RES UPDATE:
Rural Entrepreneur Stream Program Resumes
We’re excited to announce that the Town of Olds has resumed participation in the Alberta Advantage Immigration Program’s Rural Entrepreneur Stream. We’re ready to continue supporting aspiring entrepreneurs in our community
Introduction:
Are you an international entrepreneur looking for a place to establish or expand your business? Look no further than Olds, Alberta!
The Rural Entrepreneur Stream is a unique opportunity for qualified and capable immigrant entrepreneurs to support the economic growth and revitalization of rural communities in Alberta. This program, administered by the Government of Alberta, allows for the nomination of entrepreneurs who intend to establish a new business or buy an existing one, and who have the skills and abilities to fill labor shortages in the area.
Through this program, the Town of Olds is working with the Government of Alberta to welcome and support international entrepreneurs.
If you are nominated through the Rural Entrepreneur Stream, you and your family may apply for permanent residence in Canada through Immigration, Refugees and Citizenship Canada (IRCC). To be eligible, you must meet medical, criminal, and security checks. With the support of the Government of Alberta and the opportunity to become a permanent resident, Olds, Alberta is the ideal location for international entrepreneurs to establish or expand their businesses.
Key Information: Eligibility
To qualify for the Rural Entrepreneur Stream (RES), candidates must meet the following criteria:
Minimum of 3 years of experience as an active business owner/manager or a minimum of 4 years of experience as a senior manager within the past 10 years.
Completion of a minimum of high school equivalent to the Canadian standard with an Education Credential Assessment (ECA).
Must have a business plan with projected financials.
Meet language requirements of Canadian language benchmark 4 in all four categories.
- Minimum net worth of $300,000, with all assets being the candidate or partner’s own personal holdings.
- Minimum investment of $100,000 from the candidate or partner’s own personal holdings.
- Minimum ownership of 51% if establishing a new business or 100% ownership if business succession.
- The succession buyout must result in a complete change in ownership where the candidate will assume full control of the business.
Create at least one full-time job for Canadian citizens or permanent residents (not including relatives) when establishing a new business.
Have a Community Support letter from a participating rural Alberta community.
Key Information: Why Olds?
Olds, Alberta, Canada is a small but growing community that offers several benefits for international entrepreneurs looking to start or expand their business. Here are some reasons why Olds is a great place for an international entrepreneur:
Olds has a business-friendly environment, which means that the local government and community support entrepreneurship and offer several incentives and resources to help entrepreneurs succeed.
Olds is strategically located between Calgary and Red Deer, making it a perfect location for entrepreneurs who want to tap into the markets of these two cities.
Olds is home to Olds College, a leading institution for agriculture and horticulture education, which provides a steady supply of skilled workers for the local economy.
Olds has modern infrastructure and facilities, including high-speed internet, a regional airport, and excellent transportation networks, making it easier for entrepreneurs to do business globally.
Olds offers a high quality of life, with a low cost of living, a strong sense of community, and access to recreational opportunities such as hiking, skiing, and golfing.
Application Process
The Rural Entrepreneur Stream Program has already welcomed new entrepreneurs to Olds. Follow the process below and let us welcome you to Olds.
Potential candidates can visit the Rural Entrepreneur Stream website to review the self-assessment tool and determine if they meet the eligibility requirements of the Rural Entrepreneur Stream.
If you are found eligible, please proceed to complete the RES Application form below.
The entrepreneur researches the community they want to establish a new business or take over an existing business and connects with the community contact to pitch their business idea. Based on these initial conversations, both parties will determine if they wish to proceed with scheduling an exploratory visit to discuss further details. The entrepreneur is responsible for applying for the required visas for the exploratory visit.
The Alberta Advantage Immigration Program and the participating communities will not provide a letter of support for the entrepreneur to obtain a Temporary Resident Visa to conduct an exploratory visit to Alberta. After the entrepreneur completes their exploratory visit, the entrepreneur submits a formal business proposal summary to the community for consideration. The community is required to make a decision on if they support the entrepreneur’s business proposal. By endorsing the business proposal summary and issuing a community support letter, the community is confirming they support the entrepreneur in establishing or purchasing a business in their community.
If eligible, the entrepreneur submits an expression of interest, along with the Net Worth Worksheet, Community Support Letter and Business Proposal Summary through the Alberta Advantage Immigration Program portal. Based on the information provided in the expression of interest, candidates will be assessed and ranked using a point’s grid system.
