Feds invest $1.1M to economic development projects in northern Manitoba

Government of Canada announces funding to support 16 economic development projects in northern Manitoba (CNW Group/Western Economic Diversification Canada)

Winnipeg, Man. — The Government of Canada announced more than $1.1 million in funding through Western Economic Diversification Canada and the Churchill and Region Economic Development (CRED) Fund. These 16 projects represent a wide-range of initiatives and are located across northern Manitoba, including the Town of Churchill, the City of Thompson, and the Kivalliq region of Nunavut.

“The Government of Canada is committed to supporting the economic stability of northern Manitoba. This funding is a positive step to diversifying and sustaining the economy,” said Terry Duguid, parliamentary secretary to the Mélanie Joly, in a prepared statement. “It shows that CRED is making a difference in helping these resilient business owners, community leaders, and families grow our economy.”

CRED was established in 2016 in response to the economic instability facing the town of Churchill and other communities along the rail line. The $7.3 million fund encourages short- and long-term sustainable economic development and the diversification of local economies. It facilitates economic adjustment, and enables collaboration and partnerships, leading to greater economic stability in the region. Local participation comes from third-party delivery of CRED funds through Community Futures Manitoba. An independent management committee ensures that decisions are made by business and community leaders from northern Manitoba.