Title
Edmonton Global Funding Request
Proposed Motion
That the Edmonton Global funding increase be received for information, as presented.
Body
Administration Recommendation
Administration supports the proposed motion.
Purpose
Advise members of Council on information pertaining to a proposed Edmonton Global funding increase.
Summary
Edmonton Global is asking for increased funding from the shareholders as per the attached report. Three options will be presented at a special shareholder meeting on October 22, 2020. Parkland County is a shareholder of Edmonton Global and currently provides annual funding of $67,954.15 to the organization; however, this runs the risk of increasing significantly.
Strategic Plan/Policy/Legal/Staff Implications:
Strategic Economic Diversification: support the continuation and evolution of traditional economic activities, while pursuing new opportunities for diversified and sustainable growth
Financial Impact:
Cost: n/a
Source of Funding: n/a