GOVERNMENT OF CANADA INVESTS $40,000 IN VAL SAINT-CÔME TOURIST RESORT PROJECT

News Release

Softwood Industry and Community Economic Adjustment Initiative contribution program Saint-Côme, Quebec, September 27, 2004 -- The Honourable Jacques Saada, Minister of Canada Economic Development and Minister responsible for the Francophonie, today announced that Canada Economic Development is making a $40,000 non-repayable contribution to Station touristique Val Saint-Côme under the Softwood Industry and Community Economic Adjustment Initiative. This financial assistance will enable the tourist resort to consolidate and enhance its position on the organized group market by placing top-quality facilities at its clientele's disposal and integrating its services (ski school, daycare and infirmary) under one roof. Implementation of this project will translate into the injection of new investment in the Lanaudière region and the creation of five new short-term jobs. The resort's activities will foster the development of new products outside the forest industry in the region. 'The softwood lumber crisis is a constant concern for the Government of Canada,' stated the Minister. 'We have reacted by taking local needs into account and setting up measures totalling $341.5 million in Canada to mitigate the impact of the crisis. The Softwood Industry and Community Economic Adjustment Initiative contribution program is a case in point. This measure is intended to generate long-term economic spinoffs in the regions and communities affected, as well as enabling communities to adjust to job losses and diversify their economies.' By generating substantial long-term spinoffs, particularly in Matawinie, an area hard hit by the lumber dispute, the Val Saint-Côme tourist resort project dovetails with the Government of Canada's priorities. It is also fully in line with the local desire to further energize their region's economic development, notably by consolidating and enhancing its tourism facilities. Canada Economic Development's mandate is to promote the economic development of the regions of Quebec. Primarily through financial assistance programs, the Agency elicits and supports the implementation of economic development projects. The two priorities the Agency has set itself are to foster innovation and the knowledge economy in each region of Quebec, and to help communities that are having difficulty adjusting to the new economy. In this way, the Agency contributes to the attainment of the Government of Canada's objective of building the 21st Century economy. Funding for this initiative was provided for in the March 2004 federal budget. - 30 - Sources: Nathalie JutrasCommunicationsCanada Economic Development(514) 283-2800Jean-François Del TorchioPress SecretaryOffice of the Honourable Jacques Saada(514) 496-1282

Search for related information by keyword

Canada Economic Development for Quebec Regions Society and Culture Economics and Industry

Page details

2016-12-15

We have archived this page and will not be updating it.

We have archived this page and will not be updating it.

GOVERNMENT OF CANADA INVESTS $40,000 IN VAL SAINT-CÔME TOURIST RESORT PROJECT

News Release

Page details