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Killam Regional Economic Development Initiative

Impacts Central Alberta

RADF Investment: $234,269

Other Investment: None

Total Investment: $234,269

Project Period: August 2007–October 2008

Economic Development Economic Development

T: 780.385.2398

Project Description

Operating out of the Flagstaff District, this project attracted key agri-businesses into the region. Potential value-added businesses were identified and screened, with the most likely prospects approached and enticed to locate in the area. Industries targeted include ethanol and biodiesel processing facilities, a commercial food and food supplement greenhouse, a bio-mass refinery, and flaxseed production facilities.

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:

  • Enhance agricultural base generating increased crop demand and revenue
  • Increase local economic activity, employment, and access to secondary value-added services for local residents
  • Support local ownership and return on investment for regional groups
  • Develop an effective media and marketing plan
  • Create 60–70 new job opportunities