The M.D. of Bonnyville has officially adopted a new Investment Attraction Action Plan aimed at growing the municipality’s economy, attracting new business and strengthening long-term sustainability.

The strategy, approved during council’s May 12 meeting, builds on the municipality’s previous economic development work and focuses on several key sectors identified as growth opportunities for the region.

Scott Kotowich, Manager of Community Investment Strategy, told council the plan is designed to support and grow local business while positioning the M.D. to compete for future investment opportunities.

“The action plan was created to support and grow local business and industry,” Kotowich told council during the presentation.

The plan identifies several priority sectors including energy, protein agriculture, tourism, renewable technology, defence procurement and foreign direct investment.

Kotowich explained the strategy will help identify investment-ready sites, competitive advantages and policies that support economic growth.

“Increased investment will result in a stronger tax base, increased employment opportunities, and the development of clusters and value chains that will diversify and strengthen the local economy,” he said.

The initiative is tied directly to the M.D.’s strategic goal of “building a prosperous and sustainable community.”

Funding for implementation has already been included in the 2026 Economic Development budget, with the administration noting that the municipality has also secured federal and provincial grant funding related to the initiative.

Councillor Caroline Palmer supported the plan during the discussion.

“Just in review of the plan itself, it definitely covers all aspects of marketing the M.D. of Bonnyville for future growth,” Palmer said. “So, it’s a great plan put together.”

Council unanimously approved the action plan.