Cathy McLeod, Member of Parliament for Kamloops-Thompson-Cariboo, on behalf of the Honourable Ed Fast, Minister of International Trade, announced that Venture Kamloops Business Development Society and Thompson-Nicola Regional District will receive funding from the Government of Canada to attract, retain and expand foreign direct investment.
“These organizations play important roles in identifying and attracting job-creating investment in our community,” said MP McLeod. “That’s why I’m pleased to announce funding that will help ensure that investors from around the world look to Kamloops-Thompson-Cariboo as a destination of choice for new investment opportunities. This will help to create jobs and prosperity for hard-working people right here in our region.”
The funding for both Venture Kamloops and Thompson-Nicola Regional District comes from the Invest Canada – Community Initiatives (ICCI) program. It helps communities attract, retain and expand foreign direct investment (FDI).
“Our government is focused on what matters to Canadians: jobs, growth and long-term prosperity, and attracting foreign investment is key to these efforts,” added Minister Fast. “We are proud to be working with local communities across Canada to help attract the investment that brings new opportunities and new sources of prosperity to workers and their families.”
Venture Kamloops Business Development Society will receive $6,300 for staff professional development training while, the Thompson-Nicola Regional District will receive $35,386.50 for the development of a regional investment attraction web portal.
ICCI funds up to 50 per cent of community-based activities aimed at developing and executing local investment-attraction strategies. Applications are evaluated based on the proposed strategy, project components, performance measures, work plan and the level of public-private-sector partnership. Eligible communities can apply for funding once per year following the guidelines found at Invest Canada – Community Initiatives (ICCI).