Town awarded foreign investment grant

A recent application to the government of Canada by the Town of Ponoka has resulted in a grant of $5,000.

  • Nov. 28, 2012 11:00 a.m.

A recent application to the government of Canada by the Town of Ponoka has resulted in a grant of $5,000.

Wetaskiwin MP Blaine Calkins announced both Ponoka and the Leduc- Nisku Economic Development Authority have received funding to help attract, retain and expand foreign direct investment in their communities. It was announced on behalf of Ed Fast, minister of international trade and minister for the Asia-Pacific Gateway.

“Our government is focused on what matters most to Canadians: jobs, growth and long-term prosperity,” said Fast in a press release. “Attracting foreign investment is key to these efforts and our government will continue to take steps to ensure Canada remains an investment destination of choice. From the lowest overall tax rate on new business investment in the G-7, to what the World Economic Forum has been saying for the past five years, Canada is the world’s soundest banking system, our government continues to create the conditions needed to attract the global investors who create jobs and new sources of economic growth and prosperity in our communities.”

Calkins said the funding is part of a broader agenda to expand global trade for Canada.

“Both the federal government and the municipalities share the objective of bringing new investment to communities across Canada. That is why we are proud to support our communities who are seeking further investment. In these globally challenging times, we will continue to support initiatives that help bring jobs and prosperity to the people in the riding of Wetaskiwin,” explained Calkins in the same release.

The funding, which was nationally announced in October, is provided under the Invest Canada-Community Initiatives (ICCI) program to help communities, organizations and economic development agencies across the country.

Sarah Olson, economic development officer for the Town of Ponoka, said the project was applied for in November, 2011 and it helps Ponoka become investment ready with a data development strategy. It is the first phase in a project to ensure there is a central repository with up-to-date information on Ponoka.

It allows the town to develop the data, tools and resources required to attract investors and support local business. Ponoka will also develop the content necessary for site selectors and investors in the economic development portions of the website www.ponoka.ca. Information will support development of a community profile for the businesses both current and in the future.

This initial project is near completion and receipts must be sent in by Dec. 31 for the Town of Ponoka to receive reimbursement of the work done so far.

—Submitted

Just Posted

Pair arrested in Ponoka with several weapons, face 98 charges

Two men nabbed after early morning suspicious vehicle reported, stolen weapons found

UPDATE: 18-year-old Rimbey teen dies in collision

A portion of Highway 53 west of Rimbey is down to one lane while crews investigate

Ponoka County approves $70,000 to dredge Parkland Beach

Parkland Beach to see some dredging support from Ponoka County

Ponoka sets bylaw on cannabis retail, pushes for quick public consumption regulation

Town passes first reading on retail outlet bylaw, questions staff on need to separate public usage

Ponoka airport leaseholders to see second straight increase

Rates set to rise by 2.5 per cent when the calendar flips to 2019

U.S. congressman issues dire warning to Canada’s NAFTA team: time is running out

Canadian Foreign Affairs Minister Chrystia Freeland is expected to resume talks with the U.S.

Rural Canada Post carriers could see 25-per-cent pay hike: spokesman

An arbitrator has released a ruling in a long-standing pay equity dispute at Canada Post

Seventh day of searching for missing plane between Edmonton and Chilliwack

Search efforts are concentrated along the Highway 5 corridor between Valemount and Kamloops

Freeland brings optimism back to NAFTA talks

NAFTA talks resume in Washington

Bradley Williams takes over as Westerner Park Interim CEO

CFR expected to go on as scheduled with no disruption

Despite protests, Russia’s anti-doping agency reinstated

On a 9-2 vote, the executive committee declared RUSADA as having satisfied conditions

The longest week: Carolinas worn out by Florence

Frustration and sheer exhaustion are building as thousands of people wait to go home seven days after the storm began battering the coast.

Canada’s goal is to play in a medal game at World Cup in Spain

The 2014 women’s world basketball championships were a coming out party for Canada.

Most Read