CBS avails of federal foreign investment grant

By Mark Squibb

CBS council has agreed to enter into a deal with Global Affairs Canada for funding totalling $17,250 on a 50/50 cost shared basis through the CanExport Community Investments program to help attract new businesses to town.

The program provides financial help to communities and non-profit group to help them attract global businesses.

“This is another great initiative that our staff have come forward with, where we are using federal funding sources to offset costs for investment attraction initiatives in 2024,” said Economic Development and Tourism committee chairperson Paul Connors. “We’ve announced a number of these contribution agreements over the past year, and they’re very valuable as we position ourselves to capitalize on some of the municipal and regional opportunities that are coming forward.”

Connors said the move will be a key asset in expanding and diversifying local opportunities.

Mayor Darrin Bent said he was in favour of “50-cent-dollars” to attract businesses to CBS.