The International Avenue Business Revitalization Zone will benefit from $300,000 through the first intake of the CARES program
“Every region of Alberta brings multiple strengths to Alberta’s way of life – whether in energy, agriculture, forestry, mining, tourism, or in other areas. Last year, we launched the two-year CARES program to help communities with common interests but limited resources tackle economic development projects that they might not be able to on their own. Through these projects, local leaders are working together to grow and diversify our economy, and make life better for Alberta families.”
– Deron Bilous, Minister of Economic Development and Trade
The funding will go towards phase three of the Heart of the New East Community Economic Development Project to establish a comprehensive community economic development strategy, a promotional image campaign, enhancement of the Emerge summer market and expansion of the social innovation co-working hub.
The first two phases saw significant research completed and the test incubation of a number of small businesses. This third phase of the project will align with the forthcoming infrastructure upgrade in the area.
Finance Minister Joe Ceci made the announcement today on behalf of Economic Development and Trade Minister Deron Bilous
Following the first CARES application intake in 2016, the program evaluated 88 applications from regions and communities, representing approximately $10.5 million in requested grants. These projects are among many throughout the province planned to receive support through the first intake of the CARES program.
The second intake for the CARES program will run from April 1, 2017 to May 31, 2017. Eligibility criteria and more information on how to apply are available at www.jobsplan.alberta.ca.