Title
Edmonton Global (Edmonton Metropolitan Region Economic Development Company)
Proposed Motion
That Council authorize Administration to give written notice to Edmonton Global of Parkland County’s request to terminate as an Edmonton Global (Edmonton Metropolitan Region Economic Development Company) shareholder in accordance with Article 42 of the Articles of Association.
Body
Administration Recommendation
Administration supports the recommendation.
Purpose
To discuss Parkland County’s membership with the Edmonton Global (Edmonton Metropolitan Region Economic Development Company).
Summary
In April 2017, Parkland County signed a three-year membership commitment to the Edmonton Metropolitan Region Economic Development entity, subject to 2/3 of the Capital Region municipalities participating in the membership contributions.
The role of this entity was established to promote the Edmonton Region on the global stage and promote our region’s competitiveness, growth and innovation. Initially the entity was to work with regional partners to develop regional branding, collect information for a regional database and formulate a regional strategy for business and talent attraction.
Membership costs over the last three years were:
2017 - up to $40,000
2018 - up to $50,000
2019 - $75,000
Parkland County is an entrepreneurial County, who wishes to ensure we are nimble, effective and consistent with those that wish to do business in the County. We envisioned a different Edmonton Global, one who was providing services and products we were not already and one that did not inhibit our ability to stay entrepreneurial. It appears that the current structure and work Global is taking on is not aligned to provide intrinsic value to Parkland County. Competition even internal competition is good, and Parkland County is not afraid of competing against those in the region. We will win some, and loose some.
As well the governance structure is too far removed from Parkland County an...
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