Medicine Hat Economic Development launches a focused approach to business retention and expansion
Medicine Hat – Medicine Hat Economic Development and regional partners have launched the first phase of their innovative Business Retention and Expansion – Industry Specific (BREIS) program.
This program is a unique take on conventional approaches to business retention and expansion efforts. Unlike past programs, BREIS will gather data and compile reports focusing on one industry per study, rather than taking a broad approach typically used in regional business retention and expansion assessments.
“The Business Retention and Expansion Industry Specific program provides us with an opportunity to dive deep into the challenges, needs and opportunities of individual sectors,” states Selena McLean-Moore, Director of Medicine Hat Economic Development. “In this first phase of the program, I look forward to working closely with our manufacturing, warehousing, defence, aerospace and aviation companies in Southeast Alberta to better understand how our department, and the work of our regional economic development partners, can support these industries to capitalize on identified opportunities,” adds McLean-Moore.
The project is another instance of regional collaboration from Medicine Hat Economic Development, with BREIS regional partners including the Town of Redcliff, Cypress County, the Southeast Alberta Chamber of Commerce, Careers: The Next Generation, Medicine Hat College and C4i.
The primary objective of this initiative is to understand the present condition of businesses within our region and to build strong relationships with the business community. The deliverables expected at the end of each study include industry-specific benchmarking and actionable insights aimed at fostering sustained growth and prosperity within that industry long-term.
The initial phases of the program will concentrate on aerospace, manufacturing, and warehousing, with plans to expand to additional industries such as agriculture later this year. Business visitations for the aerospace, aviation and defence, and manufacturing, distribution and warehousing stages of the project are slated to commence this June.
Businesses interested in participating in the study are encouraged to reach out to Medicine Hat Economic Development by email at opportunity@medicinehat.ca.
Learn more by visiting https://www.medicinehat.ca/breis/
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