More … than $5.6 million in new federal funding will help alberta communities attract investment, create jobs and transition to a greener economy

EDMONTON, Alta., January 17, 2022 /CNW/ – Prairie Economic Development Canada (PrairiesCan)

Government of Canada invests in a greener economic opportunity in Alberta (CNW Group/Prairie Economic Development Canada)

Like Canada continues to move away from coal power to protect our climate and create a more sustainable economy, the Government of Canada, through Prairie Economic Development Canada (PrairiesCan), invests in communities affected by the transition to coal. Moving to a low carbon economy is good for the environment, good for the economy and will benefit all Canadians. The government of Canada understands that such change must also ensure a just and equitable transition for workers and communities financially dependent on coal mining and coal-fired electricity generation.

Today, the Honorable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency, announced over $5.6 million in support of eight projects across alberta that will help communities attract investment, create jobs and transition to a greener economy.

Funding is provided through the Canadian Coal Transition Initiative (CCIT) and the Canadian Coal Transition Initiative-Infrastructure Fund (CCIT-IF). These funds support skills development, infrastructure investments and economic diversification in affected communities transitioning from coal-fired power generation.

alberta Projects supported under the Canada Coal Transition Initiative include:

  • $2.25 million new funding to Harvest Sky Economic Development Corporation to conduct a strategic analysis and economic diversification study that will inform future investment and business attraction activities for the region including Hana, the Village of Youngtown and Special Zone No. 2.

  • $658,000 in new funding to Parkland County to develop a Wabamun Area Development Strategy.

  • $154,880 additional funding to Parkland County to develop a tri-municipal sub-regional plan that will align land use, utilities and infrastructure services in support of the phase-out of coal-fired electricity in the region.

  • $200,000 in additional funding for the Community Futures Network of alberta (CFNA) to support workers and businesses in communities affected by the transition to coal. CFNA is a non-profit community business lending and business development organization comprised of 27 Community Futures offices in rural areas. alberta.

  • $143,917 in additional funding for the Hana and the District Lifelong Learning Association to create a business center and concierge center in Hana.

  • $87,500 additional funding to United Steelworkers Local 1595 to hire a transition coordinator to support laid-off coal workers in Wabamun.

Projects supported through the Canada Coal Transition Initiative-Infrastructure Fund include:

  • On $2 million new funding to the Special Areas Council in Special Area #2 to develop an industrial park that will support industrial applications suitable for a remote location.

  • $150,000 new funding to Flagstaff County to undertake the Flagstaff County Industrial Park Feasibility Study.

Investments today mean more than $32 million have been invested in alberta communities since 2018 through the Canadian Coal Transition Initiative (CTCI) and the Canadian Coal Transition Initiative-Infrastructure Fund (CTCC-IF).

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“The government of from Canada the priority is to support workers, families and communities Canada transition to a cleaner energy economy. Today’s investments will enable coal-affected communities to alberta to leverage their regional assets and highly skilled workforce, take advantage of new business opportunities and create more resilient local economies. Together, we are moving towards a clean energy future for all Canadians. »

The Honorable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairie Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency

“The evolution of energy is upon us and alberta will continue to lead the way. As we fight climate change and build a low-carbon economy, our government is committed to creating new economic opportunities and ensuring that no worker is left behind. Today’s investments build on federal support for from Alberta coal-affected communities and help lay the foundation for new investment, business and innovative jobs in our province. »

The Honorable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance

“Canada Prairie Economic Development has been and continues to be a great source of support for the Harvest Sky region as we explore opportunities to make our communities sustainable after the loss of our coal-fired power plant. The funding and assistance they provide has allowed us to build a strong economic development and community base that we can build on in the future, and we look forward to continuing our collaboration as we align our region and marketing. to new investors, residents and visitors. »

Marc Nicota, Economic Development Manager, Harvest Sky Region Economic Development Corporation

“Parkland County is grateful for the funding received from Prairie Economic Development Canada and their continued support. This funding allows us to review and explore other potential sources of alternative economic development to offset the loss of revenue from coal-fired electricity generation. From this work, Parkland County will establish a comprehensive strategy for Wabamun which will allow compatible, ecologically responsible and economically viable development”.

Allan Gamble, Mayor, Parkland County

Fast facts

  • In February 2018, the government of Canada announced regulatory changes to phase out traditional coal-fired electricity generation by 2030.

  • PrairiesCan received $25 million in Budget 2018 to establish the Canadian Coal Transition Initiative (CCTI), which helps communities alberta and Saskatchewan switch their economies from electricity generation to coal.

  • Budget 2019 announced a new $105 million through the Canadian Coal Transition Initiative (CCCI) Infrastructure Fund for PrairiesCan to support infrastructure investments and economic diversification in impacted communities as they transition from coal coal-fired electricity.

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SOURCE Prairie Economic Development Canada

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