Wonder what it takes to land a big fish? – Invest Medicine Hat

Wonder what it takes to land a big fish?

News / Opportunities

Business Beat 

Well, it takes more than a fishing hook and some bait.  It requires just the right amount of DIRT.  The City’s Development Investment Readiness Team has been driving progressive changes within City Hall, changes that have secured global investors who are applauding the approach.

DIRT is comprised of leaders from various City departments that have been focused on streamlining internal processes and creating an overall investor experience that has proven successful.  Three years ago the team completed an internal audit of the different processes and steps required to land a large investment.  We took a good and honest look at how we were doing things starting with asking ourselves if we truly were investment ready, and what must we do to become ready? How can we be more open for business? From this audit, DIRT organically emerged.

The first step was simply creating one point of contact: the Business Support Officer.  This enables investors to avoid disjointedly moving from one department to the next, and the next, and the next.  The BSO conducts initial meetings to build a profile on the investment opportunity and assess its viability and readiness. If proven ready, the next step is pitching the opportunity to the DIRT team.  Ready investors will have the opportunity to meet with potentially eight department heads all at once. Previously, an investor would have had to meet with each department individually, and now through DIRT efficiencies are realized by the investor and by all departments.

Should DIRT identify the investment is a good fit for the City the next steps include negotiations, due diligence checks, pre-application reviews, and permitting and Council approvals.  Following Council approval, municipal development and building approvals are initiated, and regular bi-weekly meetings begin. Bi-weekly meetings ensure that the investor and DIRT are aligned and working together throughout construction all the way to ribbon cutting.  

DIRT has implemented a continuous improvement policy that engages investors to identify areas where more improvements can be made. Each time the DIRT process is used, it becomes more effective and efficient.  Etienne Snyman of Hut 8 Holdings Inc, which was the first to go through the DIRT process said “From initial contact with the Business Support Office through to final approvals, the City of Medicine Hat has been a welcoming and an effective business partner. The City has been able to recruit highly experienced professionals from the public and private sectors across Western Canada and this professionalism has facilitated Hut 8’s fast track development and led to a high level of confidence in the City’s ability to execute.”

DIRT’s success was recently acknowledged by the Chief Administrative Officer’s First Place Award for its work and negotiations on the Aurora Sun development.  Terry Booth, CEO of Aurora Cannabis stated, “We are grateful to the City of Medicine Hat, which has proven to be a very agile, capable and pro-active partner in making this project possible.”

The purpose of DIRT is to seek avenues to continuously improve our individual, organizational, and jurisdictional capacity for investment readiness, and we truly believe this process is a game changer for companies looking to develop large scale investments in Medicine Hat.

This Business Beat was written by Sandra Blyth, Business Support Officer of The City of Medicine Hat for The Medicine Hat News on November 20, 2019.