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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