Share this page Print

Ward 3 News: Economic Development Investment Fund

  • Share

Ward 3 official website

Council approved an additional $90 million towards economic development and diversification efforts through Calgary Economic Development (CED), adding to $10 million committed earlier this year. This fund will give CED the ability to determine whether infrastructure improvements or similar investments/initiatives can aid our city in attracting and retaining new businesses in the wake of the oil and gas downturn. This funding is to be dispersed with oversight from a steering committee, and is not generated through increased taxes. The funds are being tapped from a Business License fund that is reliant on fees from the land development industry, as well as savings projected from previously established budgets. Without a targeted approach to changing our city from its historic reliance on oil and gas, we face an uncertain economic future. Vacancies in the downtown and resulting devaluation of many core tax revenue-generating properties has eroded the City of Calgary’s tax base.

This content represents the personal views and opinions of the Ward Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.

Access City Services

For non-emergency service


311 connects citizens with non-emergency services, 24 hours a day, seven days a week.

Download the app

Available for iPhone in App Store and Android in Google Play store.

Request service online

Submit a request

For City news and information search and follow the City on social media.