Minister of Economic Development and Trade, Deron Bilous, announced the second round of funding for economic development analysis.
Fort Saskatchewan is set to receive $43,000 from the Community and Regional Economic Support (CARES) program to support the Investment Promotion Project.
"The funding is definitely going to help our economic development officers as they go forward and try to bring new businesses to Fort Saskatchewan," said mayor Gale Katchur.
The project will provide an in-depth analysis of the economic development department's current investment attraction activities and recommend how to improve them. Vital information such as strengths, weaknesses, ideal sectors, industries to target and how much data they need for a decision will be given in the project's outcome.
"It will be a benefit to us because when we're out there trying to sell ourselves, we are going to know exactly what it is that we want to be selling to these corporations or businesses coming to our city," explained Katchur.
This is the second grant the city has received, with $33,000 being awarded to support the Business Retention Strategy (recommendations on how the city can better support the local business community).
The CARES program was created as part of the provincial government's Alberta Jobs Plan with $30 million in funding spread out over two years. It's designed to promote long-term economic growth and prosperity in Alberta.