TAMRMS#: B06
title
St. Albert Incubation Strategy
Presented by: Curtis Bauer, Manager of Business Attraction
label
RECOMMENDATION(S)
recommendation
1. That Council Members provide feedback to Administration on the “Economic Gardening Framework”, provided as an attachment to the May 23, 2017 Agenda Report entitled “St. Albert Incubation Strategy” by June 2, 2017.
2. That Administration incorporate feedback received from Council Members into the “Economic Gardening Framework” and bring it back for Council consideration at a date to be determined by the Agenda Committee.
body
PURPOSE OF REPORT
This report outlines a revised business incubation strategy for the City of St. Albert, last presented to Council on January 25, 2016. This revised strategy focuses on the primacy of creating a collaborative business ecosystem for progressing early-stage businesses in the City through phases of idea generation, incubation, acceleration, and retention.
COUNCIL DIRECTION
At the January 25, 2016 Council meeting the following motion was passed:
(C34-2016)
That Administration bring back a City of St. Albert Business Incubation Strategy subsequent to Council approval of the Smart City Master Plan and consultation with relevant stakeholders including, but not limited to, NABI.
BACKGROUND AND DISCUSSION
On June 23, 2014, Council made a motion that Administration collaborate with Northern Alberta Business Incubator (NABI) to develop an Incubation Strategy and to utilize an Oversight Committee structure to help guide the creation of the Incubation Strategy. The agenda report entitled “Incubation Strategy” was presented to Council on December 14, 2015 and Administration was directed to re-engage with relevant stakeholders including (but not limited to) NABI subsequent to the approval of the Smart City Master Plan, and to bring back a revised strategy.
The Smart City Master Plan was approved on September 6, 2016, and one of its stated outcomes is to “support econo...
Click here for full text