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What does Western Economic Diversification do?

Western Economic Diversification Canada (WD) is the federal department that promotes economic growth in Western Canada. Its programs and services help businesses, not-for-profits and communities grow stronger.

What countries diversify economy?

Country rankings RankCountryEconomic complexity index (2018)1Japan2.432Switzerland2.173South Korea2.114Germany2.0995 more rows

What is WD funding?

Western Economic Diversification (WD) Canada's programs offer grants and loans to companies, not-for-profits and communities. These funds help grow Western Canada's economy and improve the quality of life for all western Canadians.

What is the importance of economic diversification?

Economic diversification is a key element of economic development in which a country moves to a more diverse pro- duction and trade structure. A lack of economic diversification is often associated with increased vulnerability to external shocks that can undermine prospects for longer-term economic growth.

What is BSP funding?

BSP supports high-growth* businesses that are scaling up and producing innovative goods, services or technologies. It offers interest-free, repayable funding to incorporated businesses.

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