Garmin Canada expansion expected to bring 200 new tech jobs to Cochrane, Alta.
Garmin Canada has announced plans to expand its headquarters in the town of Cochrane, just west of Calgary, creating nearly 200 technology-based jobs.
The fitness technology company, which has been based in Cochrane for more than 20 years, credits the town's community revitalization levy (CRL) with paving the way for the move.
"Garmin Canada is excited to expand our presence and long-term growth plans in the heart of Cochrane," said Jim Rooney, Garmin Canada's managing director, in a statement released Monday. "What was once a brownfield site is now the location of a vibrant and growing economic engine for Cochrane, made possible through the combined efforts of the province, Town of Cochrane and Vantage Land Corporation.
"The extension to the community revitalization levy is an important investment by the province to help fund the infrastructure that enables future jobs and economic growth."
Alberta's CRLs permit communities to use property tax revenue, current or future, to finance projects.
According to the province, Cochrane's CRL has led to assessment growth of 2,638 per cent as of 2022, increasing property values.
"This $140 million in increased property values will go a long way to attract future investment and jobs into this vibrant and growing mid-sized city," said Rebecca Schulz, Alberta's Minister of Municipal Affairs.
Future planned projects within Cochrane's CRL area include a Canadian Pacific Railway pedestrian crossway, an arts centre, a parking structure and a library.
Construction on the Garmin Canada headquarters expansion is slated to begin in the coming weeks.
CTVNews.ca Top Stories
NEW From yearning for a change to cost of living, why some Canadians have left or may leave the country
For some immigrants, their dreams of permanently settling in Canada have taken an unexpected twist.
Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
Studies have shown that ultraprocessed foods can have a detrimental impact on health. But 30 years of research show they don’t all have the same impact.
NEW Capital gains tax change 'shortsighted' and 'sows division' business groups tell Freeland
Forging ahead with increasing Canada's capital gains inclusion rate 'sows division,' and is a 'shortsighted' way to improve the deficit, business groups are warning Finance Minister Chrystia Freeland.
Ontario man frustrated after $3,500 paving job leaves driveway in shambles
An Ontario man considering having his driveway paved received a quote from a company for $7,000, but then, another paver in the neighbourhood knocked on his door and offered half that rate.
Defence attacks Stormy Daniels' credibility as she returns to the stand in Trump's hush money trial
Stormy Daniels will return to the witness stand Thursday in Donald Trump's hush money trial as the defence tries to undermine the credibility of the porn actor's salacious testimony about their alleged sexual encounter and the money she was paid to keep quiet.
With contactless screening tech, this Toronto startup hopes to catch breast cancer early — and save lives
Amid evidence of rising breast cancer rates among young women in Canada, one Toronto startup is offering a contactless and radiation-free device that can help doctors identify suspicious changes in breast tissue. The company, Linda Lifetech, says this can lead to earlier detection of breast cancer.
Tornadoes tear through southeastern U.S. as storms leave 3 dead
Forecasters warned a wave of dangerous storms in the U.S. could wash over parts of the South early Thursday, a day after severe weather with damaging tornadoes and large hail killed at least three people in the region.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
What is whooping cough and should Canadians be concerned as Europe declares outbreak?
There is currently a whooping cough epidemic in Europe, with 10 times as many cases compared to the previous two years. While an outbreak has not been declared nationwide in Canada, whooping cough is regularly detected in the country.