Western Economic Diversification Canada
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Results at a glance

What funds were used?
(2016–17 Actual Spending)
Who was involved?
(2016–17 Actual Full-Time Equivalents [FTEs])
$190,483,274 292
  • Based on the latest available data from Statistics Canada, western Canadian firms that accessed lending services through the WD-funded Community Futures (CF) program increased their sales by 11.2 percent and grew their employment by 8.0 percent annually, compared to non-CF clients whose sales increased by 6.2 percent and whose employment grew by 2.9 percent annually from 2009 to 2014.[1]:ftnref1
  • In 2016-17, WD conducted a pilot project to determine the impact of the Women’s Enterprise Initiative (WEI) using Statistics Canada data. The results showed that between 2007 to 2012, western Canadian women-owned firms that accessed lending services through the WD-funded WEI program increased their sales by 10.6 percent and their employment growth by 5.7 percent annually, compared to non-WEI clients whose sales increased by 1.2 percent and employment by a negative 0.25 percent per year during the same period.[2] :ftnref2
  • WD invested $24.1 million in 55 clean technology projects to support the Budget 2016 commitment to double the regional development agencies’ aggregate investments in clean technology to $100 million and in support of Government of Canada’s Innovation and Skills Plan.
  • WD-assisted projects reported $680 million in international business activity facilitated by the department in support of Government of Canada’s Trade and Investment priority.
  • Under the Canada 150 Community Infrastructure Program, WD approved 320 projects for $46.2 million to support the renovation, expansion and improvements of existing community infrastructures as part of the Government of Canada's 150th anniversary celebration of Confederation.
  • In May 2016, the Fort McMurray wildfire drove 90,000 people from their homes and impacted Alberta’s largest industry—the oil and gas sector. WD played a lead federal role in recovery and rebuilding of Fort McMurray which involved working with numerous federal departments, the Government of Alberta, Regional Municipality of Wood Buffalo, and Canadian Red Cross to coordinate the federal response and ensure effective collaboration with provincial and local governments.

For more information on the department’s plans, priorities and results achieved, see the “Results: what we achieved” section of this report.

 

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[1]
Based on the latest available Round Seven (2009–14) data provided by the Centre for Special Business Projects, Statistics Canada, July 2017
[2]
Women’s Enterprise Initiative Pilot Project Performance Report (2007–2012), October 2016