Opinion
Red Deer City Councillors urged to focus on economic development

Editorial submitted by former candidate for City Council, Chad Krahn
Where is the focus?
“What gets measured, gets managed.”
As the father of management theory once said, the challenge is focus – where your time and attention go is where results will happen.
When it comes to Red Deer City Council, there has been little focus – and as a consequence even less results – on economic development.
In the last year a lot of focus has gone into social issues, like the location of the homeless shelter, and fair enough, we need a location for the shelter. But when virtually no attention has been paid to the economic health of the city, it’s no wonder that the lack of progress on this file speaks for itself.
In the last year and a half, there have only been two large private sector announcements. The first was the gondola across the Red Deer River, which has since been put on hold, and the second was the downtown casino’s move into the newly minted Red Deer Resort and Casino (formerly the Cambridge Hotel).
That certainly doesn’t speak to a vibrant, growing sector.
The Red Deer Economic Development Strategy was written in 2013 – making it over a decade old. Remember 2013? It was when CFL light bulbs were all the rage. So much has changed in the last ten years, and in the case of Red Deer, not for the better.
Since the Economic Development Strategy was written, the number of businesses in Red Deer has steadily declined from 4,040 in 2013 to 3,534 in 2022. While the number of businesses isn’t a perfect indicator of economic development, it is actually the metric chosen by Council as part of their strategic plan. Clearly, there is some work to do.
There are some things that Council can do and can prioritize right away to improve this situation.
The City tracks building permits, and those too have declined significantly in the last decade. In 2013, the City issued 2,068 building permits and that number has declined every year, so much so that, in 2022, only 903 building permits were issued. The City must work on modernizing the entire permitting system if they want to bolster this number – and make Red Deer more economically attractive.
There must be a guaranteed turnaround time on permits. Council must embrace automation to streamline the process where they can. If the City likes to use the number of permits as a benchmark for development, they can’t continue to be stuck in the status quo when it comes to getting them approved.
Taxes remain a sticking point and, while still competitive in comparison to other municipalities, Red Deerian’s taxes have gone up in the last decade. Even before this year’s new City budget and new tax rate come into effect, the commercial tax rate for Red Deer in 2022 was 14.8% – up from 12.23% in 2013.
Council has an opportunity to create new committees around its priorities. Currently, the City has committees for housing and homelessness, the library, public art, Gaetz Lake, and municipal planning, among others. Why not take the opportunity to create a new committee for Red Tape Reduction? Surely there are old bylaws on the books that could be revamped. Unfortunately, in government, it is always easier to add new laws rather than to take away old, defunct rules, but that’s no reason not to do it!
A committee on economic development is also needed, to begin the work of a new Economic Development Strategy. This committee would work to bring all the partners and economic drivers of the city and region together, and to find a way to present a clear vision of what this city has to offer in terms of economic opportunity. The economic advantages to those of us who live here are plain as day, but the message doesn’t seem to be resonating with those outside. Council needs to identify these advantages and work to convey them to potential investors, entrepreneurs, and would-be residents.
The City brands itself as an entrepreneurial one, and with a little more focus we could be the business testing grounds for Alberta. The city’s size and central location makes this an ideal site. Our city could be the launch pad for businesses for the whole country. Imagine how many more made-in-Red Deer success stories we could have.
We can be so much more – all we need is a little focus.
Chad Krahn is a former candidate for Red Deer City Council.
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Business
World Economic Forum Aims to Repair Relations with Schwab

The whistleblower has always been anonymous, and it remains very suspicious that the very organization he created would turn on him after receiving an anonymous letter that they admitted may not have been credible.
World Economic Forum founder Klaus Schwab stepped down from his chairman position at the organization on April 20, 2025, amid accusations of fraud. Our computer had forecast that the WEF would enter a declining trend with the 2024 ECM turning point. This staged coup happened about 37 years after the first Davos meeting (8.6 x 4.3). From our model’s perspective, this was right on time. Now, Schwab and the WEF are working to repair ties.
An anonymous whistleblower claimed that Klaus Schwab and his wife collaborated with USAID to steal tens of millions in funding. The whistleblower has always been anonymous, and it remains very suspicious that the very organization he created would turn on him after receiving an anonymous letter that they admitted may not have been credible. Something like this would never be acceptable in any court of law, especially if it’s anonymous. It would be the worst or the worst hearsay, where you cannot even point to who made the allegation.
Back in April, the WEF said its board unanimously supported the decision to initiate an independent investigation “following a whistleblower letter containing allegations against former Chairman Klaus Schwab. This decision was made after consultation with external legal counsel.”
Now, the WEF is attempting to repair its relationship with its founder ahead of the next Davos meeting. Bloomberg reported that the WEF would like to “normalize their relationship [with Klaus Schwab] in order to safeguard the forum and the legacy of the founder.”
Peter Brabeck-Letmathe has replaced Schwab for the time being, but is less of a commanding force. Schwab’s sudden departure has caused instability in the organization and its ongoing mission. Board members are concerned that support for the organization will begin to decline as this situation remains unresolved.
The World Economic Forum’s annual revenue in 2024 was 440 million francs ($543 million), with the majority of proceeds coming from member companies and fees. Yet, the number of people registered to attend the 2025 Davos event is on par if not slightly exceeding the number of participants from the year prior.
Schwab’s departure has damaged the Davos brand. There is a possibility that the organization is attempted to rebrand after Agenda 2030 failed. The WEF attempted to move away from its zero tolerance stance on ESG initiatives after they became widely unpopular among the big industry players and shifting governments. The brand has attempted to integrate the importance of digital transformation and AI to remain relevant as the tech gurus grow in power and popularity. Those who are familiar with Klaus Schwab know the phrase, “You will own nothing and be happy.” These words have been widely unpopular and caused a type of sinister chaos to surround the brand that was once respected as the high-brow institution of globalist elites.
European Central Bank President Christine Lagarde was slated to replace Schwab in 2027 when her term ends, and all reports claimed that he was prepared to remain in the chairman role for an additional two years to ensure Lagarde could take his place. What changed seemingly overnight that would cause the organization to discard Schwab before he was due to retire?
Schwab denies any misconduct and filed lawsuits against the whistleblowers, calling the accusations “calumnious” and “unfounded.” He believes “character assassination” was the premise of the claims.
I am no fan of Klaus Schwab, as everyone knows. I disagree with his theories from start to finish. Nevertheless, something doesn’t smell right here. This appears to be an internal coup, perhaps to distract attention from the question of alleged funds for the WEF from USAID, or to try to salvage the failed Agenda 2030. Perhaps they will claim that no misconduct had occurred since DOGE did not raise concerns or there is a possibility that those behind the internal coup are concerned that Schwab’s counter lawsuit could uncover new corruption. The investigation into Schwab has not concluded, but after only three months, the WEF would like to wrap it up. It appears that the WEF does not want to welcome Schwab back; rather, they would like to ensure an amicable resolution to maintain both the brand’s reputation as well as the founder’s.
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