Backgrounder: ACOA invests in COVID-19 relief, key sectors, communities, and building an inclusive economy in 2021

Backgrounder

In 2021, between January 1 and December 31, the Government of Canada, through ACOA invested more than $314 million in targeted support to help the region rebuild and recover from COVID-19, stimulate local economies, protect and create jobs, and grow an inclusive and resilient economy for all Atlantic Canadians.

Below are ACOA’s investments in 2021 by program:

Program # of Projects Approved Value of Assistance # of Organizations Supported # of Jobs Created # of Jobs Maintained
Regional Relief and Recovery Fund 177 $48,184,507 172 33 3273
Canadian Seafood Stabilization Fund 11 $2,431,886 11 8 297
Black Entrepreneurship Program 2 $5,249,390 2 7 1
Regional Air Transportation Initiative 13 $40,000,000 13 0 237
Aerospace Regional Recovery Initiative 1 $900,000 1 9 0
Canada Community Revitalization Fund 222 $15,619,283 215 43 6
Jobs and Growth Fund 46 $19,421,549 46 188 93
Tourism Relief Fund 69 $7,988,398 69 52 516
Atlantic Policy Research Initiative 7 $590,098 6 0 0
Business Development Program 64 $11,371,583 52 17 344
Canadian Coal Transition Initiative 14 $9,702,082 13 204 0
Canadian Experience Fund 6 $270,000 6 0 0
Community Futures  4 $2,825,054 1 0 10
Innovation Communities Fund 91 $20,180,697 87 50 228
Regional Economic Growth through Innovation 598 $129,536,857 500 630 485

Contacts

Marianne Blondin
Press Secretary
Office of the Minister of Official Languages and of
the Atlantic Canada Opportunities Agency
Marianne.Blondin@acoa-apeca.gc.ca

Media Relations
Atlantic Canada Opportunities Agency
mediaroom-salledesmedias@acoa-apeca.gc.ca

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