Saturday, September 21, 2013

Federal Politics

Banking on Jobs

CEPCO to get $20k for foreign investment 

Released by the office of MP Mark Strahl


ark Strahl, MP for Chilliwack-Fraser Canyon, on behalf of the Honourable Ed Fast, Minister of International Trade, today announced that Chilliwack Economic Partners Corporation will receive $20,000 from the Government of Canada to attract, retain and expand foreign direct investment.

"As a government our priority is to create jobs for Canadian workers. That is why we are helping our local community reach out to international investors to attract new foreign investment and the opportunities they bring to the local workforce," said Strahl.

The funding comes from the Invest Canada - Community Initiatives (ICCI) program. It helps communities attract, retain and expand foreign direct investment (FDI).

"Our government is focused on what matters to Canadians: jobs, growth and long-term prosperity, and attracting foreign investment is key to these efforts," added Minister Fast. "We are proud to be working with local communities across Canada to help attract the investment that brings new opportunities and new sources of prosperity to workers and their families right here in Chilliwack."

In 2012, the Government of Canada helped attract 147 new foreign businesses and expansions projects worth over $2.7 billion to the Canadian economy, creating jobs, growth and prosperity for Canadians.

ICCI funds up to 50 percent of community-based activities aimed at developing and executing local investment-attraction strategies. Applications are evaluated based on the proposed strategy, project components, performance measures, work plan and the level of public-private-sector partnership. Eligible communities can apply for funding once per year following the guidelines found at Invest Canada Community Initiatives (ICCI).


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