News

Federal funds for Chilliwack aimed at foreign investment

It's federal funding that will provide relocating or expanding companies with a better way to assess Chilliwack's economic profile.

Chilliwack Economic Partners Corporation will be receiving $20,000 "to attract, retain and expand foreign direct investment," said Chilliwack-Fraser Canyon MP Mark Strahl in a release.

The funding is from the Invest Canada – Community Initiatives (ICCI) program.

“Partnering with local communities, the Conservative government is working to attract foreign investment and the opportunities they bring,” said Strahl.

One of the ways the funding will be used locally is to update CEPCO's online community profile for Chilliwack by adding a foreign investment component, said Nettie Tam, manager of business development for CEPCO.

"It a great marketing tool in that it gives us a competitive advantage," she said.

Chilliwack's community profile contains info from the last census, with everything from demographics, to climate, to infrastructure.

It allows relocating companies to look at Chilliwack, and do their due diligence, and "look at the community in a comprehensive way," Tam said.

Attracting foreign investment is important, said Strahl, because one in 10 workers is employed by foreign-owned companies in Canada and foreign-owned companies account for as much as 45 per cent of Canada’s merchandise exports.

ICCI funds up to half community-based projects aimed at developing and executing local investment-attraction strategies.

CEPCO's Chilliwack community profile is at www.chilliwackeconomicpartners.com.

jfeinberg@theprogress.com

Twitter.com/chwkjourno

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Fraser Health gets new president
 
Flu vaccine less effective against mutant strain
 
Surgical waits average five months in B.C.
Pipeline protest in Burnaby being felt all the way to Chilliwack
 
New Brunswick to ease access to abortion
 
Telling the authentic story of Sto:lo culture
NDP demands audit of Multi-Material BC
 
Robbed Good Samaritan gets her gear replaced by Langley store
 
Updated: Burned body found in Langley

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 26 edition online now. Browse the archives.