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Economic Development


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9909 Franklin Avenue
Fort McMurray, Alberta   T9H 2K4
Phone: 855-WB-ECDEV (923-2338)

Economic Outlook

Report cover page

Download the Conference Board of Canada's May 2016 Economic Outlook for Wood Buffalo.

Related Links

Wood Buffalo Economic Development Corporation seeks applications for Board of Directors
The Wood Buffalo Economic Development Corporation (WBEDC) Taskforce is seeking applications for its inaugural Board of Directors. The Board will provide leadership for Wood Buffalo’s economic growth strategy. First steps will include forming the direction, strategy and values of the organization, as well as appointing the Corporation’s Chief Executive Officer. Learn more.

Wood Buffalo Economic Development Corporation
On November 28, 2017, the Wood Buffalo Economic Development Corporation (WBEDC) was established to provide leadership for the region’s economic growth strategy. Learn more about the WBEDC by viewing the November 28, 2017 meeting Council Report and Presentation at rmwb.ca/council.

Business and Economic Recovery Plan
Following the May 2016 wildfire in Wood Buffalo, the municipality developed a plan to accelerate business and economic recovery. You can learn more on the Economic Development website.


The Economic Development Department facilitates the development and implementation of the region’s economic development strategies while striving to be responsive to the economic interests and needs of residents, enterprises, organizations, and communities throughout the Municipality. The department supports the creation of a sustainable and diverse business environment through innovative business attraction, development and retention strategies that support a growing and developing region while promoting the Municipality as a great place to live, work, visit and invest.

Economic Development is comprised of the following branches:

  • Development Integration and Research: The Development Integration and Research branch oversees the gathering and distribution of relevant information about the local economy and interfaces with internal and external clients regarding matters related to commercial and industrial development, economic incentives and work force.
  • Regional Initiatives: The Regional Initiatives is responsible for the development and implementation of initiatives related to entrepreneurship, small business, rural community economic development, tourism and investment facilitation.

Lines of Business

The Economic Development Branch, was created in 2007 to facilitate the development, implementation and monitoring of regional economic development strategies and initiatives that will promote and encourage business development, economic sustainability, and investment while strengthening partnerships between industries, private sector, communities and government. In addition, the Branch continually supports our local businesses through the implementation of the Wood Buffalo Regional Economic Development Strategy (WBREDS) and specific projects undertaken within the following main areas of focus: business retention and expansion, rural economic development, labour force development and investment facilitation.

In addition, our Branch provides essential support and assistance to our local and prospective businesses including business and economic information/navigation services. These areas of focus are designed to facilitate and implement specific strategies and recommendations outlined within our Municipal Development Plan (MDP), WBREDS, and Commercial and Industrial Land Use Study (CILUS).