Supporting information on lower-level programs

Innovation and Commercialization

Description

Raising the levels of research and development and of innovation in the region is fundamental to increasing Atlantic Canada’s competitiveness and to closing the productivity gap with the rest of the country. The Agency invests in innovation and commercialization by supporting the research and development of new products, services and processes as well as their commercialization in the marketplace. The Agency also provides support for the adoption and adaptation of leading-edge technologies. Clients include businesses and organizations such as universities and research institutes. This sub-program uses funding from the following transfer payments: the Atlantic Innovation Fund and the Business Development Program.

Planned results

Expected Result Performance Indicator Annual Target 2017-18 Date to Achieve Target Actual Result 2013-14 Actual Result 2014-15 Actual Result 2015-16
Strengthened innovation and commercialization capacity in Atlantic Canada Amount leveraged per dollar invested by ACOA in innovation projects $1.25 March 31, 2018 $1.83 $1.42 $1.07
Number of key collaborators for technology development and commercialization through Atlantic Innovation Fund projects 15 March 31, 2018 not applicable 4 18
Five-year Target 2015-16 through 2019-20
Dollar amount of revenues resulting from commercialization $150,000,000 March 31, 2020 not applicable $192,000,000 not applicable

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
91,201,881 86,301,881 85,301,881

Human Resources (FTEs)

2017-18 2018-19 2019-20
76 76 76

Productivity and Growth

Description

The Agency invests in productivity and growth to enhance Atlantic Canadians’ access to the information, business skills and financing they require to start and/or grow a business. This enables businesses to get established, become more productive and grow, which generates wealth and jobs in the economy. Investments in productivity and growth are made directly by helping businesses to increase competitiveness through activities such as productivity improvement, expansion, modernization, business skills development, training and hiring skilled personnel, and indirectly through contributions to non-profit organizations such as business and economic development associations that undertake activities that foster business productivity and growth. The Agency also administers Canada Business, which acts as a comprehensive source of information on government services, programs, regulations and resources for businesses. By reducing the complexity of dealing with various levels of government, Canada Business plays a role in the business development process. This sub-program uses funding from the following transfer payment: the Business Development Program.

Planned results

Expected Result Performance Indicator Annual Target 2017-18 Date to Achieve Target Actual Result 2013-14 Actual Result 2014-15 Actual Result 2015-16
Enhanced Atlantic Canadian small and medium-sized enterprises’ productivity and growth capacity Amount leveraged per dollar invested by ACOA in commercial Productivity and Growth projects $1.50 March 31, 2018 $1.97 $1.64 $1.70
Percentage of participants in business skills development activities indicating that the activity improved their business skills 85% March 31, 2018 96% 87% 83%
Percentage points by which the growth in sales of ACOA-assisted firms exceeds that of comparable firms not assisted by ACOA 3 March 31, 2018 3.6 3.9 3.5

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
55,310,351 55,310,351 55,310,351

Human Resources (FTEs)

2017-18 2018-19 2019-20
93 93 93

International Business Development

Description

Canada’s Global Markets Action Plan identifies global value chains and new economic forces as offering opportunities while recognizing increased competition for Canada. To strengthen the country’s position in international markets, the strategy prescribes taking advantage of emerging global opportunities and reinforcing Canada’s image internationally as a preferred business partner and premier investment destination. Consistent with this strategy, the Agency pursues international opportunities with a view to increasing the number of exporters and the volume of export sales, to attracting foreign direct investment and to supporting the international commercialization of technology. Further, the Agency promotes Atlantic Canada abroad as a world leader in energy production, export and research, as a centre of innovation, as a skilled labour pool, as a reliable supplier of quality products at competitive prices and as the gateway to the North American market. The Agency also plays a role in coordinating the efforts of federal, provincial and private-sector organizations in Atlantic Canada in pursuing international business opportunities. Clients include businesses, non-profit organizations, learning and research institutions, and provincial governments. This sub-program uses funding from the following transfer payment: the Business Development Program.

Planned results

Expected Result Performance Indicator Annual Target 2017-18 Date to Achieve Target  Actual Result 2013-14  Actual Result 2014-15  Actual Result 2015-16
Expanded export activity by small and medium-sized enterprises in Atlantic Canada Percentage of commercial International Business Development projects that met expectations, thus contributing to expanded export activity 75% March 31, 2018 not applicable 67% 69%
Percentage of small and medium-sized enterprises that expanded their international sales within 12 months of participating in an International Business Development activity 50% March 31, 2018 not applicable 64% 84%
New foreign direct investment opportunities in Atlantic Canada Number of foreign direct investment transactions completed (deals closed) where ACOA’s support contributed to bringing the project to fruition 8 March 31, 2018 9 17 16

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
23,546,691 23,559,691 23,679,691

Human Resources (FTEs)

2017-18 2018-19 2019-20
53 53 53

 

Community Investment

Description

To be sustainable and to grow, communities must take responsibility for their own economic development future. They must have the capacity and resources available to them at a local level to lead the community development process as well as to invest in those initiatives that stimulate their economic development. These communities include geographic communities and communities of interest such as industry sectors, non-profit organizations and Aboriginal and francophone organizations. The Agency works with these communities, assisting them to develop their own vision for economic growth through targeted planning and by making strategic investments toward increasing the human capacity present in the community, including skills development, training and coordination, as well as physical capacity (i.e. community infrastructure). This sub‑program uses funding from the following transfer payments: the Innovative Communities Fund, the Business Development Program.[1]

