Province to restore funding to regional economic development alliances
LETHBRIDGE, AB – The Government of Alberta has announced additional funding for organizations that support rural economic development.
Minister of Jobs, Economy, and Northern Development Brian Jean said that Budget 2023 would more than double its support for Alberta’s nine regional economic development alliances (REDAs) this year to $125,000.
“Nobody knows their local economy better than REDAs, which bring awareness of provincial and municipal initiatives,” said Jean. “Each area has its own specific needs and goals, and this additional support will increase their ability to develop local solutions to economic needs while supporting the improvements that their region needs.”
REDAs are independent, non-profit organizations made up of municipalities and regional stakeholders that work together to promote long-term economic development.