Harper Government Supports Foreign Investment in Alberta’s Communities
International Trade Minister Peter Van Loan announces support to attract job-creating businesses from abroad
(No. 377 - November 28, 2010 - noon ET) The Honourable Peter Van Loan, Minister of International Trade, today announced that 17 community organizations in Alberta will receive funding to attract foreign investment. New foreign investment creates jobs and economic growth for Canadians.
The funding flows from the Government of Canada’s Invest Canada-Community Initiatives program. This year, the Government of Canada is investing $3 million to help local organizations across Canada attract foreign investment to their communities.
“We want investors from around the world to look here for exciting new business opportunities and to know that Canada is a modern and innovative business destination,” said Minister Van Loan. “This program will help local communities create jobs in Alberta by attracting foreign investment.”
“Alberta’s abundant natural resources and highly skilled workforce make the province an ideal location for foreign investment,” said the Honourable Rona Ambrose, Minister of Public Works and Minister responsible for Northern Alberta. “By supporting local communities in their efforts to attract international capital, our government is helping to create jobs and prosperity for Albertans.”
In Edmonton, Minister Van Loan met with executives from Alberta’s Industrial Heartland Association, including Sturgeon County’s Mayor Don Rigney, who is the Chairman of the association’s Board of Directors. The Industrial Heartland Association is receiving funding for marketing and promotion from the Invest Canada-Community Initiatives program.
The Invest Canada-Community Initiatives program helps communities in all provinces and territories attract, retain and expand foreign direct investment. It supports non-profit and public-private groups at the local community level.
For more information, visit Invest Canada-Community Initiatives.
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A backgrounder follows.
For further information, media representatives may contact:
Office of the Honourable Peter Van Loan
Minister of International Trade
Trade Media Relations Office
Foreign Affairs and International Trade Canada
Backgrounder – Invest Canada-Community Initiatives
The Invest Canada-Community Initiatives (ICCI) program is one of the three components of the Global Commerce Support Program established by the Government of Canada in December 2008. ICCI is designed to help Canadian communities attract, retain and expand foreign direct investment. ICCI supports non-profit and public‑private partnerships at the local community level.
Between 2006 and 2009, ICCI, formerly known as the Community Investment Support Program, supported 321 communities through 573 projects valued at $16.7 million. This year, 17 organizations in Alberta will receive a total of $396,000 in funding from the Government of Canada.
Applications are evaluated based on their strategies for attracting and retaining foreign direct investment, project components, performance measures, capacity to complete the projects, work plans and the level of public‑private sector partnership.
Under the ICCI program, the government’s non-repayable contributions range from $3,000 to $300,000, and agreements are made for a one-year period, from January 1 to December 31. The ICCI program provides matching funds of up to 50 percent of eligible expenses. Communities may receive support from other federal government programs; however, the total federal support must not exceed 50 percent.
2010 recipients in Alberta
Recipient: Alberta Energy Corridor
Project: Development of investment profiles for the Alberta Energy Corridor
Recipient: Alberta’s Industrial Heartland Association
Projects: Development of an economic development strategic plan and upgrading analysis
Recipient: Calgary Economic Development
Project: Development of sector profiles
ecipient: Central Alberta Economic Partnership
Projects: Community economic development training and program to attract small business entrepreneurs to central Alberta
Recipient: City of Brooks
Project: Web portal development
Recipient: Economic Developers of Alberta
Projects: Analysis, training and website upgrades
Recipient: Economic Development Alliance of Southeast Alberta
Projects: Project to attract unmanned-vehicle industry, investment training and cluster strategy for manufactured homes
Recipient: Economic Development Lethbridge
Projects: Multi-faceted interactive mapping and development of a customized business investment profile
Recipient: Leduc-Nisku Economic Development Authority
Projects: Development of a “gateway” website to attract direct foreign investment and economic development training
Recipient: Northeast Alberta Information HUB Ltd.
Projects: Development of a marketing and communications plan
Recipient: Olds Institute for Community and Regional Development
Projects: Training, foreign direct investment strategic planning process, website upgrade and potential redesign
Recipient: Palliser Economic Partnership
Projects: Website redevelopment, creation of a regional facts brochure, site selection training and mock site selection tour
Recipient: Town of Drumheller
Project: Market analysis
Recipient: City of Grande Prairie
Projects: Development of an economic base analysis and strategic plan
Recipient: Alberta Southwest Regional Alliance
Projects: Development of a website section for foreign direct investment and immigrant investor information
Recipient: Calgary Regional Partnership
Project: Website redevelopment
Recipient: Red Deer Regional Airport Authority
Project: Regional airport video project
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