Investments help Fredericton businesses grow and create jobs
News release
May 3, 2022 · Fredericton, New Brunswick · Atlantic Canada Opportunities Agency (ACOA)
A key part of Canada’s economic recovery is supporting businesses as they adapt, grow and move forward from the COVID-19 pandemic. Small and medium-sized businesses and the organizations that support them represent the backbone of regional economies. They generate quality local jobs and are a source of pride for their communities. To do so, businesses and entrepreneurs need a strong foundation, built on technological innovation, inclusivity, and clean growth to create the workforce of the future.
Federal investments support business growth
Today, Jenica Atwin, Member of Parliament for Fredericton, announced a total investment of $1,200,964 through the Jobs and Growth Fund (JGF) for seven projects in Fredericton that are expected to create up to 66 new jobs. The announcement was made on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA.
For the full list of projects, please see backgrounder.
Launched in July 2021, the Jobs and Growth Fund (JGF) provides $700 million over three years to Canada’s regional development agencies to support a regional response and stimulate economic recovery following the COVID-19 crisis by investing in projects that will help to create jobs. Through the JGF, the Government of Canada aims to support the transition to a green economy, foster an inclusive recovery, enhance competitiveness, and create jobs in every corner of the country.
Quotes
“The Government of Canada recognizes that the vitality of our business communities across Canada is key to economic recovery. Investing in local businesses and the organizations that support them helps create jobs, supports inclusive and clean growth opportunities, and builds resiliency so that companies are well equipped for future growth.”
- The Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA
“Investing to help job creators prepare for future opportunities is critical to growing the Atlantic Canadian economy. This funding will help Fredericton businesses take advantage of new opportunities and jobs right here at home.”
- Jenica Atwin, Member of Parliament for Fredericton
Quick facts
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In Atlantic Canada, ACOA is delivering $70 million of the $700-million national Jobs and Growth Fund (JGF) to eligible businesses, non-profit organizations, community economic development partners, and Indigenous-led organizations and businesses, with projects that:
o support the transition to a green economy
o foster an inclusive recovery
o preserve Canada’s competitiveness and future-proof businesses through digital adoption
o strengthen capacity in sectors critical to Canada’s recovery and growth
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For more information on the application process, eligibility criteria and eligible expenses, or to apply for the JGF, reach out to your regional development agency.
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Canada’s regional development agencies are continuing to deliver targeted support for economic recovery in the region. Application intake is open through ACOA for the Canada Community Revitalization Fund, Jobs and Growth Fund, Aerospace Regional Recovery Initiative and Tourism Relief Fund.
Associated links
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
Ann Kenney
Senior Communications Officer
Atlantic Canada Opportunities Agency
Ann.Kenney@acoa-apeca.gc.ca
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