ACOA Priorities 2019

Support is provided through:

• Flexible tools and programs
• Repayable contributions to businesses
• Non-repayable contributions to community and support organizations
• Convening and pathfinding

ACOA’s budget in 2019-2020 is $352.7M and the Agency plans to invest $275.1M in businesses and communities.

ACOA has 28 service points across Atlantic Canada and 578 FTEs, including a small presence in Ottawa.

ACOA supports the government’s economic priorities:

• Targeted, integrated place-based approach
• Delivers programs to firms and communities
• Advocates for the interests of the region
• Supports federal-provincial collaboration
• Provides intelligence on the Atlantic economy to various federal institutions

ACOA supports businesses and communities

• Since 2015, ACOA has helped approximately 1500 businesses, creating or maintaining close to 8000 jobs in Atlantic Canada.
• Since 2015, ACOA has supported more than 500 communities.

ACOA is a key funding partner

• For each $1 invested by ACOA, other funders invested $1.44.

ACOA's impact on businesses

• Sales by ACOA-assisted firms grew by an average of 2.7% per year, compared to 0.3% for unassisted firms.
• Total exports by ACOA-assisted firms totalled $2.24 billion in 2016, an average increase of 7.6% per year since 2011.

ACOA’s current action areas:

• Advanced manufacturing
• Clean growth
• Startup ecosystem
• National programs
• Program simplification
• Ocean
• Food
• Immigration
• Tourism
• Indigenous economic development