Post-COVID economic development strategy planned

Economic development organizations and post-secondary institutions join forces on strategy

Central Alberta post-secondary institutions and economic development players are joining forces to plot out a post-COVID-19 business recovery strategy.

Central Alberta Economic Partnership, Red Deer College, Olds College, Burman University and three economic development-focused organizations are backing the project to research the regional labour market to provide the groundwork for a development and attraction plan.

MNP’s Red Deer office has been contracted to create a regional labour profile that will identify trends, workforce gaps and emerging occupations. The work will also involve looking more closely at underemployed and underrepresented groups in the workforce and their potential contributions.

Red Deer College president Peter Nunoda said the effort will benefit the college.

“As we transition to become Red Deer University, the valuable findings will assist our institution to ensure current and future programs meet the needs of students and businesses across the region,” said Nunoda.

As one of central Alberta’s largest employers, the college expects to use the research in its workforce planning decisions.

A strategic plan is expected to be ready by the fall.

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