PrairiesCan commits $6.1 million for downtown Calgary innovation hub, local business retention programs

Funded projects are anticipated to support and generate about 1,000 positions, the govt suggests.

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The Federal government of Canada is investing $6.1 million into Calgary to create a new innovation hub in the downtown core, as well as establish more applications aimed at escalating the competitiveness of community enterprises.

Created as a result of the federal agency Prairies Financial Growth Canada (PrairiesCan), $3.1 million will go in the direction of the Metropolis of Calgary to establish a “Technology Integration Centre,” when Calgary Economic Advancement is obtaining $3 million.

Calgary Financial Improvement expects its initiatives to assist 200 neighborhood businesses and guide to the development of 900 employment.

In accordance to the Metropolis, the new centre will allow for Calgary-centered businesses to take a look at, refine, and showcase their technologies. It is predicted to assistance the advancement of about 100 tech corporations and additional than 180 careers.

The Engineering Integration Centre would be the latest innovation hub to be recognized in Calgary, pursuing the completion of System Calgary’s Platform Innovation Centre in 2022.

Platform Calgary is a non-revenue, member-primarily based organization mandated to assist local companies grow. The Platform Innovation Centre is also backed by the federal federal government, together with the $2-million expenditure it received last yr.

“Our federal government is partnering with community financial development drivers in communities across the Prairies to make certain firms have the means they require to mature, compete, and make quality work opportunities for Canadians,” Minister for Prairies Economic Advancement Dan Vandal reported.

With funding from PrairiesCan, Calgary Economic Growth aims to provide various initiatives to assist generate overseas direct financial commitment and business-retention activities around the a few yrs.

Connected: Vantage Circle, Eventcombo equally relocate their headquarters to Calgary, approach to retain the services of hundreds

Some of Calgary Economic Development’s options include things like a new system to support tech businesses with talent acquisition, as well as a new global student recruitment software. The agency also plans to release small business enhancement applications this kind of as a new databases to share expense alternatives in vital sectors.

Total, Calgary Economic Development expects its initiatives to help 200 area enterprises and lead to the creation of 900 work opportunities.

Past its readily available programs for neighborhood enterprises, Calgary Economic Development has also assisted to entice international providers to make investments in the metropolis. In July, the company supported the two Vantage Circle and Eventcombo with setting up their new independent places of work in the city, with ideas to use hundreds of people.

Featured impression courtesy Flickr.

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