MINISTER SAADA ANNOUNCES $240,000 IN FUNDING TO EXTEND THE RURAL ENTERPRISE PROGRAM

News Release

Baie-Comeau, Quebec, March 21, 2005 -- The Honourable Jacques Saada, Minister of Canada Economic Development and Minister responsible for the Francophonie, took the opportunity while in Baie-Comeau last March 17 to announce a $240,000 financial contribution to three North Shore Community Futures Development Corporations (CFDCs) to ensure the continued operation of the Rural Enterprise Program until March 31, 2006. "The Rural Enterprise Program is an important lever of development and this one-year extension will enable the CFDCs to pursue their efforts to preserve and enhance the social and economic vitality of small North Shore communities. These CFDCs are key economic development partners for the Agency and we are extremely proud of the hard work and commitment they bring to communities in the North Shore," stated the Minister. This additional funding will enable the Manicouagan, Haute Côte-Nord and Côte-Nord CFDCs to pursue their activities to promote entrepreneurship and economic leadership and to support project startups in small communities with populations of less than 10,000 inhabitants. To date, the Rural Enterprise Program has contributed to the realization of 53 projects and ensured the creation and maintenance of 49 jobs in the North Shore region. 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 February 2005 federal budget. - 30 - Sources: Claudi LamontagneCommunicationsCanada Economic DevelopmentTel.: 418 722-3282 or 1 800 463-9073 claudie.lamontagne@dec-ced.gc.caDaniel DezaindePress SecretaryOffice of The Honourable Jacques SaadaCanada Economic Development Tel.: 514 496-1282

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2016-12-15

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MINISTER SAADA ANNOUNCES $240,000 IN FUNDING TO EXTEND THE RURAL ENTERPRISE PROGRAM

News Release

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