Government of Canada invests nearly $1.3 million to help up to 345 small and medium-sized businesses in Alberta export
Edmonton, Alberta - When Canadian small and medium-sized enterprises (SME) export, they become more productive, create more jobs, grow and scale at higher rates, and invest more in research and development.
Through 14 trade agreements, including the new North American Free Trade Agreement, the Canada-European Union Comprehensive Economic and Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Canadian SMEs now have access to 1.5 billion customers, yet only 12% are taking advantage of these new customers by exporting.
To increase Canada's overseas exports by 50% by 2025, the Government of Canada has taken action with the $1.1-billion Export Diversification Strategy.
The Honourable Mary Ng, Minister of Small Business and Export Promotion, along with the Honourable Amarjeet Sohi, Minister of Natural Resources, and Randy Boissonnault, Member of Parliament for Edmonton Centre, announced an investment of nearly $1.3 million in the Edmonton Chamber of Commerce to expand its Trade Accelerator Program (TAP) to communities across Alberta.
This investment in the TAP expansion will help up to 345 SMEs in Alberta export to new markets.
The Export Diversification Strategy is a part of the Government of Canada's plan to help small and medium-sized businesses start up, scale up and access new markets.
Source : Government of Canada