The third and final intake of the Community and Regional Economic Support (CARES) program applications will run from October 1 to November 30, 2017.
Through the CARES program, the Government of Alberta is providing over $26 million between 2016 and 2018 to help municipalities, non-profit organizations and Indigenous communities pursue long-term economic growth and diversification. In addition to this funding, CARES is also providing financial support to Regional Economic Development Alliances ($2.2 million), rural business centres ($600,000) and the business resumption activities in Wood Buffalo ($750,000).
To quality for CARES funding, applicants must demonstrate that their projects aligns with one or more of the following outcomes:
- Improve the local business environment and/or regional economic collaboration
- Increase support for entrepreneurs and small and medium-sized enterprises
- Promote economic diversification
- Create jobs.
There were three intakes for this program. The first intake was in fall 2016 and awarded funding to many well-deserved applicants, including the City of Grande Prairie who received $175,000 for three projects relating to supporting entrepreneurs, developing an economic development strategy, and establishing a plan for petrochemical production in the Peace Region. The second intake occurred in spring 2017.
More information, including eligibility criteria, along with more information on how to apply for funding, is available on the CARES website.