Lac La Biche County has been selected as a designated community under the Rural Entrepreneur Stream.
The Rural Entrepreneur Stream is an economic immigration program. Entrepreneurs who want to start a business or buy an existing business in a rural Alberta must invest a minimum of $100,000 into a business and must also have a minimum of $300,000 in equity.
For more information, please visit the Government of Alberta's website.
To contact a Lac La Biche County representative about the program, please email ruralrenewal@laclabichecounty.com.
Essential Resources:
To assist you in this crucial initial phase, we strongly encourage interested applicants to utilize the following resources:
1. AAIP Rural Entrepreneur Stream Eligibility & Process: Please carefully review the comprehensive checklist and guidelines provided by the Government of Alberta. This outlines all the necessary steps, including the community visit, business proposal development, and the direct engagement expected from the entrepreneur: https://www.alberta.ca/aaip-rural-entrepreneur-stream-eligibility
2. Lac La Biche County's 15 Resolutions for Success: This document identifies our priority growth areas and strategic objectives, which can help you align your business concept with our community's vision. You can find this important document here: https://www.laclabichecounty.com/p/15-resolutions-for-success
3. Lac La Biche County’s Economic Development webpage: This webpage has several important documents such as the Retail Gap Analysis and opportunities that would thrive in our community.
4. Local Real Estate & Business Listings: For information on existing businesses for sale, commercial properties, and investment opportunities, we advise you to connect directly with local realtors in Lac La Biche County. They are your primary resource for real-time market opportunities. A simple online search for "realtors Lac La Biche" will provide a comprehensive list. Please also check out the Regional Dashboard that showcases multiple sites available in our region.
5. Alberta Purchasing Connections (APC): For information on potential government procurement opportunities or Requests for Proposals (RFPs) that might align with your business, please visit: https://purchasing.alberta.ca/
Our Role and Expectations:
It is essential for potential entrepreneurs to undertake this practical groundwork and complete the initial steps outlined by the province before the municipality can offer more tailored support or formal endorsement. At this time, if you are prepared to proceed with a community visit to Lac La Biche County, we kindly ask that applicants submit a formal letter of request along with a business plan tailored specifically to how the initiative will succeed within our community. Please include potential dates and timelines, as well as financials to ruralrenewal@laclabichecounty.com. Once applicants have completed the community visit, conducted preliminary research, and developed a concrete business proposal aligned with the AAIP requirements, we will discuss alignment with our community's economic goals and establishment.
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