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Building Capacity And Diversification

Lacombe County receives $30,000 from Northern and Regional Economic Development program

Jul 14, 2023 | 1:37 PM

Lacombe County has announced they are a successful recipient of a new grant offered through the Alberta Ministry of Jobs, Economy and Trade (JET).

Officials say the Northern and Regional Economic Development (NRED) program provides grants to Alberta municipalities, non-profit organizations and Indigenous communities for projects that leverage regional resources to build capacity for sustainable economic development and diversification.

“Alberta’s government is committed to creating opportunities for economic growth and diversification in all corners of the province,” said Minister of Jobs, Economy and Trade, Matt Jones. “We are pleased to support Lacombe County through the NRED program to strengthen economic development in the region by supporting their business attraction, retention and expansion plans.”

“This program will allow us to double our economic development investment. There is no doubt that any opportunity to leverage our resources with government funding will allow for a more significant local impact,” added County Manager, Tim Timmons. “We appreciate the ministry’s support of our proposal and look forward to the projects we can activate through this funding.”

Lacombe County says the full request of $30,000 was approved, with the funds being used to undertake exciting new initiatives, building on the recently completed Economic Development Strategy, ‘Success Grows Here!’

Officials say the County’s application centred around two of the NRED program’s focus areas:

• Business Supports

• Economic Development Capacity Building

Improving the overall well-being of the County’s business community is expected to contribute to long-term economic sustainability. Additionally, the County says it will highlight their assets, as well as current and future development opportunities for investors to secure consistent and significant investment dollars.