07/09/2019 | Press release | Distributed by Public on 07/09/2019 12:45
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.