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The Federal Reserve Board has announced funding of approximately $ 12 million to support the 2022 Calgary Stampede.

The Government of Canada has funded approximately $ 12 million to support the return of this year's full-scaleCalgary Stampede.

Canada's Prairie Economic Development Minister Daniel Vandal will provide a "real Western experience" on Thursday to represent Calgary's "unique community spirit" of $ 10.1 million. We have announced that we will support this year's Calgary Stampede.

According to the news release, funding will be provided by the Federal Government's major festival and event support initiatives and the Regional Relief and Recovery Fund to attract visitors and promote the economic interests of the region.

Read more: The Calgary Stampede Parade will return after a two-year cancellation by COVID-19.

"Our investment will support adaptation and enhancements that will enable the resurgence of a full-scale event next week," Vandal said at a press conference Thursday.

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"Everyone who has experienced Stampede this year will be back and tell friends and family how wonderful it is."

The Government of Canada is also 4 in Southern Alberta. An additional $ 1.8 million will be provided through the Tourism Relief Fund to support two tourism projects. According to Vandal, the money is intended to help tourism groups and attractions attract visitors to the state.

Read more:Calgary's BMO expansion amid concerns about stampede trail development

Funding Assigned to Chinook Blast, Calgary Heritage Park, Cochrane Tourism, Tourism Calgary, The Charm Resort of Crows Nest Pass will help enhance tourism activities.

"Such investments will rekindle the visitor economy by attracting more visitors, promoting further growth and strengthening the creation of economic opportunities throughout the state. Helps us, "Vandal said.

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