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More support to attract businesses, jobs to Edmonton

A major investment attraction strategy developed by trade and investment experts at the Edmonton Economic Development Corporation (EEDC) will receive $3 million from the provincial and federal governments, supporting a co-ordinated effort to attract businesses and jobs to the Metro Edmonton region.

As part of the Alberta Jobs Plan, the province is providing EEDC with $2 million over two years to help encourage companies to locate in the Metro Edmonton region. That funding has also leveraged $1 million over two years from Western Economic Diversification Canada.

“Alberta’s per capita investment is expected to double the Canadian average this year, investment that helps create new jobs and diversify our economy. Together we want to show even more national and international investors that with our young, highly skilled workforce, world-class infrastructure to get our products to market and lowest overall tax in the country, Alberta is a great place to do business.”

Deron Bilous, Minister of Economic Development and Trade

“Around the world, leading companies are looking for stable places to invest and grow their businesses. Today’s announcement and partnership with the Government of Alberta and Edmonton Economic Development Corporation will help to strengthen trade and investment opportunities in Edmonton.”

The Honourable Amarjeet Sohi, Minister of Infrastructure and Communities and MP for Edmonton Mill Woods

This money will help EEDC with its ongoing efforts to attract businesses and employment and to stimulate economic diversification and growth in the Edmonton area through initiatives such as developing market research, creating digital and print resources targeted at international audiences, and working with regional partners to maximize stakeholder networks and opportunities.

“The major investment attraction strategy developed by our Trade and Investment division comes at an important time as we move our economy forward. We look forward to working with Western Economic Diversification Canada, the Government of Alberta, our regional partners and other cities in the province on a co-ordinated effort to attract businesses and jobs to our Metro Edmonton region.”

Brad Ferguson, President and CEO, Edmonton Economic Development Corporation

The Government of Alberta funding is part of a $5-million initiative spread over two years and allocated through Budget 2016 to attract major new business investment or company headquarters to Alberta. In addition to the $2 million funding being allocated to EEDC, $2 million has already been provided to Calgary Economic Development to support the implementation of regional headquarters and investment attraction strategies. The remaining $1 million will be used by the Ministry of Economic Development and Trade to support its ongoing efforts to promote Alberta as a great place to invest. 

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