The federal government announced that the Calgary Stampede will receive nearly $12 million to support tourism and quality jobs.
The money will help Stampede bounce back after losing $8.3 million last year. This large deficit was due to operating at half-capacity due to covid.
Daniel Vandal, the federal minister for Prairies Economic Development Canada, says the money will bring the Stampede back to its glory days to deliver an “authentic western experience” this year.
"The total federal investment of $10.15 million through PrairiesCan will enable this year’s Stampede to reignite Alberta’s visitor economy, attract visitors to explore southern Alberta, and spur economic benefits for the region," reads a press release.
$1.8 million will go to the Tourism Relief Fund to support four tourism projects in southern Alberta, while an additional $150 thousand will go to the BMO centre.
Send your news tips, story ideas, pictures, and videos to email@example.com