Planned results

Expected Result Performance Indicator  Annual Target 2017-18 Date to Achieve Target Actual Result 2013-14 Actual Result 2014-15 Actual Result 2015-16
Communities respond to economic and business development opportunities and challenges Amount leveraged per dollar invested by ACOA in Community Investment projects $1.50 March 31, 2018 $1.93 $1.95 $2.13

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
86,768,084 69,948,084 69,948,084

Human Resources (FTEs)

2017-18 2018-19 2019-20
84 84 84

 

Community-based Business Development

Description

The lack of business capital available in rural regions of Canada has the potential to be a significant economic development barrier. It impedes the establishment and expansion of small businesses that are essential to the vitality and sustainability of communities in rural areas. The Agency provides targeted support to community-based non-profit organizations to address investment capital gaps that focus on small businesses. The Agency provides contributions to a network of Community Business Development Corporations (CBDCs) in Atlantic Canada that are run by community-based volunteer boards of directors. CBDCs provide an essential source of investment capital that focuses on small rural businesses as well as services that include business counselling and skills development. In addition, the Agency assists Aboriginal communities by improving access to capital for small and medium-sized Aboriginal businesses. This sub-program uses funding from the following transfer payments: the Community Futures program, the Innovative Communities Fund and the Business Development Program.

Planned results

Expected Result Performance Indicator  Annual Target 2017-18 Date to Achieve Target Actual Result 2013-14 Actual Result 2014-15 Actual Result 2015-16
Strengthened and expanded businesses Percentage points by which the employment growth of CBDC-assisted clients exceeds that of comparable firms not assisted by CBDCs 2 March 31, 2018 not applicable 4.1 3.3
Percentage points by which the growth in sales of CBDC-assisted clients exceeds that of comparable firms not assisted by CBDCs 5 March 31, 2018 4.2 4.7 0.7

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
17,784,060 17,784,060 17,784,060

Human Resources (FTEs)

2017-18 2018-19 2019-20
17 17 17

 

Policy

Description

Policy provides a solid base of understanding for the development of the Agency’s strategic priorities and initiatives, program design and input to national policy development and federal-provincial relations. This includes policy analysis and advice (including the development of policies and frameworks), economic analysis, research and stakeholder engagement. The policy function is carried out by officials in Moncton and Ottawa, as well as those in the regional offices located in the capitals of each Atlantic province. The Agency’s policy work is supported in part by a dedicated Agency fund that contributes to building policy research capacity in Atlantic Canada. This sub-program uses funding from the following transfer payments: the Atlantic Policy Research Initiative and the Business Development Program.

Planned results

Expected Result Performance Indicator  Annual Target 2017-18 Date to Achieve Target  Actual Result 2013-14  Actual Result 2014-15  Actual Result 2015-16
Well-informed policy decisions reflecting opportunities and challenges of the Atlantic Region’s economy while considering enterprise and community development potential Percentage of Policy activities that have met their objectives, thus contributing to the Policy expected result 80% March 31, 2018 100% 100% 100%

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
6,034,552 6,034,552 6,034,552

Human Resources (FTEs)

2017-18 2018-19 2019-20
33 33 33

 

Advocacy

Description

Federal decision-makers must understand and consider Atlantic Canada’s interests, and regional stakeholders must remain well-informed of federal government actions and of opportunities that are relevant to the economic interests of the region. The Agency’s advocacy activities aim to advance the region’s interests in national policy and program development. In the case of federal government procurement, particularly major Crown projects, the Agency advocates to leverage industrial benefits for small and medium-sized Atlantic Canadian businesses.

Planned results

Expected Result Performance Indicator  Annual Target 2017-18 Date to Achieve Target Actual Result 2013-14  Actual Result 2014-15  Actual Result 2015-16
Atlantic enterprise and community development interests are considered in emerging and changing federal economic policies, programs and regulations Percentage of Advocacy activities that have met their objectives, thus contributing to the Advocacy expected result 75% March 31, 2018 not applicable 100% 100%

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
3,245,572 2,970,572 2,720,572

Human Resources (FTEs)

2017-18 2018-19 2019-20
22 22 22

Coordination

Description

The Agency is mandated by legislation to coordinate the policies and programs of the Government of Canada in relation to opportunities for economic development in Atlantic Canada. The coordination function engages a range of economic partners to address the economic priorities of Atlantic Canada through a coherent and collaborative approach to development, including federal-provincial initiatives, round tables and expert panels. The Agency coordinates with other federal departments on regional development efforts and through the Atlantic Federal Council on Government of Canada priorities.

Planned results

Expected Result Performance Indicator  Annual Target 2017-18 Date to Achieve Target Actual Result 2013-14 Actual Result 2014-15 Actual Result 2015-16
Coordination of partners in addressing the economic priorities of Atlantic Canada through a coherent approach to development Percentage of Coordination activities that have met their objectives, thus contributing to the Coordination expected result 75% March 31, 2018 100% 100% 100%

Budgetary Financial Resources (dollars)

2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
1,686,150 1,686,150 1,686,150

Human Resources (FTEs)

2017-18 2018-19 2019-20
13 13 13

[1] From April 1, 2016, until March 31, 2018, this sub-program will also use funding from the Canada 150 Infrastructure Program.

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