Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

September 13, 2016 17:30 ET

The Government of Canada supporting local economic development

The Corporation de developpement economique communautaire de Quebec can rely on steady funding over the next three years

QUÉBEC CITY, QUÉBEC--(Marketwired - Sept. 13, 2016) - Canada Economic Development for Quebec Regions (CED)

The Government of Canada has committed to investing in job creation to grow the economy and increase the prosperity of Canadians. It is aware that communities need to strategically diversify by capitalizing on innovation to develop sustainable regional competitive advantages. Support for local community economic development is a Government of Canada priority.

Acting on behalf of the honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, Joël Lightbound, MP for Louis-Hébert, confirmed that a three-year agreement had been signed with the Corporation de développement économique communautaire (CDEC) de Québec for financial assistance in the form of a non-repayable contribution of $712,500 that the organization will use to support economic development in the community.

More specifically, the contribution provided under CED's Quebec Economic Development Program (QEDP) will help the CDEC de Québec develop and implement original solutions adapted to the area's devitalization issues, while supporting the emergence and consolidation of community businesses.

Quotes

"I am very pleased that the agreement between the Government of Canada and the CDEC de Québec has been renewed. For the next three years, the organization will be able to carry out its mission and contribute to economic growth and job creation within the community."

- Joël Lightbound, MP for Louis-Hébert

"I am very pleased that the Government of Canada is renewing its support to CDEC de Québec. The financial stability this ensures will help the organization focus on achieving its priority objectives, and that will translate into a diversified local economy."

- The Honourable Navdeep Bains, Minister responsible for CED

CED is one of six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

Related links

For further information on the QEDP: http://www.dec-ced.gc.ca/eng/programs/qedp/index.html

CDEC de Québec website: http://CDECdequebec.qc.ca/

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