A program officer with the Government of Alberta w ill contact candidates with the highest-ranking points to invite them to submit a business application through the Alberta Advantage Immigration Program portal. Only candidates w ho are requested to submit a business application to the Rural Entrepreneur Stream w ill be considered.
A program officer will assess the business application and supporting documents. If successful, candidates w ill complete and sign a Business Performance Agreement. The Alberta Advantage Immigration Program will then issue a Business Application Approval Letter along with a 205(a) Letter of Support for the candidate to apply for a work permit to IRCC. The work permit will allow the candidate to come to Alberta to establish their business.
After arriving in Alberta, candidates must:
- Submit an arrival report to the Alberta Advantage Immigration Program within 30 days of signing the work permit.
- Establish and run an eligible business, with 51% ownership if establishing a new business or 100% ownership for business succession. Candidates must be actively involved in the day-to-day management and operations.
- Meet the requirements set out in the Business Performance Agreement within a one-year period of establishing the business.
- Submit business progress reports every six months to the Alberta Advantage Immigration Program to demonstrate business viability.
After operating the business for one year, candidates must submit their Final Report for Nomination to the Alberta Advantage Immigration Program. The final report w ill be reviewed to ensure all requirements of the Business Performance Agreement have been met. If all conditions are met, the Alberta Advantage Immigration Program will issue a nomination certificate.
Candidates are then responsible for applying to IRCC for permanent residency, while continuing to reside and operate their business in Alberta. The Alberta Advantage Immigration Program expects that the entrepreneur w ill continue to be actively involved in the management and day-to-day operations of the business while residing in Alberta.
Resources: Directory for Newcomers
Call: 911
Mountain View Family Resource Network
The Mountain View Family Resource Network serves as a vital community hub in Alberta, Canada, offering essential support and resources to families. Dedicated to enhancing family well-being, the network provides a range of services such as counseling, parenting workshops, and community events. By fostering partnerships and promoting collaboration, the Mountain View Family Resource Network aims to strengthen family resilience and promote positive outcomes for all members of the community.
BGC of Olds & Area
BGC of Olds & Area (formerly known as the Boys and Girls Club) is a cornerstone of community support in Olds, Alberta. Dedicated to youth development, the club provides a safe and inclusive environment where young people can participate in a variety of programs and activities. From educational support to recreational opportunities, BGC of Olds & Area aims to empower youth, build positive relationships, and foster leadership skills, preparing them for a bright future.
Olds Registries
Olds Registries, located in Olds, Alberta, Canada, is a trusted service provider offering a range of essential registry services to the local community. From vehicle registrations and driver’s licenses to vital statistics and corporate registry services, Olds Registry ensures efficient and reliable transactions. With a focus on customer service and compliance with government regulations, Olds Registry serves as a convenient and accessible resource for residents and businesses alike.
Public Institutions
École Olds Elementary School, located in Olds, Alberta, Canada, is a vibrant educational institution known for its commitment to academic excellence and community involvement. Serving students from kindergarten through grade 5, the school offers a supportive learning environment enriched with diverse programs and extracurricular activities. École Olds Elementary School fosters a nurturing atmosphere where students can thrive academically, socially, and emotionally, preparing them for future success.
École Dear Meadow School, situated in Olds, Alberta, Canada, is a cornerstone of educational excellence and community spirit. Catering to students from kindergarten to grade 4, the school provides a nurturing environment where academic achievement and personal growth are prioritized. With a focus on inclusive learning and innovative teaching methods, École Dear Meadow School prepares students for a bright future in a supportive and engaging atmosphere.
École Olds High School
École Olds High School, located in Olds, Alberta, Canada, is a leading institution dedicated to academic achievement and student success. Serving grades 9 to 12, the school offers a comprehensive curriculum enriched with diverse extracurricular opportunities. École Olds High School emphasizes a supportive learning environment where students are encouraged to excel academically, socially, and personally. With a commitment to preparing students for future endeavors, the school fosters a culture of innovation and excellence.
Holy Trinity Catholic School
Holy Trinity Catholic School, located in Olds, Alberta, Canada, is a respected educational institution renowned for its commitment to academic excellence and Catholic values. Serving students from kindergarten to grade 12, the school provides a nurturing environment that promotes spiritual growth, community service, and academic achievement. With a focus on integrating faith-based teachings into everyday learning, Holy Trinity Catholic School prepares students to become responsible and compassionate leaders in society.
