At first glance, the current state of the economy seems to present insurmountable challenges for the region that’s home to Canada’s largest energy services industrial park, But look a bit closer and you’ll see a region that’s bustling with activity and working collaboratively to open up new markets and new investment opportunities.
The Leduc-Nisku Economic Development Association (EDA) is driving regional collaboration and works with seven communities in the region (the City of Leduc and Leduc County, the Towns of Beaumont, Calmar and Devon, as well as the Villages of Warburg and Thorsby). The Leduc-Nisku EDA formulates and leads strategies for the sustainable development of economic wealth within the region.
The region’s emerging Aerotropolis is at the forefront of these collaborative economic development strategies with new sector advancements and infrastructure enhancements. The Aerotropolis expansion builds upon the existing development centered on and around the Edmonton International Airport, and will establish new economic clusters. Planned over a 30 year period, the opportunity for growth is significant with over 5,000 acres of new net developable land available, adding up to 35,000 direct new jobs and generating $11.3 B in GDP on top of the current estimated $7 B in GDP already generated in the region.
Manufacturing has developed into a dynamic sector that supports the agri-business, bio-industrial, energy, and transportation industries in the Leduc-Nisku Region. There is a growing need for advanced manufacturing businesses to support the growth of new industries focused on aerospace and clean technologies.
Fueling future growth, the clean tech sector is poised to continue its rapid expansion as sustainable technologies continue to push boundaries. The Leduc-Nisku region has prioritized opportunities for companies who produce technologies that reduce negative impacts on the environment. The region is strategically positioned to support business growth in all facets of clean tech, including bio industrial products and processes as well as renewable and non-renewable energy production.
Agriculture business is the longest standing industry in the Leduc-Nisku Region. Building on its rich history of farming expertise, The Leduc-Nisku EDA is concentrating on developing the agribusiness cluster that is focused on complete utilization of products they produce. Home to the Agri-Value Processing Business Incubator and Food Processing Development Centre, the agriculture cluster continues to prosper with bio industrial production facilities using new crops, new processes and leveraging new technologies.
Aerospace and Aviation represent one of the most exciting opportunities in the region for investment. Still in its infancy, there is vast potential for growth with one of Canada’s most advanced aviation training facilities already at the Edmonton International Airport. With the continued development of the Aerotropolis, Aerospace is a targeted economic cluster in areas of research, development, design, manufacturing and education.
Energy still holds an abundance of opportunity. The Leduc-Nisku region holds some of the most cutting edge environmental technology used in the world’s oil and gas market. The Canmet ENERGY Research Centre is located in Devon and is a centre for research and innovation in Alberta’s energy industry. This combined with the region’s ever expanding renewables sector makes Energy a very attractive industry for investment. Consider the opportunities to leverage the existing manufacturing supply chain to build efficient and innovative systems, expand your business and utilize the skilled labour and technology available to capitalize on this move to renewables. Industries in wind, solar, bio-fuel systems, geo-thermal and many more can leverage the existing supply chain to their advantage.
The future of the Leduc-Nisku region is brighter than ever and is ushering in a new era focused on an existing entrepreneurial eco-system and value added processes. With the emerging Aerotropolis plan, there is limitless opportunity to invest in the region and see your business prosper.