City exploring business incentive options in wake of Parkland Fuel Corp. move to Calgary
The City of Calgary used a job creation investment fund to help lure Parkland Fuel Corporation away from Red Deer. Whether The City of Red Deer tries a similar tact in the future remains to be seen.
The Opportunity Calgary Investment Fund announced this week that Parkland Fuel Corporation will receive up to $4 million to consolidate its national operations in that city.
In total, the funding from OCIF will support the relocation, retention, or creation of 430 permanent full-time head office jobs with the company in Calgary.
Parkland announced in February that it was closing its Red Deer office to consolidate it with their Calgary headquarters. More than 80 per cent of the 120 full-time staff in Red Deer were to be given offers to relocate to Calgary, the company said, while the remaining positions would be phased out by summer’s end.