KITCHENER, ON, Aug. 27 /CNW/ - Residents of communities across Southern
Ontario will benefit from new economic stimulus projects worth up to $102
million in 2009-2010 under the Government of Canada's Economic Action Plan.
The Honourable Gary Goodyear, Minister of State for the Federal Economic
Development Agency for Southern Ontario (FedDev Ontario) today announced
details of this new funding at the Conestoga College Main Campus in Kitchener.
"These investments will create jobs and strengthen the economy of
Southern Ontario," said Minister of State Goodyear. "I look forward to working
with the people, businesses and communities of Southern Ontario to help our
region prosper now and in the future."
Funds are being invested through the Community Adjustment Fund (CAF), and
it is the government's intention to support a total of 90 projects in
communities across Southern Ontario. These investments will create immediate
employment opportunities and support local economies in communities throughout
Southern Ontario that have been struggling with the effects of the global
Specifically, the Minister of State announced more than $3.3 million in
CAF funding in support of the construction of a 12,000-square foot skilled
trades training centre for the Conestoga College Institute of Technology and
Advanced Learning in Ingersoll.
"We are pleased to be a part of this joint venture with the Town of
Ingersoll, which will allow us to offer programs not currently existing in
Southwestern Ontario," said Dr. John Tibbits, President of Conestoga College.
"These programs will assist unemployed Ontarians, youth in search of future
career opportunities, as well as adults transitioning into new careers."
CAF is just one in a series of initiatives introduced in the Government
of Canada's Economic Action Plan designed to address the short-term effects of
the economic decline on communities across Canada, while preparing our
communities for long-term growth. In Ontario, CAF will provide $348.9 million
over two years to support adjustment measures in communities most affected by
the global economic downturn.
Approved projects must meet the terms and conditions set out in their
funding agreements. A complete list of approved projects in Southern Ontario
will be made available online at www.ic.gc.ca/caf on September 10, 2009.
The new Federal Economic Development Agency for Southern Ontario (FedDev
Ontario) is responsible for delivering CAF in Southern Ontario. Applications
for 2010-2011 CAF project funds will be accepted by FedDev Ontario later this
year. A public announcement will be made once details are finalized.
This news release is available online at www.ic.gc.ca/caf and
For further information:
For further information: Gary Toft, Director of Communications, Office
of the Honourable Gary Goodyear, (613) 943-7599; Media Relations, Industry
Canada, (613) 943-2505