September 20, 2013: MP Joe Preston, on behalf of the Honourable Ed Fast,
Minister of International Trade, today announced that the County of Elgin will receive
$22,500 from the Government of Canada to attract, retain and expand foreign direct
"This organization plays an important role in identifying and attracting job-creating
investment to community," said MP Preston. "That's why I'm pleased to announce funding
today that will help ensure that investors from around the world look to Elgin as
a destination of choice for new investment opportunities. This will help to create
jobs and prosperity for hard-working people right here in Elgin County."
The funding for Elgin-Middlesex-London comes from the Invest Canada - Community
Initiatives (ICCI) program. It helps communities attract, retain and expand foreign
direct investment (FDI).
"Our government is focused on what matters to Canadians: jobs, growth and long-term
prosperity, and attracting foreign investment is key to these efforts," added Minister
Fast. "We are proud to be working with local communities across Canada to help attract
the investment that brings new opportunities and new sources of prosperity to workers
and their families right here at home."
In 2012, the Government of Canada helped attract 147 new foreign businesses and
expansions projects worth over $2.7 billion to the Canadian economy, creating jobs,
growth and prosperity for Canadians.
ICCI funds up to 50 percent of community-based activities aimed at developing and
executing local investment-attraction strategies. Applications are evaluated based
on the proposed strategy, project components, performance measures, work plan and
the level of public/private sector partnership. Eligible communities can apply for
funding once per year, following the guidelines found at
Invest Canada - Community Initiatives (ICCI).