Feds Supporting Prairie Companies Hurt by Tariffs
The federal government is rolling out new support for businesses in Manitoba, Saskatchewan and Alberta affected by trade disruptions.
The funding has widespread implications for region’s commercial real estate sector, including manufacturing facilities and other industrial properties and projects.
Through the Regional Tariff Response Initiative (RTRI), funding will be available to help companies adapt to shifting global conditions, expand markets, strengthen supply chains and boost domestic trade. Not-for-profit groups that assist businesses in managing tariff impacts will also be eligible.
“Canadian and Prairie businesses are facing real pressures in a shifting global trade landscape, said Eleanor Olszewski, minister of emergency management and community resilience and the minister responsible for Prairies Economic Development Canada (PrairiesCan).
“The Regional Tariff Response Initiative, or RTRI, equips them to respond with strength — to adapt, innovate, and lead. Prairie businesses have always punched above their weight in driving Canada’s productivity, and this initiative will help them expand into new markets while continuing to weather short-term challenges.”
Applications for Prairie-based businesses open September 15 through PrairiesCan’s online portal.
The $150-million RTRI is part of a wider package of measures that includes the Large Enterprise Tariff Loan Facility, the Business Development Bank of Canada’s Pivot to Grow program, and enhancements to the Strategic Innovation Fund.
Pictured: Hangar at De Havilland Field in the Edmonton area.
Photo: De Havilland
Other News
Charlotte Library Razed, 300 Apartment Units on Way
Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...
Learn more
Terra, Fortune Ink $220M Key Biscayne Condo Financing
Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
Learn more
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout