The Olds Institute for Community and Regional Development has a mandate to develop a long term Economic Development Strategy for the municipality of Olds Alberta.
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Economic Development and Municipal Sustainability
Committees with the Institute include Investment Attraction, Business Retention, Community Lifestyle, Finance, Marketing, Opportunity ID, and Technology.
Are you looking for a community to invest in? Look no further than Olds, Alberta.
The Institute supports local business in their expansion plans, and encourages business to remain in Olds.
We are engaged in initiatives that enhance the social and economic development of the community of Olds.
Thanks to the financial support of our economic partners, the Institute is able to support the community.
Promoting the Olds Institute to its residents and business investors, and marketing the community to the world.
The Institute researches needs in the community identifying opportunities that will make Olds sustainable.
Olds will be one of the first communities in Alberta to offer fibre to the premises for residents and businesses.
Business &
Investment Attraction
Business Retention
& Expansion
Community
Lifestyle
Finance
Marketing &
Communications
Opportunity
Identification
Technology

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Business Retention and Expansion Committee
| Business Retention & Expansion | Vision/Mission | Strategy | Uptowne Olds | Other Projects |

No matter the size of the municipality, community leaders are all interested in building strong vibrant local communities. Businesses, and the jobs they create, are critical components of strong economies. The Business Retention and Expansion Committee committee works to strengthen our existing business base in Olds, and works towards ensuring an environment conducive to future business that will enhance our quality of life.

This committee serves as a management tool to help community partners contend with issues surrounding community revitalization. We believe this process can develop a framework for moving Olds forward by assisting local businesses to expand. Development practitioners and studies indicate that a much greater economic impact can be achieved if communities focus and take care of existing businesses.

Strategies such as business recruitment, strategic partnerships, tourism development, and downtown revitalization are often implemented as part of an overall economic development strategy.

Building relationships with the business community through a structured and systematic approach can lad to quick economic development wins, as well as more effective economic development and planning strategies. To this end, the Business Retention & Expansion Committee began their process in 2004 to survey Chamber of Commerce members and business owners. They were then able to introduce a strategy of development that addressed business owners' priorities according to the survey results.

Now, this group of volunteers is currently involved in the promotion and marketing of the downtown core, and branding the business community in this area as the new Uptowne Olds. With a fresh new logo and plans for restoring many of our downtown commercial building storefronts, this group is well on its way. The result will be a renewed storefront, increased traffic and business, and the satisfaction of being part of a community-wide effort to promote and strengthen Uptowne Olds!

If you are interested in any of these projects, or have new ideas that should see the light of day, please contact Chairman Bill Hall at 556-1234.
Essential Members   >>   Town of Olds | Olds & District Chamber of Commerce | Olds College | Olds Agricultural Society
Associate Members   >>   Chinook's Edge School Division | Mountain View County
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