Government of Canada invests over $3.7 million to drive innovation and economic growth in Burnaby
November 13, 2024
The Government of Canada is investing over $3.7 million in Burnaby to support innovation and economic growth. This investment will help to create new jobs, strengthen the local economy, and position Burnaby as a leader in the innovation economy.
The funding will be used to support a variety of projects, including:
- The creation of a new innovation hub at the British Columbia Institute of Technology (BCIT). The hub will provide a space for businesses, researchers, and students to collaborate on new ideas and develop innovative products and services.
- The expansion of the BCIT Aerospace Centre of Excellence. The centre provides training and support to the aerospace industry, and the expansion will help to meet the growing demand for skilled workers in this sector.
- The development of a new clean energy technology incubator at the University of British Columbia (UBC). The incubator will provide support to startups and small businesses that are developing clean energy technologies.
These projects are expected to create over 1,000 new jobs and generate over $100 million in economic activity. They will also help to position Burnaby as a leader in the innovation economy and attract new businesses and investment to the city.
“Our government is committed to supporting innovation and economic growth in Burnaby,” said Terry Beech, Member of Parliament for Burnaby North—Seymour. “This investment will help to create new jobs, strengthen the local economy, and position Burnaby as a leader in the innovation economy.”
“This funding will help to create a vibrant innovation ecosystem in Burnaby,” said Mike Hurley, Mayor of Burnaby. “It will attract new businesses and investment to the city, and create new jobs for our residents.”
The Government of Canada is committed to supporting innovation and economic growth across the country. This investment in Burnaby is part of a larger effort to create a more competitive and prosperous Canadian economy.
Government of Canada invests over $3.7 million to drive innovation and economic growth in Burnaby
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