Canada Economic Development

Canada Economic Development

March 01, 2005 12:38 ET

Minister Saada Confirms $300-Million Increase in Canada Economic Development Budget Over Five Years



MARCH 1, 2005 - 12:38 ET

Minister Saada Confirms $300-Million Increase in
Canada Economic Development Budget Over Five Years

LONGUEUIL, QUEBEC--(CCNMatthews - March 1, 2005) -

To foster economic diversity of Quebec regions

On a visit to the Monteregie today, the Honourable Jacques Saada,
Minister of Canada Economic Development and Minister responsible for the
Francophonie, outlined once again the main points of the Government of
Canada's 2005 budget tabled this past February 23 by the Honourable
Ralph Goodale, Minister of Finance. As the guest speaker at a breakfast
meeting of Montreal's South Shore board of trade and industry, the
Chambre de commerce et d'industrie de la Rive-Sud, Mr. Saada took the
opportunity to confirm the $300-million increase in Canada Economic
Development's budget over five years.

Mr. Saada expressed his pleasure at this new funding, which will allow
Canada Economic Development to intensify and enhance its intervention in
the field, notably with a view to maintaining assistance for innovation
and the knowledge economy, supporting vulnerable communities and thus
contributing to local development.

"To my mind, regional development is first and foremost a human
activity," stated Mr. Saada. "The economy is not an end in itself, but
rather an instrument for enhancing individual and collective well-being.
Whether for developing entrepreneurship among young people, ensuring
deployment of markets, providing support for a community or backing the
growth of leading-edge sectors, Canada Economic Development, through its
14 business offices, lends its support in order to diversify a region's
economy and, above all, to ensure that everyone benefits."

The 2005 budget presents a balanced strategy for building a 21st-century
economy that will improve the well-being of all Canadians. "Our
commitments to Canadians are clear and ambitious," the Minister added.
"We will continue our work to develop a robust economy and secure our
social foundations, while ensuring a sustainable environment in a sound
fiscal framework."

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.

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Contact Information

    Canada Economic Development
    Suzanne Thebarge
    (514) 283-8210
    Canada Economic Development
    Office of the Honourable Jacques Saada
    Daniel Dezainde, Press Secretary
    (514) 496-1282