Canada Economic Development

Canada Economic Development

March 21, 2005 10:16 ET

CED: Minister Saada Announces $240,000 in Funding to Extend the Rural Enterprise Program



MARCH 21, 2005 - 10:16 ET

CED: Minister Saada Announces $240,000 in Funding to
Extend the Rural Enterprise Program

BAIE-COMEAU, QUEBEC--(CCNMatthews - 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 March 2004 federal

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Contact Information

    Canada Economic Development
    Claudie Lamontagne
    (418) 722-3282 or 1 800 463-9073
    Canada Economic Development
    Office of the Honourable Jacques Saada
    Daniel Dezainde, Press Secretary
    (514) 496-1282