More regional economic development support
Communities across the province are creating jobs and diversifying their economies with the approval of 62 new projects through the Community and Regional Economic Support (CARES) program.
Economic Development and Trade Minister Deron Bilous announced the successful recipients in Grande Prairie.
“We launched the CARES program two years ago, so local leaders could build on their economic strengths and create new jobs. This funding will help communities with common interests tackle projects that they might not have been able to alone. With more than 170 CARES initiatives across the province, we are growing and diversifying our economy. That’s why, in addition to supporting the latest round of projects, Budget 2018 will extend the CARES program for two more years – as we work together to build a recovery that lasts.”
The new projects receiving funding are from the third round of the CARES program. Two of them are in the Grande Prairie region:
- The Grande Prairie Regional Tourism Association will receive $35,000 to develop a destination management plan that will help coordinate tourism development and economic growth across the region.
- The Van Horne Institute will receive $90,300 to support the development of a rail-based inland container terminal in the Peace Country by assessing shipment potential between the Peace Region and central Alberta.
“Funding from CARES will provide the opportunity for Grande Prairie and region to bring stakeholders together to develop a Destination Management Plan: a regional coordinated approach in respect to tourism. It will be a plan that will provide direction to tourism development, marketing and management in the Grande Prairie region, and will be a framework in which tourism industry partners can work together towards a shared vision.”
“The Van Horne Institute appreciates the Government of Alberta’s leadership in supporting the development of economic opportunities in regions throughout Alberta. CARES support for The Peace Region Access to Container Transportation Project will strengthen and diversify Canada’s supply chain and help Alberta businesses reach global markets.”
The Van Horne Institute is an independent think-tank focused on trade, transportation, infrastructure and workforce development. The institute is committed to undertaking practical research to identify and help develop tangible economic benefits for regional communities across Canada.
Through the CARES program, communities across the province apply for funding to help pay for locally developed projects that promote long-term economic growth and diversification, particularly projects that communities and municipalities could not necessarily fund on their own.
The 62 newly approved projects are receiving about $3.9 million in funding. This adds to the 111 projects throughout the province already receiving close to $9 million in support through the first and second intakes of the CARES program.
A complete list of grant recipients and projects is available online.
Budget 2018 includes funding for the continuation of the CARES program for two more years. Details on timing for future intakes will be announced later.