May 14, 2009
New Westminster, British Columbia
Canadian workers, families and businesses in communities that are hardest hit by the global recession will be able to pursue new economic opportunities in their communities thanks to the Community Adjustment Fund, a major job-creating investment contained in the Harper Government's Economic Action Plan.
"The global recession has severely affected many individuals and families, especially in communities that depend on single industries such as forestry," said the Honourable Lisa Raitt, Minister of Natural Resources. "The Community Adjustment Fund will inject new money as quickly as possible into communities across Canada in order to create jobs and support economic renewal in the communities that are hardest hit.
The Community Adjustment Fund will deliver a total of $1 billion over two years to local economies throughout Canada. While in New Westminster, Minister Raitt announced that British Columbia's share of this funding will be $125.2 million.
View the complete Natural Resources Canada news release and backgrounder:
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