Calgary has launched a $100 million investment fund with the goal of supporting business growth in the city.
The Opportunity Calgary Investment Fund, managed by the Calgary Economic Development agency, is open to private companies, non-profits, and public institutions. The fund has a broad focus on supporting businesses that are using tech, such as a restaurant that wants to become a lab for food service tech or explore automation.
The fund is open to both local businesses and outside companies that want to expand operations in Calgary. Eligible projects will be evaluated based on job creation, whether they operate in high-potential sectors, and the economic benefits to the city.
Calgary city council first voted to create the economic development fund in March 2018, and approved its creation along with an eight-member board that includes mayor Naheed Nenshi.
Applications will be open until all funds have been allocated.
Photo via Burst.