July 9, 2019 – Ottawa, Ontario – Global Affairs Canada
Provincial and municipal economic development agencies and local businesses play a key role in attracting international direct investment, strengthening Canada’s economy and creating good quality, middle-class jobs.
Today, Omar Alghabra, Parliamentary Secretary to the Minister of International Trade Diversification, spoke during the Stampede Investment Forum luncheon in Calgary, highlighting Canada’s investments in Alberta communities—investments that are attracting job-creating companies to the region.
The CanExport – Community Investments program has provided $1.8 million in funding to communities across Alberta since 2016. This includes $546,000 in funding that was announced today for Calgary Economic Development, the lead economic development agency and driving force for economic development in the city.
Parliamentary Secretary Alghabra also met with employees from Carbon Credit Solutions, a Canadian technology company that measures, reports and verifies greenhouse gas emissions from emission reduction projects in the agricultural and energy sectors. The company now supplies emission-reduction equipment and finance and data systems to companies looking to reduce their emissions in the fight against climate change and leverage the carbon markets to reduce costs. Both the CanExport program and the Canadian Trade Commissioner Service provided support for the company to expand into markets abroad. Since 2018, Carbon Credit Solutions has leveraged $80,000 in CanExport funding to access international markets.
The expansion of the CanExport program is a key component of Canada’s Trade Diversification Strategy: New Markets, New Customers, New Jobs, which invests $1.1 billion over six years to help Canadian companies and communities succeed. With these investments, the government continues to make Canada the most well-connected trading economy worldwide, while creating more jobs at home.
“Helping businesses in Calgary and across Canada to compete and succeed in international markets is vital to the Canadian economy. That’s why we’re making significant investments to help Canadian businesses grow and tap into new markets. We’re also responding to what we are hearing from communities across the country by attracting international investments that our businesses need to thrive.”
– Omar Alghabra, Parliamentary Secretary to the Minister of International Trade Diversification
“This investment by Global Affairs Canada is another validation of our economic strategy “Calgary in the New Economy” as we look to empower innovative local companies to grow, create jobs and get industry-leading technology and products to global markets. We are proud to support Calgary companies taking on some of the world’s biggest challenges – including cleaner energy, safe and secure food, better health solutions and safer transportation and logistics.”
-Mary Moran, President and Chief Executive Officer, Calgary Economic Development
- Since 2016, the CanExport – Community Investments program has funded 148 organizations across Canada with more than $16 million in support of international investment attraction, retention and expansion.
- The CanExport – Community Investments program has provided $1.8 million in funding to Alberta communities since 2016. In 2019, twelve Alberta communities received funding totalling $634,960.
- To date, the CanExport program has supported more than 1,200 Canadian small and medium-sized enterprises with 1,600 projects to expand their markets and increase their export activities in more than 110 markets around the world.
- Since 2016, CanExport has supported 190 projects for Alberta companies, for a total funding of over $5.5 million. Ninety-three Calgary-based companies received $3.2 million for 112 projects.
- The 2018 Fall Economic Statement announced investments of $290 million over five years to help Canadian businesses export and grow and to strengthen the Canadian Trade Commissioner Service and enhance the support it provides to Canadian exporters.