PacifiCan invests $6.4 million to drive business growth and support community economic development initiatives across British Columbia
Summary
businesses and communities thrive.Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $6.4 million in PacifiCan funding for seven organizations to drive business growth and support economic development initiatives in British Columbia. The three projects announced today, as well as the 10 announced in January, will help high-growth businesses access investment capital and connect to new customers and commercial networks in B.C., across Canada, and in global markets.Among the BizAP funding recipients, Alacrity Canada will receive $2,481,097 to expand its programming for small- and medium-sized businesses ready for rapid growth. entrepreneurs, Alacritys Advanced Pathways for Export Program (APEX), will prepare companies for diversified trade opportunities and provide personalized mentorship from industry experts and connections with global investors. These three BizAP investments are expected to help create more than 1,700 jobs, support 300 businesses across British Columbia, and drive more than $110 million in revenue growth for these companies.As part of todays announcement, Minister Sajjan also announced $1.3 million in funding through PacifiCans Community Economic Development and Diversification program to help four not-for-profits boost local economic growth in communities across the province.The organizations receiving this funding are: $677,800 for Royal Roads University Foundation to pilot targeted support for municipal and First Nations economic development partnerships in the growing Westshore region of Southern Vancouver Island $359,950 for S2S Outdoor Adventure Recreation Enterprise to establish an outdoor technology innovation centre in the Sea to Sky region of B.C. $168,300 for Haida Gwaii Community Futures to deliver Indigenous business development services and support local entrepreneurs $134,250 for the City of Quesnel to expand a food processing facility to support small business growth in Northern B.C.