Supporting information on the program inventory – PrairiesCan 2023–2024 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 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.

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 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.

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; and
• 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 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.

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.