Lacombe, Alberta (March 22, 2021) – Lacombe City Council, at their March 22 regular meeting, accepted Echo Lacombe Association's (Echo) 2021 Community Economic Development Strategy.
This inaugural, unique-to-Lacombe development strategy presented by Echo allows the organization to act as an economic development agency for the City.
"Lacombe City Council is pleased to see this strategy put forward by the Echo Lacombe Association – an organization which has a proven track record of economic and social good in our community. By further enhancing the reach of Echo, the City can further highlight Lacombe as business-friendly and community-focused," Mayor Grant Creasey said.
The strategy is centred on four strategies – Promoting economic growth, advancing Lacombe's economic diversity, maintaining Lacombe's high quality of life standard and stimulating business resiliency – and is benchmarked with 15 new or continuing actions.
Highlights of the plan include promoting Echo Internet service, supporting DARP project priorities, and further developing strategies to limit the effects of COVID-19 restrictions on area businesses and non-profit groups.
Ongoing initiatives include managing the City's energy retailer, Echo Energy; administering two City grant programs (Storefront Enhancement and Business Initiative); and maintaining Echo's Community Economic Development Microsite.
“It is important to take this next step as an organization, “ Echo President Jared Reich said. “This strategy demonstrates alignment with City Council priorities and ensures we are delivering programs in a coordinated and responsible fashion.”
Bylaw (Bylaw 480), which empowers Echo to:
• Manage the City's energy retailer, Echo Energy
• Offer a range of community economic development and other programs and projects
• Advance grassroots community economic development in Lacombe
Echo, in the future, will present their updated strategy and priorities on an annual basis to Council.
For additional information, contact:
Communications and Community Engagement Coordinator