(Regina) Economic Development Regina (EDR) today announced that a group of Regina companies and organizations will be investing directly in EDR, to support EDR and the City’s long-term growth strategy.
“I am proud today both as the chair of the EDR board, and as an investor,” said EDR Board Chair Murad Al Katib, who is President and Chief Executive Officer of Regina’s AGT Food and Ingredients. “We cannot simply say that economic development is the job of city hall. We must all take responsibility for shaping our future.”
“The Investment Partnership Program creates an incredible opportunity to invest directly in EDR’s mandate,” said Regina Mayor Michael Fougere. “Council is pleased that the City’s investment got the ball rolling and inspired others to come forward, and I extend my thanks to these companies for jumping at the chance to demonstrate their leadership and investment in the community.”
To date, a total of eleven organizations have committed to invest over $750,000 into the program over the next three years. They include four that are currently represented as members of the EDR Board of Directors. The companies and organizations that have committed to the Investment Partnership Program are:
- AGT Food and Ingredients
- Blueplate Capital
- City of Regina
- Greystone Managed Investments
- Harvard Group
- Phoenix Group
- Praxis Consulting
- Regina & Region Home Builders’ Association
- University of Regina
“Our companies are tied to Regina, the city and area’s success will be our success,” said Jeff Stusek, President and CEO of ISC, on behalf of the investment partners. “It is important that we give tangible support to the work EDR is doing to help generate new investment and new jobs.”
The funds generated by the Investment Partnership program will be invested in EDR’s vision of the Greater Regina Area prospering as a vibrant and diversified economy for investors, a strong destination experience for visitors, and a place of choice with a high standard and quality of life for residents.
These funds will support:
- The Regina Advantage, a multi-year program which will be launched this fall, to articulate Regina’s special attributes as the best place in Canada to invest, live, and learn.
- EDR’s Smart Growth Strategy for key sectors of our economy (tourism, agri-value, manufacturing, events/conventions/tradeshows) to ensure sustainable growth, diversity, and prosperity.
- Implementation of the GRA’s first strategy for entrepreneurial growth.
- Investment attraction to ensure retention and growth of GRA companies.
“This group is the Founders of our program and we are very thankful for their leadership,” said EDR President & CEO, John Lee. “The founders have kick-started the program, and we look forward to announcing new investors in the coming months.”
This new initiative supports EDR’s vision of the GRA prospering as a vibrant and diversified economy for investors, a strong destination experience for visitors, and a place of choice with a high standard and quality of life for residents.
For more information and interviews, contact:
Economic Development Regina Inc.
P: 306-789-5099 ext. 237