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
Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Suter scores late goal, clinches series for Canucks
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
Human remains found in rural Sask. possibly a decade old, RCMP say
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Canadian doctor concerned new weight-loss drug Wegovy may be used inappropriately
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.