BC Hydro wants to make Cranbrook a more appealing place for energy-intensive industrial developers.
Cranbrook has been selected for BC Hydro’s Load Attraction Program, an initiative that offers incentives and funding to convince developers to set up shop in the Key City’s industrial lands.
Cranbrook’s Darren Brewer says over $100-million has been set aside to support feasibility and planning costs for developers.
“As a part of this load attraction program, the province has allocated this money, developers don’t have to have the outlay on it.” says Brewer. “It’s also around the timing of the electricity, it’s readily available, which means BC Hydro will work with the potential developer to get the power to the lands in a timely fashion.”
Brewer says Cranbrook’s industrial lands makes the Key City an attractive opportunity for industrial developers.
“Cranbrook is quite blessed to have quite a few different opportunities,” he says. “Whether it be with Aq’am in the lands they held beside the airport, or industrial lands that are within the City of Cranbrook, we definitely have a lot of investment ready lands.”
You can find more information from the City of Cranbrook below:
The City of Cranbrook is thrilled to announce that it has partnered with BC Hydro to attract energy-intensive, industrial customers to the province.
By working with BC Hydro, available industrial properties will be promoted to businesses looking to establish sustainable operations in British Columbia.
“The City of Cranbrook is proud to work alongside BC Hydro to match new businesses to an industrial site,” said Darren Brewer, Economic Development Officer at the City of Cranbrook. “We are providing exceptional investment opportunities and are dedicated to supporting emerging and government-supported industries including those in the hydrogen and low carbon fuel production, clean technology, energy storage, advanced battery technology, and information and communications technology sectors.”
The B.C. government is committed to fostering innovation in the region. Close collaboration between the government and municipalities along with leading climate policies, critical infrastructure, and top talent all help companies to get established and grow. In addition, streamlined regulations make it easier to register a business and apply for permits and licenses.
“Cranbrook is an excellent location for companies looking to establish clean and sustainable operations in B.C.,” said Mike Matejka, Director and Engineering and Development Services at the City of Cranbrook. “We invite businesses to take advantage of this opportunity to reduce their carbon footprint and operational costs while building a low carbon business.”
With its focus on growing technology and innovation within the region, Cranbrook is the hub of the Kootenays and offers countless opportunities to invest in or expand operations within emerging and government-supported industries.
By investing in B.C., companies can connect to a resilient and integrated grid, which helps to minimize operational downtime while powering with renewable energy.
BC Hydro is an integrated electric utility that offers favorable and competitive industrial rates.
Together with specialized funding and incentives, B.C. is among the lowest cost jurisdictions in North America.
With over 98% of the power generated from clean and renewable hydroelectricity, companies that invest in B.C. can achieve their ESG targets while enjoying the benefits of a stable economy and a welcoming government.
For more information on investment opportunities in Cranbrook, visit the City of Cranbrook website or contact the Economic Development office. www.choosecranbrook.ca
– Article includes statement from the City of Cranbrook
– Darren Brewer, Economic Development Officer for the City of Cranbrook
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