By rdnewsNOW staff

City and County to collaborate on regional economic development with NRED grant

Apr 19, 2024 | 1:52 PM

The City of Red Deer and Red Deer County have been jointly awarded a $100,000 grant from the Northern and Regional Economic Development (NRED) Program, for joint regional growth and economic development.

This was reported April 10 (see below), but the City and County are now expanding on what the grant will allow them to accomplish together.

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“The City of Red Deer and Red Deer County have a strong future of partnership and cooperation on issues of mutual interest,” says Red Deer Mayor Ken Johnston. “This funding from the NRED Project grant allows us to undertake work that fosters prosperity and growth that brings many benefits to the region, creating a high quality of life to our regional citizens.”

County Mayor Jim Wood adds, “In working together, we build up our region as a whole and maximize opportunities for residents of Red Deer County and the City of Red Deer. With the benefit of the NRED funding and a strong partnership approach, we are sending the message that central Alberta is investment ready.”

According to the City, work performed on this project will include identification of lands suitable for joint economic development by each party.

Use of this funding can capitalize on the location of the municipalities along the QEII corridor, “and jointly provide large tracts of land, labour force, complimentary industries, and the urban infrastructure needed to attract these types of investments,” the City explains.

The project also aligns with the City’s strategic plan goal of being a ‘thriving city,’ and the County’s strategic plan goal for ‘economic development and regional collaboration.

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READ MORE: Land annexation for northwest Red Deer commercial ‘power centre’ approved by province

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NRED grants for 2023-24 total $7.3 million for 74 projects.

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