ST. JOHN'S, Feb. 14, 2014 /CNW/ - In a keynote speech today at the
Newfoundland & Labrador Employers' Council's annual Employer of
Distinction Awards luncheon, the Honourable Jason Kenney, Minister of
Employment and Social Development, congratulated award winners on their
success, highlighted the tremendous opportunities facing Newfoundland
and Labrador and outlined how Economic Action Plan 2014 will help the
province's economy continue to grow and create jobs.
The Newfoundland and Labrador economy has become a powerhouse in Canada,
leading the country in economic growth last year and being near the top
of employment gains in Canada since the depths of the global recession.
By returning the budget to balance next year, the Government of Canada
is strengthening Canada as a strong and stable fiscal climate that
encourages investment, economic growth and job creation.
Economic Action Plan 2014 includes a number of initiatives to ensure
workers in Newfoundland and Labrador have the skills needed to take
advantage of these opportunities. The creation of the Canada Apprentice
Loan will provide apprentices registered in their first Red Seal trade
with access to interest-free loans of up to $4,000 per period of
technical training. The new Flexibility and Innovation in
Apprenticeship Technical Training pilot project will explore ways to
allow apprentices to continue working while fulfilling the technical
training requirements of their programs. Additionally, Economic Action
Plan 2014 reaffirms the Government of Canada's commitment to create the
Canada Job Grant, which will result in employer-driven training that
leads to a guaranteed job.
According to the annual inventory of the Atlantic Provinces Economic
Council, $54 billion worth of major investment projects is being
developed in Newfoundland and Labrador—nearly half of all the major
investment projects in Atlantic Canada.
Last year, more than 1 100 new projects got off the ground—an increase
of 12 percent over the previous year.
Major projects in Newfoundland and Labrador injecting new money into the
province's economy are Hibernia, with its $6 billion in expenditures;
Terra-Nova, at $2.8 billion; and White Rose, at $2.35 billion.
"Our government's top priorities are creating jobs, economic growth and
long-term prosperity for Canadians. The Government of Canada will be
there to help Newfoundland and Labrador take advantage of the
tremendous opportunities available to it and is committed to ensuring
workers in Newfoundland and Labrador have the skills required to fill
the increasing number of jobs available in the province."
- The Honourable Jason Kenney, Minister of Employment and Social
Development and Minister for Multiculturalism
"The role of government is to create competitive conditions to generate
benefits for the people of Newfoundland and Labrador. The Newfoundland
& Labrador Employers' Council is extremely pleased to have Minister
Kenney join our Employer of Distinction Awards ceremony to discuss the
federal government's initiatives to connect Canadians with available
- Richard Alexander, Executive Director, Newfoundland & Labrador
Canada Job Grant
The Canada Job Grant will help Canadians get the training they need for
available jobs and put skills training decisions in the hands of
employers. It will provide up to $15,000 per person, which is
cost-shared by employers. The Grant will be flexible enough to meet the
needs of businesses of all sizes, in all industries and regions.
Businesses with a plan to train Canadians for an existing job or a
better job will be eligible to apply for a Canada Job Grant once
implemented in 2014.
The Canada Job Grant is strongly supported by employers and other
The Building and Construction Trades Department, AFL-CIO
National Association of Career Colleges
Canadian Federation of Independent Business
Canadian Manufacturers & Exporters
Canadian Construction Association
Information Technology Association of Canada
Progressive Contractors Association of Canada
Christian Labour Association of Canada
Canadian Home Builders' Association
Canadian Shipowners Association
Canadian Electricity Association
Canadian Institute of Plumbing & Heating
Prospectors and Developers Association of Canada
Chemistry Industry Association of Canada
Aerospace Industries Association of Canada
Economic Action Plan 2014
To help registered apprentices with the cost of their training and
encourage more Canadians to consider a career in the skilled trades,
the Canada Apprentice Loan will offer interest-free loans of up to
$4,000 per period of technical training and will defer interest charges
and loan repayment until the recipients complete or cancel their study
program. It is estimated that at least 26 000 apprentices per year will
apply for over $100 million in loans.
The Flexibility and Innovation in Apprenticeship Technical Training
pilot project will help reduce non-financial barriers to completing
training and obtaining certification by using new learning tools such
as in-class simulators, e-learning modules, remote learning sites and
video conferencing. This will help apprentices continue working and
earning while fulfilling the technical training requirements of their
study program. This project could potentially support up to 12
multi-year projects through reallocations of $13 million over four
years starting in 2014-2015.
The Government will ensure increased awareness of existing financial
supports available through Employment Insurance (EI) so apprentices can
start to receive benefits more quickly while on technical training.
Through EI's Supplemental Unemployment Benefit plan, employers can also
invest more in apprenticeship training by choosing to top up an
apprentice's benefits by up to 95 percent of his or her normal wage.
SOURCE: Employment and Social Development Canada
For further information:
Office of the Minister
Media Relations Office
Employment and Social Development Canada
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