A popular landing pad for immigrants to the west coast of Canada, Surrey is tracking to become the most populous city in British Columbia as soon as 2029, with a projected population of up to one million by 2042.
“Surrey is the fastest growing city in British Columbia,” affirms Randeep Sarai, a member of parliament for Surrey Centre.
Recognizing this rapidly growing region, the federal government recently announced more than $9 million in funding for three Surrey-based businesses, including dairy maker Nanak Foods, health supplement maker Dr. Ma’s Laboratories, and an eco-technology innovator.
“Amazing things are happening in Surrey,” stated minister Harjit Sajjan. “[Our] investment in Surrey means that local companies can scale up at home, creating cutting-edge innovation and quality jobs right here in the Fraser Valley.”
The influx of capital, which hails from a combination of the Pacific Economic Development Agency of Canada’s Business Scale-up and Productivity Program and its Jobs and Growth Fund, includes $1.3M for LED Smart, a maker of energy-efficient lighting systems for a range of applications, from agricultural to military.
The PacifiCan funding is specifically targeting a boost for LED Smart’s Grow3 product, which replicates sunlight to produce high-quality crops in greenhouses and vertical farms.
The investment is expected to help bring Grow3 to mass production, spurring the creation of quality jobs in BC, according to an official statement from the Canadian government.
“[This] investment is a prime example of how Surrey is at the forefront of being home to innovative entrepreneurs in diverse sectors who are contributing to British Columbia’s vibrant economy,” commented Sukh Dhaliwal, Member of Parliament for Surrey—Newton. “The future of Surrey entrepreneurs and manufactures is bright, and we are here to be a part of this evolution.”
PacifiCan is a federal economic development agency dedicated to British Columbians. The Business Scale-up and Productivity program makes strategic investments to help innovative companies accelerate growth and compete globally, while the Jobs and Growth Fund supports job creators and organizations that support them.
LED Smart was founded in 1995.
Leave a Reply