Project Process

Economic developers have an important role in the success of Match Factor as they are the first point of contact in their communities.

EDA encourages Alberta's economic developers to help us identify suitable businesses in your community to participate in this project.

HOW?

Phase One: Call for Interest (December 5, 2022)

EDA and SuccessionMatching formally launch the Project by issuing a call for Alberta business owners to sign up on the SuccessionMatching website.

EDA invites its members to market this opportunity in their local communities, and solicits interest in taking part in a larger rollout after the Pilot Project.

Phase Two: Selection and Qualification of Businesses

SuccessionMatching sorts businesses into two groups: Business owners either prepared and ready to match to a potential buyer,; OR business owners that need help setting up their formal succession plan.

Phase Three: Due Diligence & Business Matching

SuccessionMatching matches businesses ready to sell with potential Investor Buyers; OR helps businesses that need to set up a formal succession plan through the due diligence process to a successful sale.

Phase Four: Matching Employees

Project matches displaced Ukrainians with job opportunities in the newly purchased business.

Phase Five: Successful Community Integration

Economic developers in the community help the displaced individual and their family integrate into the larger community.

Phase Six: Larger Rollout (April 2023)

Based on the success of the Pilot Project, and buy in from key provincial and federal partners, EDA and SuccessionMatching roll out a larger project to include more businesses, communities, and potentially other displaced newcomer groups.

To download the Info Sheet click here.

Your Economic Development Network in Alberta

www.invest-in-alberta.ca

Toll Free Phone: 1.866.671.8182

www.edaalberta.ca 

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