National

Federal Government Announces Surrey Headquarters for New Regional Development Agency for BC

Darpan News Desk City of Surrey, 06 Aug, 2021 11:27 AM

The City of Surrey welcomes today’s announcement by the Government of Canada to create a new regional development agency for British Columbia, with headquarters being established in Surrey.

Pacific Economic Development Canada (PacifiCan) will be the new federal regional economic development agency for British Columbia, providing $553.1 million over five years, starting in 2021-22, and $110.6 million ongoing.

“The impacts of COVID-19 have had a ripple effect through our local economy, and we must work together with all levels of government to help businesses recover from this pandemic and continue to prosper in the years to come,” said Mayor Doug McCallum. “Today’s announcement will ensure that our city, and our Province, has dedicated and sustained federal economic development support in place to foster long term economic growth. The selection of Surrey as the headquarters for this important new federal agency is an example of the federal commitment to building Surrey as the second metropolitan centre for the region.”

“The launch of PacifiCan headquarters in Surrey will ensure that our City, and our Province’s innovators, entrepreneurs, businesses and communities have additional federal support to become more economically resilient as we recover from the pandemic,” said Councillor Allison Patton, member of the Investment and Innovation Impact Committee. “This investment in our region will ensure that we can come back stronger, expand our businesses and increase well paying jobs in our region. This is great news for our city, and our Province.”

Prev Next

MORE National ARTICLES

Travellers should prove vaccination: poll

The poll suggests 48 per cent of Canadians support the total reopening of the Canada-U.S. border at the end of August, including to tourists, while 52 per cent say they oppose the reopening.

Travellers should prove vaccination: poll

North and south: U.S. has two borders to consider

The southern border represents a much larger political challenge in the U.S. than the northern one, and some in the Biden administration reportedly fear blowback if one opens before the other.

North and south: U.S. has two borders to consider

Feds add $1.4 billion to climate change fund

Speaking to reporters in Toronto Tuesday, McKenna says the funding will support communities in conducting projects to face the risks of wildfires and floods, rehabilitate storm water systems and restore wetlands and shorelines.

Feds add $1.4 billion to climate change fund

Feds face parliamentary grilling over tax changes

Parliament's legal expert says the Liberal government waded into uncharted territory when it decided to delay enacting tax rule changes on the sale of small businesses between family members.

Feds face parliamentary grilling over tax changes

Child benefits get small bump in payments

The government announced Tuesday that Canada Child Benefit payments will max out this year at $6,833 for children five and under, and $5,765 for children six to 17.

Child benefits get small bump in payments

LeBlanc seeks to reassure on vaccine mix-and-match

While Canadian health authorities say recipients of a Moderna dose should not hesitate to have Pfizer-BioNTech as their second jab — or vice versa — the U.S. Food and Drug Administration has so far been reluctant to sanction the practice, saying it should only be done in "exceptional situations."