September 21, 2013
Banking on Jobs
CEPCO to get
$20k for foreign investment
Released by the office of MP Mark Strahl
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
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
Community Initiatives (ICCI).
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