Chinooks Edge School Division
Chinooks Edge School Division in central Alberta, Canada, offers quality education to a diverse community. With schools in rural and urban areas, the division focuses on innovative programs that promote student development and success. Chinooks Edge is dedicated to creating a supportive environment that fosters academic achievement and personal growth.
Red Deer Catholic Regional School Division
Red Deer Catholic Regional School Division in central Alberta, Canada, provides comprehensive K-12 education with a focus on academic excellence and Catholic values. It prepares students for success in a supportive community environment, emphasizing both spiritual growth and academic achievement.
Post Secondary Institution
Olds College of Agriculture & TechnologyÂ
Employment online resources
MV Careers
MV Careers in Mountain View County, Alberta, provides career development and employment support. They offer services like career counseling, job search assistance, and skills training, helping individuals reach their professional goals and connecting them with local employers to boost workforce development.
Indeed
Indeed is a leading global job search platform that connects job seekers with employers. It offers a comprehensive range of tools, including job listings, company reviews, and salary information, to help individuals find the right job. Employers can post jobs, search resumes, and manage their hiring process through Indeed, making it a valuable resource for both job seekers and employers worldwide.
Job Bank
Job Bank is Canada’s national employment service, offering a comprehensive platform for job seekers and employers. It provides job listings, career planning resources, and labor market information to help individuals find employment and make informed career decisions. Employers can post job opportunities and access a wide pool of candidates. Job Bank is a valuable resource for connecting Canadians with employment opportunities and supporting the country’s workforce development.
Career Assistance Network
Career Assistance Network, based in Alberta, Canada, provides personalized career development services to individuals and businesses. They offer career counseling, job search support, skills training, and employer services to help job seekers achieve their career goals and assist employers in finding qualified candidates. Dedicated to empowering the workforce, Career Assistance Network plays a crucial role in fostering economic growth and employment success in the community.
Family and Community Support Services (FCSS) is a community-based program in Alberta, Canada, dedicated to enhancing the well-being of individuals, families, and communities. FCSS provides a variety of preventive social services, including counseling, support programs, and community development initiatives. By focusing on improving quality of life and fostering resilience, FCSS aims to build stronger, more supportive communities throughout the province.
Mountain View Food Bank
Mountain View Food Bank, located in Alberta, Canada, is a vital community resource dedicated to alleviating hunger and food insecurity. It provides essential food assistance to individuals and families in need, ensuring they have access to nutritious meals. Through donations and community support, Mountain View Food Bank plays a crucial role in fostering a compassionate and resilient community.
Call: 211 (Interpretation Available)
Health Link: Call 811 (Interpretation Available)
Alberta Health Card
The Alberta Health Card is an essential identification card for residents of Alberta, Canada, enabling access to publicly funded healthcare services. It serves as proof of eligibility for healthcare coverage under the Alberta Health Care Insurance Plan (AHCIP). The card is issued by Alberta Health and provides individuals with access to necessary medical services, ensuring they receive healthcare without direct payment at the point of service.
- By mail (6 weeks)
- In-Person (via registries): FRIAR Registries or Airdrie Registry
Find a Family Doctor:
Alberta Find A DoctorÂ
Alberta Find A Doctor is an online resource that helps residents of Alberta, Canada, locate healthcare professionals in their area. The platform provides detailed information about doctors accepting new patients, including their specialties and contact details. By simplifying the process of finding and connecting with healthcare providers, Alberta Find A Doctor ensures that individuals can easily access the medical care they need.
Olds Hospital and Care CentreÂ
Olds Hospital and Care Centre, located in Olds, Alberta, Canada, is a comprehensive healthcare facility providing a wide range of medical services. The center offers acute care, long-term care, emergency services, and various specialized treatments to meet the healthcare needs of the community. With a commitment to high-quality patient care and community health, Olds Hospital and Care Centre plays a vital role in ensuring the well-being of residents in the region.
Peaks to Prairies Primary Care Network
Peaks to Prairies Primary Care Network, based in Alberta, Canada, is dedicated to providing comprehensive primary healthcare services to the community. The network focuses on delivering patient-centered care through a collaborative approach, involving doctors, nurses, and other healthcare professionals. Services include chronic disease management, mental health support, and wellness programs. Peaks to Prairies Primary Care Network aims to enhance overall health outcomes and improve access to quality healthcare for residents in the region.
