Supporting Information on the Program Inventory - PrairiesCan 2022-2023 Departmental Plan
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Supporting information on planned expenditures, human resources, targets, and results related to Prairies Economic Development Canada’s program inventory.
Program 1.1: Innovation
Description
Introducing innovative new products, technologies or improvements to existing processes enhances business growth and competitiveness in the global marketplace. Prairies Economic Development Canada’s Innovation programming makes strategic investments with Prairies businesses, industry organizations and post-secondary institutions to enhance business innovation through research and development, and technology commercialization.
The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.
| Expected results | Performance indicators | Target | Date to achieve target | 2020-21 actual results | 2019-20 actual results | 2018-19 actual results |
|---|---|---|---|---|---|---|
| Prairie businesses are innovative | Business sales growth resulting from commercialization ($) | $24.7M | March 31, 2023 | $366.4.0M | $219.4M | $232.0M |
| Prairie businesses are innovative | Number of HQP (including STEM) jobs created | 1,310 | March 31, 2023 | 3,495 | 1,693 | 656 |
| 2022-23 Planned spending | 2023-24 Planned spending | 2024-25 Planned spending |
|---|---|---|
| 108,590,334 | 73,864,097 | 62,627,370 |
| Planned FTEs 2022-23 | Planned FTEs 2023-24 | Planned FTEs 2024-25 |
|---|---|---|
| 102 | 89 | 84 |
Program 1.2: Business Growth
Description
The Business Growth Program has two domains, which support Prairie businesses, industry and research organizations to enhance their productivity, participation in global markets, and competitiveness. The Trade, Investment and Market Access domain increases the Prairie’s participation in global markets, increasing awareness of the Prairie’s technology capabilities abroad and attracting foreign investment to the region. The Business Productivity domain supports Prairie businesses, not-for-profit organizations and industry, in initiatives to enhance productivity, competitiveness and the growth of Prairie businesses.
The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.
| Expected results | Performance indicators | Target | Date to achieve target | 2020-21 actual results | 2019-20 actual results | 2018-19 actual results |
|---|---|---|---|---|---|---|
| Prairie businesses are competitive and export their products/services | Export sales growth ($) | $194.7M | March 31, 2023 | $196.7M | $206.4M | $781.4M |
| Prairie businesses are competitive and export their products/services | Number of jobs created (#) | 2,129 | March 31, 2023 | 2,870 | 2,680 | 2,489 |
| 2022-23 Planned spending | 2023-24 Planned spending | 2024-25 Planned spending |
|---|---|---|
| 79,127,900 | 55,307,980 | 38,833,383 |
| Planned FTEs 2022-23 | Planned FTEs 2023-24 | Planned FTEs 2024-25 |
|---|---|---|
| 69 | 61 | 58 |
Program 1.3: Business Services
Description
The Business Services program consists of 6 Western Canada Business Service Network (WCBSN) members, which are independent organizations that receive financial support from Prairies Economic Development Canada to provide services to prospective and current entrepreneurs to help start, grow or expand small businesses across the Prairies. This network offers its services to residents of the Prairies region in over 100 locations. WCBSN members include:
- Community Futures (CF)
- Women’s Enterprise Initiative (WEI)
- Indigenous Business Development Services
- Francophone Economic Development Organizations
- Entrepreneurs with Disabilities Program
- Small Business Services
The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.
| Expected results | Performance indicators | Target | Date to achieve target |
2020-20 Actual results |
2019-20 Actual results |
2018-19 Actual results |
|---|---|---|---|---|---|---|
| Prairie businesses have access to advisory services and capital | Employment growth of PrairiesCan supported firms (percentage)table 7 note * | 4.5% | March 31, 2023 | 7.5% | 6.8% | 8.53% |
| Prairie businesses have access to advisory services and capital | Value of loans disbursed ($)table 7 note ** | $39.0M | March 31, 2023 | $210.3Mtable 7 note *** | $78.5M | $81.0M |
Table 7 Notes
|
||||||
| 2022-23 Planned spending | 2023-24 Planned spending | 2024-25 Planned spending |
|---|---|---|
| 30,147,952 | 33,651,021 | 33,150,675 |
| Planned FTEs 2022-23 | Planned FTEs 2023-24 | Planned FTEs 2024-25 |
|---|---|---|
| 42 | 42 | 42 |
Program 1.4: Community Initiatives
Description
The Community Initiatives program provides targeted funding to support economic development activities in communities across the Prairies. Programming in this area is often through dedicated, temporary supplementary funding from the Government of Canada or through the department’s own special allocations in response to the specific challenges that affect communities in the Prairies. It also provides community funding in the Prairies to build and renew infrastructure in rural and urban municipalities across Canada, allowing them to compete in the regional, national and global economy.
The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.
| Expected results | Performance indicators | Target | Date to achieve target |
2020-21 Actual results |
2019-20 Actual results |
2018-19 Actual results |
|---|---|---|---|---|---|---|
| Prairie communities have necessary public infrastructure and adjustment support to promote economic growth | Number of communities benefitting from infrastructure projects | 6 | March 31, 2023 | 41 | 87 | 48table 10 note * |
| Prairie communities have necessary public infrastructure and adjustment support to promote economic growth | Number of businesses created, maintained, or expanded | 5,548 | March 31, 2023 | 16,186table 10 note ** | 325 | N/A |
Table 10 Notes
|
||||||
| 2022-23 Planned spending | 2023-24 Planned spending | 2024-25 Planned spending |
|---|---|---|
| 190,577,754 | 61,348,038 | 32,119,525 |
| Planned FTEs 2022-23 | Planned FTEs 2023-24 | Planned FTEs 2024-25 |
|---|---|---|
| 46 | 40 | 38 |
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