The governments of Alberta and Canada will invest $3 million over two years to attract businesses to set up their head offices in Calgary. The funding will go towards Calgary Economic Development's "headquarters' attraction strategy," which works to boost the presence of head offices in the city. Deron Bilous, Alberta's minister of Economic Development and Trade, made the announcement on Tuesday afternoon at the Global Business Centre in downtown Calgary. The province will pitch in $2 million to Calgary Economic Development (CED), with the remaining funding coming from Western Economic Diversification Canada. CED president Mary Moran said the timing of the funding is beneficial to attracting more head offices to the city.

Source: CBC News September 27, 2016 20:15 UTC