Sturgeon County January 2020
Overview Today’s presentation will cover • Intro to Ec Dev – Core Functions • Macro Trends • Edmonton Metro Region Context • Sturgeon County and Economic Development • Recent Successes • Major Development Areas (Industrial, Residential, Commercial) • Target Sectors • Department Initiatives • Contact Information • Questions
Department Overview
Macro Trends Economic Climate: Trade uncertainty dragging down global growth - OECD Economic Outlook, May 2019 Trump set to hit EU with tariffs on $7.5B of goods after Airbus ruling - Politico, October 2, 2019
Macro Trends Continued… Canadian Trade Agreements Provide Significant Benefit! • Canada-United States-Mexico Agreement (CUSMA) *not yet ratified • Canada-European Union Comprehensive Economic and Trade Agreement (CETA) • Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Gives Canadian Investors and Businesses Market Access to almost 1.5 billion people
Macro Trends Continued… Prices for Oil (WCS) and Natural Gas (AECO) The same low commodity prices that harm most public and private sector budgets in AB… provide huge opportunities as ultra low-cost feedstock in refining and petrochemical operations.
Macro Trends Continued… Growth in Basic Chemicals and Chemistry Industry: Polypropylene (PP) – Added capacity due to demand increase Source: IHS Markit
Macro Trends Continued… Business Investment Climate CANADA: Among the top 5 agricultural products exporters in the world
Sturgeon County is an Agricultural Powerhouse • Total farm area of ~480,000 acres, Class 1 Soils throughout • Largest average capital per farm and land in crops • > 1 million tonnes of grain handling capacity (2020) • Largest overall gross sales (~$230 million in 2016) • Largest canola producer (129,000 acres) • Second largest barley producer (48,000 acres) • Largest poultry population (969,000 birds) • Only county with a hog operation (20,000 head) • Largest area growing fruit, nuts and berries (149 acres) • Second largest area growing nursery products (447 acres) • Home of the University of Alberta Research Farm Massive Opportunity for: Regional Partnerships, Value-Added Processing, Diversification & Clustering!
• Edmonton Global Consists of 15 partners in the Edmonton Region all working together for the success of the region • Includes Trade Development for those invested in the region • Home to more than 1.4 million people, generating $105 billion in GDP, the Edmonton Metropolitan Region is Canada’s 5th largest economy
Edmonton Global Municipal Shareholders…
Partners • County Council • Regional Municipalities • County Departments • Alberta’s Industrial Heartland • Government of Alberta (multiple • Edmonton Global ministries) • Investment Firms • Government of Canada (multiple ministries and services) • Local and National Developers • Brokerage community • CEPA, CAPP, CHOA, CN, CP, Com • Canadian Energy Research Institute Futures, ExDevCan, CIAC, NAIT, EIA • Banking Community • And Many More… • Chambers of Commerce
Recent Wins • Cando Rail Services – Sturgeon • Procurement Sessions with OSME Terminal (Feds) • PetroCanada – Namao • Van Brabant Services • G3 Canada – Grain Terminal • Total Transload Expansion • New Hangers in Villeneuve • Onec • Canada Kuwait Petrochemical • Volker Stevin Corporation (Limited Partnership) • Synergy Aviation Fixed wing flight • Alberta Carbon Trunk Line school • Supply Chain Forum • Steelhouse Doggy Daycare • County Bounty – Culinary Cookout • Regional Mighty Business Breakfast and Forge and Feast Dinner • Pembina Rail Expansion Bash – Regional Education Sessions • $100M investment from TELUS • Heartland Waterline
Recent Wins
Recent Wins
Statistics and Demographics Sturgeon County is 2,100 km 2 of land, not including CFB Edmonton Municipal Census 2019 notes 20,506 Residents; population grew 4.7% from 2011 - 2016 (Fed census) 6 Divisions / Councillors + Mayor Served by 14 Highways including: 2, 15, 28, 28A, 37, 44, 633, 642, 643, 644, 651, 779, 825, 829 Educated! 63% of residents (age 25-64) possess a post-secondary degree Affluent! Median Household Income of $121,984
Growth Potential • Ample Growth Areas • Low Barrier to Entry • Motivated and supportive community • Servicing available; competitive tax rates • Highly Competitive Levy Rates • Target of Conversion Industry, Value Added Agriculture, Value Added Energy, Manufacturing, R&D, and many others.
