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CIC, business leaders discuss on Canada's new immigrant investment pilot

May 2014, 24
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Minister of Citizenship and Immigration Canada, Chris Alexander, and Canadian business leaders have met to discuss on a new immigrant investment pilot program.

Intended to encourage long-standing prosperity along with economic growth of Canada, the immigrant investor Venture Capital pilot program is designed to attract major investments in the country.

Chris Alexander said that the government, which is committed to attract businessmen possessing good skills, brings in new investment capital with the potential to impact the Canadian economy. The new pilot program of immigrant investor venture capital is expected to add a real value at the same time creating a win-win situation for both new comers and Canada.

The meetings are scheduled to discuss crucial elements of the new pilot scheme led by James Moore, Minister of Industry Canada. The roundtables are expected to take the proposal in Economic Action Plan 2014 forward, to end the outdated programs like Federal Entrepreneur program and federal Immigrant Investor Program, and remove application backlogs that are longstanding besides creating new pilot programs in lines with economic needs of Canada.

James Moore said that the government’s priority is to support the best entrepreneurs along with startup companies belonging to Canada. Hence, it is updating programs and trying to reach out to develop successful plans, which would benefit from Canada’s resources including proper banking system, determined entrepreneurs along with sound economy.

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