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Published On: Sat, Sep 21st, 2013

Government of Canada Helps Elgin-Middlesex-London Attract International Investment to Secure Jobs, Growth and Prosperity

September 20, 2013

MP Joe Preston, on behalf of the Honourable Ed Fast, Minister of International Trade, today announced that the County of Elgin will receive $22,500 from the Government of Canada to attract, retain and expand foreign direct investment.

“This organization plays an important role in identifying and attracting job-creating investment to community,” said MP Preston. “That’s why I’m pleased to announced funding today that will help ensure that investors from around the world look to Elgin as a destination of choice for new investment opportunities. This will help to create jobs and prosperity for hard-working people right here in Elgin County.”

The funding for Elgin-Middlesex-London 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 right here in Elgin.”

In 2012, the Government of Canada helped attract 147 new foreign businesses and expansions projects worth over $2.7 billion to the Canadian economy, creating jobs, growth and prosperity for Canadians.

ICCI funds up to 50 percent 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).

About the Author

- Nathan is originally from Cardiff, Wales, and was imported to Canada as a internet mail order groom in 1998 and has managed to avoid deportation ever since. Even though sometimes mis-interpreted, possibly to retaining a Welsh accent, he continues to try his best to make a difference to the community he has grown to love.