Minister Duguid Announces Federal Investments to Accelerate Business Growth in Edmonton
Edmonton, AB, February 12, 2025 – The Government of Canada today announced a significant investment of \$15 million to support business growth and innovation in Edmonton. The funding will be delivered through Western Economic Diversification Canada (WD) and will be used to support projects that help businesses scale up, adopt new technologies, and create jobs.
“Our government is committed to supporting businesses and creating jobs in Edmonton,” said the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance. “This investment will help businesses innovate, grow, and contribute to the economic success of our city.”
The funding will be used to support a variety of projects, including:
- The Edmonton Business Growth Fund: This fund will provide \$10 million in grants to businesses that are looking to expand their operations, hire new employees, or adopt new technologies.
- The Edmonton Innovation Hub: This hub will provide \$5 million in support to businesses that are developing new and innovative products or services.
“This investment is a game-changer for Edmonton’s business community,” said Mayor Amarjeet Sohi. “It will help our businesses grow, create jobs, and contribute to the long-term economic prosperity of our city.”
Businesses that are interested in applying for funding can contact Western Economic Diversification Canada at 1-888-338-WEST (9378).
Minister Duguid announces federal investments to accelerate business growth in Edmonton
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