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The Town of Trochu is embarking on a three-year Economic Development Strategy to create a stronger, more resilient local economy. This initiative will build on Trochu’s unique strengths, address key challenges, and uncover opportunities to support businesses, attract investment, and enhance community prosperity.
With the support of Lochaven Consulting and funding from the Government of Alberta’s Small Community Opportunity Fund, this project will guide Trochu’s economic growth in a way that aligns with the community’s values and long-term vision.
What is the Economic Development Strategy?
This strategy is a roadmap for economic success—a plan that will identify realistic, practical actions to foster business development, encourage local investment, and create a thriving economy for years to come. It will focus on:
• Supporting Local Businesses – Helping existing businesses grow and succeed.
• Entrepreneurship & Innovation – Encouraging new business ventures and ideas.
• Business Attraction and Investment – Identifying opportunities to attract sustainable business and investment.
• Workforce Development – Ensuring a skilled and competitive workforce.
Project Phases & Timeline
The project will unfold in four key phases over the next three years:
Phase 1: Project Launch (Jan – May 2025)
• Community outreach & engagement
• Identifying key economic strengths & challenges
• Setting goals and priorities
Phase 2: Research & Planning (Apr – Sep 2025)
• Gathering data & analyzing trends
• Stakeholder consultations
• Reviewing economic opportunities & industry potential
Phase 3: Strategy Development (Oct 2025 – Mar 2026)
• Creating the economic development roadmap
• Developing key initiatives & action plans
• Establishing success measures
Phase 4: Implementation & Growth (Apr 2026 – 2028)
• Putting the strategy into action
• Supporting businesses & new initiatives
• Tracking progress & making adjustments
How Can You Get Involved?
Your input is crucial to shaping Trochu’s future! We’ll be hosting community meetings, surveys, and workshops to gather ideas and feedback from residents, business owners, and stakeholders.
Stay connected! Watch for updates on how you can participate.