RADF Investment: $1.5 million
Other Investment: $334,242
Total Investment: $1,834,242
Project Period: December 2007–November 2011
Family enterprises are the largest group of business owners in rural Alberta, but there are few resources to help people transfer assets, ownership, and leadership to the next generation. This program, which is based at the University of Alberta School of Business in Edmonton, does just that, helping families transition assets to sons, daughters, and other young people. Significant components of the program are succession planning for business owners and knowledge transfer from one person to another.
Expected Outcomes and Benefits
All projects go through a selection process to ensure they will improve the quality of life for Albertans. This project meets this objective through the following outcomes and benefits: