HARPER GOVERNMENT LAUNCHES $1-BILLION FUND TO HELP FORESTRY AND OTHER COMMUNITIES AT RISK ACROSS CANADA
“Our Government knows the challenges western families and communities are facing because of the global economic downturn,” said Minister of State Yelich. “That’s why our Government is taking action and delivering the Community Adjustment Fund to help create jobs and maintain employment in our communities.”
The Community Adjustment Fund will deliver a total of $1-billion over the two years to local economies throughout Canada. The fund will provide $306-million over two years to support the most affected western Canadian communities.
“The Peace Country has numerous communities that are dependent on resource-based sectors,” said Chris Warkentin, Member of Parliament for Peace River. “The Community Adjustment Fund will provide much needed stimulus to severely impacted areas and help mitigate some of the existing challenges.” Projects to be funded under CAF could include reforestation activities, investments in machinery or equipment, demonstration of new technologies, and initiatives to improve market access for products.
“The Community Adjustment Fund is one of several initiatives from Canada’s Economic Action Plan that addresses immediate community needs,” said the Honourable Rona Ambrose, Minister of Labour. “Our Government is committed to ensuring that Alberta’s communities are vibrant places to live, work and raise families ."
The Community Adjustment Fund will also build on the ongoing work of existing federal programs and initiatives such as the $170-million fund for forest products market diversification and innovation, and programs delivered by Western Economic Diversification Canada.
Western Economic Diversification (WD) will deliver the fund in the four western provinces. Program and applications details may be obtained at http://www.wd-deo.gc.ca. Project proposals are due by June 5, 2009 and projects needing more time to develop have until June 26, 2009.
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