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Business outreach group gets $170K from WED

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Outreach group Yes! Winnipeg received a $170,000 endorsement from the federal department of Western Economic Diversification this morning.

The outreach division of Economic Development Winnipeg that’s partly funded by the private sector, is in charge of attraction, retention and expansion of business in Winnipeg.

The WED contribution is in support of efforts to attract international investment to Winnipeg.

The WED contribution is expected to generate $125 million in business attraction leads from January 1, 2014 to December 31, 2015 which could result in $25 million in foreign direct investment in Winnipeg.

When it was formed in 2010, Yes! Winnipeg’s goal was to assist in the creation (and retention) of 4,200 jobs by the end of 2015.

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