In its recent budget, the Province of Alberta announced a new initiative to partner with economic development agencies, business improvement zones, revitalization districts and local associations to enhance opportunities for businesses throughout Alberta.
In his speech, Finance Minister Joe Ceci committed the province to investing “$10 million in community economic development initiatives to support local economic development associations and help them make their full contribution to job creation and economic renewal in Alberta.”
Alberta’s announcement contributes to a growing trend of governments recognizing the vital contribution CED can make to the economy and the advantages of pursuing economic opportunities that create social and environmental benefits. Just in the past year, the UK has launched a new CED program, New Brunswick instituted new measures supporting CED investment funds, Ontario passed community benefit legislation, British Columbia created social impact purchasing policy guidelines and Québec tabled its social economy action plan, to name a few.
CCEDNet applauds Alberta’s announcement and looks forward to working with our members and partners there to ensure the success of this valuable investment.