Endorsing five strategic economic development initiatives, the city has narrowed their sights on specific ideas.
© Herald file photo
The plans were laid out following a strategic planning session in March, as reported in the Daily Herald earlier this month -- an article you can find by clicking HERE.
These five strategic initiatives include;
âą The creation of plans for growth and development.
âą Regionalization and partnerships with rural municipalities.
âą Branding and marketing Prince Albert and region.
âą Identify and foster champions and get buy-in from the community.
âą Identify key incentive programs and strategies with all levels of government.
âEconomic development cannot exist in isolation,â city manager Jim Toye said in a release. âIt needs to be pursued within the context of broader planning priorities âŠ We need plans for growth and this will be one of the first out of the gate.â
Another piece of the economic development puzzle will be the adoption of Prince Albertâs new Official Community Plan, which has sat un-adopted for several years pending provincial approval.
Economic development cannot exist in isolation. It needs to be pursued within the context of broader planning priorities âŠ We need plans for growth and this will be one of the first out of the gate.â Jim Toye
The city must adhere to a one-in-500-year flood event elevation before the plan will be accepted. The city currently adheres to a one-in-100-year flood event elevation, which hugs the riverbank.
The one-in-500-year flood event elevation would affect about 2,500 properties primarily in the west flat area of Prince Albert.
Although existing homes will not be affected by the new flood regulations, any new builds will have to be flood proofed up to the flood event elevation line, the details of which are expected to be shared during public meetings prior to the planâs adoption.
The cityâs full Economic Development Strategic Plan is available online by clicking HERE.