Programs Quarterly Infographic - 2021 Q1

This is an infographic of investments made by the Atlantic Canada Opportunities Agency, or ACOA, in the first quarter of 2021, or between January 1 and March 31, 2021.

Investments by Program:

• $216,975 were invested through the Atlantic Policy Research Initiative, or APRI;
• $673,584 were invested through the Business Development Program, or BDP;
• $347,654 were invested in the Atlantic Trade and Investment Growth Agreement, or ATIGA, through the BDP;
• $1.5 million were invested under the Community Futures program through the Community Business Development Corporations, or CBDCs;
• $4,344,165 were invested under the Innovative Communities Fund, or ICF;
• $94,604,730 were invested under the Regional Economic Growth through Innovation, or REGI, program.

For a total program investment of $101,687,108

 

Investments by location:

• In New Brunswick, $36,221,354 were invested into 122 projects, resulting in an estimated 1,192 jobs created or maintained;
• In Nova Scotia, $26,434,901 were invested into 120 projects, resulting in an estimated 997 jobs created or maintained;
• In Newfoundland and Labrador, $24,942,692 were invested into 100 projects, resulting in an estimated 1,465 jobs created or maintained;
• In Prince Edward Island, $11,356,578 were invested into 71 projects, resulting in an estimated 163 jobs created or maintained;
• 12 projects covering all of Atlantic Canada received investments totalling $2,731,582.
• Of the total amount of ACOA investments in the first quarter, $101,687,108 were invested in 425 projects, resulting in an estimated 3,817 jobs created or maintained.

 

First quarter sector highlights for program investments in tourism and cultural industries:

• A total of $128,342,189 were invested in 136 tourism and cultural industry projects, resulting in an estimated 2,196 jobs created or maintained.

 

ACOA investments in COVID-19 relief and recovery for the one-year period from April 1, 2020 to March 31, 2021:

• $112,625,020 were invested in the Regional Relief and Recovery Fund (RRRF) originating from the REGI Business and Scale-up and Productivity stream;
• $36,537,599 were invested in the RRRF originating from the REGI Regional Innovation Ecosystem stream;
• $81,600,000 were invested in the RRRF through Community Futures funding;
• $45,865,603 were invested in the Canada Seafood Stabilization Fund (CSSF) through the REGI Business Scale-up and Productivity stream;

For total COVID-19 relief and recovery funding of $276,628,223 from April 1, 2020 to March 31, 2021.

 

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