Major Development Areas: Industrial 6 Industrial Areas, ~22,000 Developable Acres Alberta’s Industrial Heartland (Sturgeon County) - $4.5B Canada Kuwa wait t Pe Petrochemic emical al Corporat ation on (CKPC) integrated PDH- PP facility. Adjacent to… - Pe Pembina na Redwater Fractionation Site (RFS), largest fractionation complex in Canada (210,000 bpd) - NWR St Sturgeon on Refinery, repairs on Gasifier largely complete, Bitumen processing by end of ‘19, full ramp up in ‘20. - Wolf Midstream eam, Alberta Carbon Trunk Line (ACTL) - Nutrien en Redwater (1.9M tonnes produced annually) - Cando Sturgeon Rail Terminal (Phase 1; 1900 cars) - Evonik, Inter r Pipeline ne also active…as well as significant undeveloped land holdings (Suncor, etc) - Alberta’s Industrial Heartland Association ( AIHA) targeting an additional $30B by ’30 - Sturgeon Mayor Alanna Hnatiw, new Chair of AIHA
Major Development Areas: Industrial Sturgeon Industrial Park (SIP) - Almost 2,000 acres available for development - Fully-serviced with Water/Wastewater, High/Low Pressure Gas, Paved Roads, Rail Access - Offsite Levies dropped ~33%, 2nd Lowest in EMR! - Increased Connectivity: Intersection Upgrades to Highways 15/37/825 (nearly complete), Highway 15 Bridge Twinning, Highway 825 bordering SIP Villeneuve Airport - Imminent Release of updated EIA Strategic Plan - Regional Collaboration, Villeneuve Landing Network ProNorth - Evaluating Expansion, not part of Annexation Negotiations Highway 642 (West of Morinville) - Heritage Industrial Park, G3 Canada and Westmor Grain Terminals - 1 million tonnes/annum grain handling capacity
Major Development Areas: Residential Sturgeon Valley - Established community of over 3,500 residents - Fall 2018, Sturgeon Valley Special Study Area proposal jointly developed by Sturgeon County, the City of Edmonton and the City of St. Albert. - Allows for special graduated transition densities to accommodate full development and a transit centre - March 2019, received Provincial approval to guide planning of future Sturgeon Valley development. - Growth Plan and Fiscal Impact Analysis (2019); Area Structure Plan (2020) Minimum Densities B1: 20 du/ha B2: 35 du/ha (overall minimum, Area B) Proposed Transit Centre: Between 42 du/ha and 125 du/ha (also Area B)
Major Development Areas: Commercial 2019 / 2020 Commercial Development Analysis - MXD Development Strategists and WSP Canada retained to perform study - Appropriate Areas, Types & Timelines for Commercial Development across the entire County - Segmentation of County into Zones, Ranking of Best Opportunities in each - Accounts for Regional and Internal Considerations, Major Thoroughfares, Traffic/Commuter Patterns, Infrastructure & Servicing Costs - Largely focused on Amenities, Retail, Flex, Light Industrial, Highway Commercial, etc
Major Development Areas: Commercial 2019/2020 Commercial Development Analysis - Recently Completed Internal & External Stakeholder Sessions (Local Developer & Broker Participation) Completed as a part of the Analysis - Liaise with Major Institutional Stakeholders (EIA & DND/CFB Edmonton) - Refine and Finalize Real Estate Market Analysis - SWOT Analysis for all Development Districts - Evaluation of Priority Sites and Recommended Mix - Identify Gaps and Recommendations for Infrastructure & Services to Unlock Priority Sites - Planning & Policy Recommendations - Investment Thesis - Action & Implementation Plan - January 2020 Completion
Sturgeon County Economic Development Target Sectors • Aerospace Component Manufacturing • Agricultural Malting, Milling, Crushing & De- Hulling • Cold Storage & Transport • Contract Packaging & Co-Packing • Conversion Industry & Plastics Manufacturing • Food Processing • Fruit & Vegetable Production / Processing • Hemp Decortication & Hemp-Based Manufacturing • Pulse Fractionation • Transportation & Logistics
Sturgeon County Economic Development Current / future Initiatives • Commercial Development Analysis • Foreign Direct Investment, Phase 2 • Divisional Competitiveness Review • Edmonton Global Investment Activities • Alberta’s Industrial Heartland Association (AIHA) • Bill 7, 29 analysis • CFB Edmonton Stakeholder Relations • Tri-County Agribusiness Initiative • Industry & Business Visits • Events! Small Business Week: Mighty Business Breakfast Bash, Industrial Park Business Mixers, Culinary Cookout (Award Winning), Supply Chain / Procurement Forums
Recommend
More recommend
