RADF Investment: $1,172,050

Other Investment: $439,300

Total Investment: $2,383,550

Project Period: May 2011 - December 2013

T: 403.357.2395

Project Description

Turning the Keys on Opportunity is a regional, economic development project led by Red Deer County aimed at boosting local business expansion and foreign direct investment in central Alberta rural communities. The project will connect investment-ready businesses in central Alberta to international investment opportunities. TKO will strategically foster economic diversification and sustainability at a business-to-business (B2B) level by focusing on targeted foreign direct investment, business retention and expansion. The three priority sectors identified as qualified business prospects are manufacturing, logistics and transportation and the agri-food industry.

Expected Outcomes & 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:

• Development of highly skilled workforce that plays a major role in bringing economic growth to central Alberta
• A more diversified and stabilized economy through increased international investment in central Alberta via bricks-and-mortar investment, mergers and acquisitions, joint ventures and strategic alliances.
• Develop processes and transferrable tools that can be adapted by other Alberta communities and regions for business retention, expansion and foreign direct investment.