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By Jessica Clark

AIOC Mandate Expands to Tourism

Minister of Indigenous Relations Rick Wilson issued the following statement on the expansion of the Alberta Indigenous Opportunities Corporation’s (AIOC) mandate:

“Over the past five years, the Alberta Indigenous Opportunities Corporation has had great success in facilitating investments in natural resources and is ready to leverage investments in agriculture, telecommunications and transportation projects with up to $3 billion in loan guarantees.

“Building on the achievements of the AIOC, I am thrilled to announce that the AIOC’s mandate is now expanding to include tourism. With a growing interest in Alberta’s tourism sector, and a high global demand for authentic cultural and land-based tourism, it makes sense to expand the AIOC’s mandate to include Indigenous investment in major tourism projects.

“This new focus will open doors to even more opportunities for Indigenous communities to be partners in prosperity while showcasing their rich cultures, histories, and traditions to the world.

“Tourism is a powerful driver of economic growth, and with the AIOC’s support, we can ensure that Indigenous communities are at the forefront of this vibrant industry.”

Read on the Government of Alberta website.