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Alberta’s government is investing $3.5 million to help make the province more naturally flood and drought resilient and improve water quality.

Watersheds are areas of land that drain rainfall and snowmelt into steams, rivers and lakes which, in turn, help support healthy communities and ecosystems. Each year, the Watershed Resiliency and Restoration Program works to increase the natural capacity of Alberta’s watersheds to reduce the intensity, magnitude, duration and effects from flooding and droughts.

This year, Alberta’s government is providing $3.5 million to fund 22 projects in rural and urban communities through the Watershed Resiliency and Restoration Program. The funding is helping restore riverbanks and wetlands, protect streambanks and improve natural drainage among other projects. 

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Tax credit program attracts investment by biofuels company

Video: Tax credit program attracts investment by biofuels company

Canary Biofuels has qualified for a $1.7-million tax credit under Alberta’s Agri-Processing Investment Tax Credit program for constructing a cold press oilseed crushing plant in Lethbridge. The company is investing $18 million in the project that is expected to create 40 permanent and 25 temporary jobs, process 200,000 tonnes of seed per year and produce value-added products such as canola oil and meal. This is just the latest example of how the province is attracting job-creating investment to diversify Alberta’s economy.