New Federal Economic Development Agency for BC

Chamber of Shipping > Blog > News > Government > New Federal Economic Development Agency for BC

For the first time in more than three decades, the Government of Canada will enhance its federal economic development presence and services in Western Canada by replacing Western Economic Diversification Canada with two regional development agencies – Pacific Economic Development Canada (PacifiCan) will focus on British Columbia, while the Prairies Economic Development Canada (PrairiesCan), focusses on the interests of Alberta, Saskatchewan and Manitoba interests.  This approach recognizes that economic drivers and conditions are different in each of the two regions, and entrepreneurs, innovators, institutions, and communities have unique needs linked to where they are located. PacifiCan has been provided $553.1 million over five years, starting in 2021-22, and $110.6 million ongoing.

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