Housing online resources:
Central Alberta Legal Clinic
The Central Alberta Legal Clinic provides essential legal services and assistance to residents in the Central Alberta region. They offer support in various legal matters including housing issues, employment disputes, family law, and more. The clinic focuses on providing accessible and professional legal advice, helping individuals navigate their legal rights and responsibilities effectively.
Community Legal Clinic
A community legal clinic is a nonprofit organization that offers free or low-cost legal services to individuals who may not otherwise have access to legal assistance. These clinics typically serve residents within a specific geographic area and provide support in various areas of law such as housing, employment, social benefits, and family law. Community legal clinics aim to promote access to justice, advocate for the rights of marginalized individuals, and empower communities through legal education and advocacy.
Olds Municipal Library
The Olds Municipal Library serves as a vibrant hub of knowledge and community engagement in Olds, Alberta, Canada. It offers a diverse collection of books, digital resources, and educational programs for all ages. With its welcoming atmosphere and dedicated staff, the library provides a place for learning, research, and recreational activities. It plays a vital role in promoting literacy, lifelong learning, and cultural enrichment within the local community.
Care for Newcomers – Regional Settlement Practitioner
Care for Newcomers – Regional Settlement Practitioner is a program in Alberta, Canada, dedicated to assisting newcomers in settling into their communities. The program offers personalized support and guidance on various settlement needs such as housing, healthcare, employment, and education. Settlement practitioners work closely with newcomers to provide information, resources, and referrals to help them integrate successfully into Canadian society. They play a crucial role in facilitating the transition and promoting the well-being of newcomers in their new environment.
French- Red Deer Regional ACFA
The French-Red Deer Regional ACFA (Association canadienne-française de l’Alberta) is a community organization committed to promoting and preserving the French language and Francophone culture in the Red Deer region of Alberta, Canada. It provides a range of cultural, educational, and social activities, including language classes, cultural events, and support services for Francophone residents and French language learners. The ACFA plays a vital role in fostering a strong Francophone community and enhancing cultural diversity in the region.
Province of Alberta
The Province of Alberta, Canada, offers the Opportunity Alberta website as a comprehensive resource for immigrants looking to settle and work in the province. The website provides information on immigration programs, job opportunities, living in Alberta, and community resources. It aims to attract skilled workers and entrepreneurs to contribute to Alberta’s economy and community, highlighting the province’s diverse industries, quality of life, and opportunities for personal and professional growth.
Government of Canada
The Government of Canada’s “Find free newcomer services near you” website offers a valuable resource for newcomers to Canada seeking essential settlement services. It provides a searchable directory of free services available across the country, including language training, employment support, housing assistance, and cultural orientation. This platform helps newcomers access the support they need to integrate into Canadian society successfully, fostering community engagement and enhancing their overall settlement experience.
Business Link Entrepreneur Services
Business Link’s Immigrant Entrepreneur Services are designed to support newcomers to Alberta, Canada, who are interested in starting or expanding their own businesses. They provide personalized guidance, workshops, and resources tailored to the specific needs of immigrant entrepreneurs. These services aim to empower newcomers by offering expert advice on business planning, market research, financing options, and navigating regulatory requirements. Business Link strives to foster entrepreneurial success and economic integration for newcomers, contributing to Alberta’s vibrant business community.
Immigrant Entrepreneur Guidebooks
The Guidebook from Business Link’s Immigrant Entrepreneur Services is a comprehensive resource tailored for newcomers in Alberta, Canada, who aspire to start or grow a business. It provides practical information and step-by-step guidance on various aspects of entrepreneurship, including business planning, legal requirements, financing options, marketing strategies, and more. The Guidebook aims to empower immigrant entrepreneurs by equipping them with essential knowledge and resources to navigate the complexities of starting and managing a business in Alberta. It serves as a valuable tool to support newcomers in achieving their entrepreneurial goals and contributing to the local economy.
FAQ: RES Program
No, it is important that entrepreneurs identify a business that is aligns with their skills and experience. Once identified, research on the community and market place should be conducted and utilized in the completion of a business plan to prove viability. That business plan should then serve as a guiding document throughout the life of your business.
Investolds.ca offers both data indicators on demographics, workforce, industries, and so much more. Tour our website and see all the advantages of investing in Olds.
Invest Olds can provide you with a listing of available businesses for sale in the community.
