Backgrounder: MP Chahal announces investments in business growth and digital technology in Saskatchewan

These investments in the Saskatchewan economy support business growth and digital technology through repayable funding direct to business, and targeted initiatives for business organizations which are non-repayable.

Community Economic Development and Diversification (CEDD)

The CEDD program contributes to the economic growth and diversification of communities across the Prairie provinces. Through this program, PrairiesCan enables communities to leverage their capacity and strengths to respond to economic development opportunities and adjust to changing and challenging economic circumstances. Today, PrairiesCan announced the following CEDD-funded project:

• Regina & District Chamber of Commerce ($250,000)
  Develop a pilot program to provide resources, learning and mentorship opportunities to local immigrant, minority and Indigenous business owners and entrepreneurs in Regina and surrounding area.

Business Scale-up and Productivity (BSP)

Through the BSP program, the Government of Canada supports high-growth businesses seeking to improve productivity, scale-up and commercialize technology. BSP offers interest-free, repayable funding to incorporated high-growth businesses that have been operating in the Prairie provinces for a minimum of two years. The following BSP funding was announced today by PrairiesCan:

• Lumeca Health Inc. ($200,000)
  Expand market reach by hiring sales and marketing staff and enhance and add new functionality to its proprietary emergency communication platform, Lumeca Go.

Regional Innovation Ecosystems (RIE)

The RIE program helps create, grow, and nurture inclusive regional ecosystems that support what business needs to innovate from start to finish. Through RIE, targeted investments in not-for-profit organizations support businesses in priority sectors to innovate, grow and compete globally. RIE also promotes inclusive growth by helping under-represented groups more fully participate in the innovation economy.

• Saskatchewan Interactive Media Association Inc. ($150,000)
  Conduct a Labour Market Economic Impact (LMEI) study of Saskatchewan's digital technology sector.

Related products

• News Release: MP Chahal announces investments in business growth and digital technology in Saskatchewan

Associated links

• Prairies Economic Development Canada
• Business Scale-up and Productivity (BSP) in the Prairie provinces
• Community Economic Development and Diversification (CEDD) in the Prairie provinces
• Regional Innovation Ecosystems (RIE) in the Prairie provinces