2017-18 Departmental Plan
Plans at a glance
The Atlantic Canada Opportunities Agency (ACOA) is the federal department responsible for the Government of Canada’s economic development efforts in the provinces of New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador.
As part of the Innovation, Science and Economic Development (ISED) portfolio, ACOA supports the implementation of the Government of Canada’s Innovation Agenda and the Atlantic Growth Strategy through the Agency’s programming, which are aimed at growing the Atlantic Canadian economy and strengthening the region’s middle class. ACOA plays a key role in organizing and implementing a whole-of-government approach, working closely with federal and provincial partners to build on the region’s strengths and competitive advantages in support of growth and prosperity.
With its 590 full-time equivalents (FTEs), ACOA plans on spending $311,544,944 in 2017-18 on its organizational priorities, which will focus on achieving the Government of Canada’s objectives in the key areas outlined below. ACOA’s priorities and key activities build on the Agency’s past performance, and integrate lessons learned and recommendations from reviews and evaluations. Human and financial resources are attributed to priorities and planned activities, in order to achieve expected results. ACOA will be transitioning to a new reporting structure in 2017-18, which will enable better alignment with these objectives and reporting on the achievement of expected results.
Innovation, Growth and Export Development
ACOA will invest in the innovation and growth of small and medium-sized enterprises (SMEs) in Atlantic Canada by:
- focusing on the development of talent, business skills, and entrepreneurial culture; and
- targeting strategic support for high-potential firms, as well as incubators and accelerators.
The Agency will accelerate clean growth in Atlantic Canada through investments in the development and adoption of clean technologies.
ACOA will maximize international business opportunities by:
- investing in the creation and market diversification of exporters;
- supporting the attraction, retention and expansion of foreign direct investments; and
- fostering readiness, preparedness and market engagement.
Diversification of Communities
The Agency will develop and diversify communities by making strategic investments in:
- emerging, knowledge-based, and established resource-based sectors;
- key areas such as tourism, innovation, clean tech; and
- local infrastructure that builds on the region’s competitive advantages.
ACOA will strengthen community planning and capacity-building to stimulate the sustainable and inclusive growth of communities. This will be done by working in partnership with key community stakeholders, francophone minority communities, Indigenous and immigrant communities, and youth to foster entrepreneurship, talent attraction and retention.
Collaborating and Engaging with Partners to Strengthen the Region’s Economy
The Agency will continue to capitalize on key opportunities by analyzing regional competitive advantages, engaging stakeholders, advancing the region’s interests in national policy and program development, and supporting decision-makers with rigorous analysis, evidence-based policies and local intelligence.
ACOA will implement the Atlantic Growth Strategy in collaboration with the four Atlantic provincial governments, other federal departments, and other stakeholders, with a particular focus on innovation, clean growth and climate change, tourism, as well as trade and investment.
The Agency will support long-term growth in Atlantic Canada by facilitating a whole-of-government approach, maximizing federal industrial investments that build on the region’s competitive advantages, and actively pursuing the development of innovative eco-systems, networks and clusters.
For more information on ACOA’s plans, priorities and planned results, see the Planned Results section of this report.
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