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
Several flight attendants from Pakistan have gone missing after landing in Canada
Multiple flight attendants from Pakistan International Airlines have abandoned their jobs and are believed to have sought asylum in Canada in the past year and a half, a spokesperson for the government-owned airline says.
BREAKING Ottawa public school board, 3 Toronto-area school boards launch lawsuit against social media giants
The Ottawa-Carleton District School Board and three school boards in the Toronto-area have launched legal action against social media giants, accusing them of "disrupting students' fundamental right to education."
Rainfall warnings of up to 90 mm among weather alerts in effect for 7 provinces
Rainfall warnings of up to 90 millimetres, air quality advisories and other alerts have been issued for seven Canadian provinces, according to the latest forecasts.
Tipping is off the table at this Toronto restaurant
A Toronto restaurant introduced a surprising new rule that reduced the cost of a meal and raised the salaries of staff.
A Nigerian woman reviewed some tomato puree online. Now she faces jail
A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious allegation” that damaged its business.
Donald Trump assails judge and his daughter after gag order in N.Y. hush-money criminal case
Donald Trump lashed out Wednesday at the New York judge who put him under a gag order that bars him from commenting publicly about witnesses, prosecutors, court staff and jurors in his upcoming hush-money criminal trial.
A fight to protect the dignity of Michelangelo's David raises questions about freedom of expression
Michelangelo's David has been a towering figure in Italian culture since its completion in 1504. But in the current era of the quick buck, curators worry the marble statue's religious and political significance is being diminished.
Doctors visiting a Gaza hospital are stunned by the war's toll on Palestinian children
An international team of doctors visiting a hospital in central Gaza was prepared for the worst. But the gruesome impact Israel’s war against Hamas is having on Palestinian children still left them stunned.
China's latest EV is a 'connected' car from smart phone and electronics maker Xiaomi
Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars.