Western Economic Diversification Canada

Western Economic Diversification Canada

March 28, 2014 11:00 ET

Harper Government Supports Initiative Aimed at Attracting Foreign Investment to Winnipeg

WINNIPEG, MANITOBA--(Marketwired - March 28, 2014) - Western Economic Diversification Canada

Today the Honourable Michelle Rempel, Minister of State for Western Economic Diversification announced $170,000 in support to Economic Development Winnipeg to attract international investment to Winnipeg through the YES! Winnipeg initiative.

WD's funding is expected to generate $125 million in business attraction leads from
January 1, 2014 to December 31, 2015 which could result in $25 million in Foreign Direct Investment in Winnipeg.

Economic Development Winnipeg is a non-profit economic development organization. It launched YES! Winnipeg in partnership with the Winnipeg Chamber of Commerce to increase business activity and economic spin-offs by attracting Foreign Direct Investment to the city.

Quick Facts

  • The YES! Winnipeg initiative will build on Manitoba's business capacity in agricultural crop and animal processing; niche goods and beverage manufacturing; agri-equipment manufacturing; transportation products and technology; and clean technologies.
  • The project will focus its direct investment attraction activities by promoting Winnipeg to US site selectors and by targeting companies and industry sector markets in China, Europe and India.
  • This project is directly aligned with the Government of Canada's Global Commerce Strategy as it links with fast-growing emerging markets such as China and India and also targets the European Union.

Quotes

"Our Government is pleased to support Economic Development Winnipeg in their efforts to attract investment to Winnipeg."

Michelle Rempel, Minister of State for Western Economic Diversification

"Funding from Winnipeg's business community and from government stakeholders allows YES! Winnipeg to perform vital work to grow the local economy, create new jobs and attract new companies to our city. The federal government's support of this initiative through Western Economic Diversification Canada is greatly appreciated and makes an important contribution to the continuing success of this unique effort."

Marina R. James, President and CEO of Economic Development Winnipeg Inc.

Additional Links

Economic Development Winnipeg: http://www.economicdevelopmentwinnipeg.com/

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