$297,500 investment will create jobs, expand research and foster innovation
EDMONTON, May 9, 2017 /CNW/ - The Government of Canada values the role of post-secondary institutions as they help equip young Canadians with the education and training they need for future careers that will help them join a strong, healthy middle class. Today, the Government of Canada is investing $297,500 for a total combined investment of $605,000 in The King's University, which will help foster the training needed for the well-paying middle-class jobs of today and tomorrow.
The funding was announced by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
Canada's Innovation and Skills Plan aims to make this country a global centre for innovation—one that creates jobs, drives growth across all industries and improves the lives of all Canadians. This investment exemplifies that vision in action.
The King's University will use the funding to re-roof the fine arts building with a roofing membrane made using a new synthetic rubber technology. The project will increase the roof's R-value from R-10 to R-40. The university will also install solar panels to reduce its consumption of on-grid energy.
Of the $605,000 total investment for this project:
- $297,500 will be provided by the Government of Canada; and
- $307,500 will be provided by The King's University.
In total, universities and colleges throughout Alberta will receive over $500 million from the Government of Canada, the provincial government, the institutions themselves and private donors. Federal funding will be allocated through the Post-Secondary Institutions Strategic Investment Fund, which will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities.
"This historic investment by the Government of Canada is a down payment on the government's vision to position Canada as a global centre for innovation. That means making Canada a world leader in turning ideas into solutions, science into technologies, skills into middle-class jobs and start-up companies into global successes."
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
"This funding will support re-roofing of essential academic and research spaces on campus. On the basis of favourable tender pricing, the Government of Canada has extended the project to include re-roofing the fine arts building, plus additional solar panels. This work will also assist The King's University in achieving greater energy efficiency and sustainability, so this investment is certainly welcome."
– Ellen Vlieg-Paquette, Vice President Administration and Finance, The King's University
- The Government of Canada is providing more than $225 million for research infrastructure at institutions across Alberta. The King's University has been awarded $297,500 by the federal government to re-roof buildings and install solar panels.
- This investment supports Canada's Innovation and Skills Plan, which is designed to ensure our country is globally competitive in promoting research, translating ideas into new products and services, accelerating business growth and propelling entrepreneurs from the start-up phase to international success.
- The Post-Secondary Institutions Strategic Investment Fund supports the Government of Canada's climate change objectives by encouraging sustainable and green infrastructure projects.
Follow Minister Bains on Twitter: @MinisterISED
SOURCE Innovation, Science and Economic Development Canada
For further information: Karl W. Sasseville, Press Secretary, Office of the Minister of Innovation, Science and Economic Development, 343-291-2500; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, email@example.com; Sonya Jongsma Knauss, Director of University Relations, The King's University, 780-292-5905, Sonya.JongsmaKnauss@kingsu.ca