Haldimand County Announces a Community Vibrancy Fund and Support for Renewable Energy Investment in the Local Community

HALDIMAND COUNTY, ON, Sept. 19, 2011 /CNW/ - Haldimand County and a group of renewable energy companies are pleased to announce a historic agreement. The agreement between the County and Capital Power Corporation, Niagara Region Wind Corporation, Pattern Energy and Samsung is one of the first in the Province of Ontario and a landmark in the relationship between municipalities and renewable energy providers.

The County recognizes the significant economic benefits these renewable energy companies are bringing to the local community. This group of renewable energy companies will inject close to $200 million dollars in new revenue to the County and its residents over the next two decades in the form of new tax revenue, land lease payments and through direct contributions to Haldimand's newly established Community Vibrancy Fund.

The Community Vibrancy Fund will see the renewable energy companies permitting projects in Haldimand County contribute over $40 million dollars to benefit the residents of the County over the next two decades. These funds will be earmarked for Council approved community related projects and other community needs as determined by Council. The agreement is subject to Council ratification and the signing of individual agreements with each proponent.

Additionally, the renewable energy companies have agreed to hire local suppliers of labor and materials, to the extent available and competitive for the construction and operation of the projects.

According to Mayor Ken Hewitt, this landmark agreement provides many benefits to Haldimand County and its residents.  He states "it balances the needs of our residents with the need for prosperity and sustainability for Haldimand County. This will be good for Haldimand County's business community and help to create good jobs locally."

Mayor Hewitt stated that all parties "are excited about the future for renewable energy projects in the area and the positive spin-offs for Haldimand County."

Haldimand County CAO, Don Boyle, noted that as part of the agreement, renewable energy companies will be tendering locally for products and services.  He also stated that "as these green energy projects go forward, local job fairs will be held to assist both job seekers in attaining these good jobs and the renewable energy companies to fill their need for qualified staff.  It's a win-win."

SOURCE Haldimand County

For further information:

Haldimand County Media contact
Don Boyle, CAO Haldimand County
905-318-5932 ext. 220
dboyle@haldimandcounty.on.ca

Renewable Energy Companies Media Contact
Randi Rahamim
416-795-0066
rrahamim@bridgepointgroupltd.com

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