Sylvan Lake looks to China for investment

Sylvan Lake looks to China for investment

Sylvan Lake’s economic development officer went to China to woo potential investors

Sylvan Lake economic development officer Vicki Kurz went to China to fish for investment.

She got a few promising nibbles with one potential investor/developer is expected to visit later this month or early next year, said Kurz.

The next step is to put together an itinerary to show off the community to its best advantage. Some cultural awareness training may also be offered town council, and other hosts, to provide the best welcome possible.

Kurz was among about 10 central Albertan representatives, including Central Alberta Access Prosperity, the region’s economic development organization, who joined last month’s 10-day provincial trade mission organized by provincial representatives and the economic development organizations for Calgary and Edmonton.

Sylvan Lake had three specific investment opportunities to promote backed up with information packages translated into Mandarin. A hotel with conference spaces and a waterslide, amusement park and downtown commercial redevelopment.

Kurz was among half a dozen Albertans who were focused on tourism opportunities. They presented to different groups in several cities and those in the audience interested in learning more could meet one-on-one.

Sylvan Lake’s ideas went over well with a dozen one-on-one sessions requested.

“It was very positive,” said Kurz.

“What I was speaking about in my presentation was that we have a lot of Chinese visitors coming through on bus tours right now and we’re not capturing them or (realizing) the economic benefit of keeping them overnight or for the weekend,” she said.

The investor-developer planning to check out Sylvan Lake is interested in commercial redevelopment. She also is continuing to follow up with other investors she met on the mission.

When working with Chinese investors, a long-term approach must be taken, she said.

“It’s about relationship building. It takes time to do business in China.”

pcowley@bprda.wpengine.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Canopy Growth Corp. will deepen its U.S. presence by launching four sparkling cannabidiol waters, shown in a handout photo, there before possible federal legalization. THE CANADIAN PRESS/HO-Canopy Growth
Canopy Growth launches first CBD drinks in U.S. as legalization talk intensifies

Quatreau sparkling waters will be sold through e-commerce

A nurse assistant prepares a dose of the Oxford-AstraZeneca vaccine for COVID-19 during a priority vaccination program for health workers at a community medical center in Sao Paulo, Brazil, Wednesday, Feb. 3, 2021. THE CANADIAN PRESS/AP-Andre Penner
Oxford-AstraZeneca vaccine for COVID-19 needs better promotion: experts

National Advisory Committee on Immunization makes recommendations

A man receives his COVID-19 vaccine at a clinic at Olympic Stadium marking the beginning of mass vaccination in the Province of Quebec based on age in Montreal, on Monday, March 1, 2021. THE CANADIAN PRESS/Paul Chiasson
Most Canadians confident federal vaccine rollout is back on track: poll

Fifty-six per cent of respondents confident in vaccine supply

Air Transat and Air Canada aircraft are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. THE CANADIAN PRESS/Paul Chiasson
International air travel a fraction of pre-pandemic times

International air travel during pandemic less than a 10th of what it was before COVID-19

Red Deer dogs Bunsen and Beaker helped save a missing pet recently. The two dogs have more than 80,000 followers on Twitter. (Contributed photo)
WATCH: Red Deer science dogs help save lost pet

Red Deer science-communicating dogs Bunsen and Beaker helped rescue a missing pet… Continue reading

FILE - In this Jan. 31, 2020, file photo, former NBA player Shaquille O’ Neal is interviewed on the red carpet for Shaq’s Fun House in Miami. O’Neal is set to perform in his first competitive match when he teams in All Elite Wrestling with Jade Cargill in a mixed tag to take on Cody Rhodes and Red Velvet at Daily’s Place on an episode of “Dynamite,” Wednesday, March 3, 2021. (AP Photo/Lynne Sladky, File)
Shaq Attack: O’Neal ready to rumble in tag match for AEW

O’Neal’s first competitive match with All Elite Wrestling

Tokyo 2020 Organizing Committee President Seiko Hashimoto, center, speaks during a Tokyo 2020 executive board meeting in Tokyo, Tuesday, March 2, 2021. (AP Photo/Koji Sasahara, Pool)
Tokyo Olympics add 12 women to executive board to reach 42 per cent

Board will now have 19 women among its 45 members

The Stratford Festival’s Festival Theatre is shown in Stratford, Ont., on May 28, 2018. THE CANADIAN PRESS/Geoff Robins
Stratford Festival plans next stages with two outdoor summer venues

Ontario festival productions set for between late June and the end of September

Treena Mielke
From record player to CD

When I first began dating my husband, he drove a little old… Continue reading

Opinion
Ottawa banks on Big Pharma making Canada pandemic-proof

Liberal fireball François-Philippe Champagne may be brand new to his portfolio as… Continue reading

Dr. W. Gifford-Jones
Health: Keep blood pressure under control

Eleanor Roosevelt once said, “You must do the things you think you… Continue reading

Edmonton Oilers' Kailer Yamamoto (56) and Toronto Maple Leafs' Morgan Rielly (44) reach for the rebound from Leafs goalie Michael Hutchinson (30) during second-period NHL action in Edmonton on Monday, March 1, 2021.THE CANADIAN PRESS/Jason Franson
Michael Hutchinson earns 31-save shutout, Maple Leafs blank Oilers 3-0

Michael Hutchinson earns 31-save shutout, Maple Leafs blank Oilers 3-0

Most Read