Western Economic Diversification Canada (WD), an agency established to promote the development and diversification of the economy of Western Canada will receive increased funding worth $25 million over five years. With its two strategic priorities for 2017-18 on innovation and Indigenous economic growth, funding wil be directed towards :
- supporting small and medium-sized businesses that want to adopt new technologies and boost their innovation capacity;
- nominating 50 firms across the country to participate in a federal program that will help them grow nationally and internationally;
- investing $100 million annually across the country in clean technology; and
- supporting a total of 250 Indigenous projects as they develop and diversify their economies.