g. roads, utilities, Infrastructure and Planning – telecommunications) and completing Community Plans and Zoning Bylaws Identifying and addressing weaknesses in the local or regional labour force Work Force Development – Tourism Marketing Promoting the area to visitors and providing visitor services – Tourism Product Development Enhancing the location (i.e. the product) in order to make it more enticing to – prospective visitors including developing events and festivals. 7.1: CORE & Organization Force Small Planning Product Tourism Tourism Business Business Marketing Attraction Work Expansion & Retention Investment Development Development Development Infrastructure City of Leduc Leduc-Nisku EDA
Leduc’s Economic Development ‘Sandbox’ No matter what community, there are always many forces and organizations involved in economic development. The purpose of this sub-section is to ultimately decide which direction to take the City’s services. The following table identifies the economic development initiatives/projects that are currently active in Leduc and identifies their key focus. Glossary of terms found in the following table: Investment Attraction – Identifying target markets and promoting the area for the purposes of attracting commercial, industrial, residential or institutional investments Business Retention and Expansion – Identifying concerns of the local business community and addressing them in an effort to improve the local business environment Small Business Development – Counselling, training and financing services to new entrepreneurs or existing small businesses facing challenges of growth or decline Infrastructure and Planning – Includes enhancing the physical infrastructure of the community (e.g. roads, utilities, telecommunications) and completing Community Plans and Zoning Bylaws Work Force Development – Identifying and addressing weaknesses in the local or regional labour force Tourism Marketing – Promoting the area to visitors and providing visitor services Tourism Product Development – Enhancing the location (i.e. the product) in order to make it more enticing to prospective visitors including developing events and festivals. 7.1: CORE Organization Investment Attraction Business Retention & Expansion Small Business Development Infrastructure & Planning Work Force Development Tourism Marketing Tourism Product Development City of Leduc Leduc-Nisku EDA