Orillia and area to receive Government of Canada stimulus funding for local projects



    ORILLIA, ON, Sept. 8 /CNW/ - Orillia and surrounding areas will benefit
from nearly $1.8 million in funding 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), made the
announcement today at City Hall in Orillia.
    The Government of Canada will invest in six local projects through its
Community Adjustment Fund (CAF) for such projects as the reconstruction of
Orillia's oldest known house, the development of a pool of experts to foster
business development, and improvements to local infrastructure (see
Backgrounder for details).
    "These investments will create new jobs and new opportunities," said
Minister of State Goodyear. "They will provide a much-needed boost to the
local economy immediately and will also generate long-term growth."
    "These projects will benefit people in our region by creating
construction jobs right away, while giving our communities the opportunity to
grow our local economy in the long term," said Bruce Stanton, MP for Simcoe
North.
    "The City of Orillia is extremely pleased to receive funding for three
very significant projects," said Ron Stevens, Mayor of the City of Orillia.
"This will enable us to move forward immediately with these community
improvement initiatives."
    Up to $102 million will be invested through the CAF for 2009-2010 and it
is the government's intention to support a total of 90 projects in communities
across Southern Ontario. 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.
    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. For more information on the Agency, please see the FedDev Ontario
Backgrounder.
    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.

    This news release is available online at: www.ic.gc.ca/caf and
www.actionplan.gc.ca.

    
    Backgrounder - Canada's Economic Action Plan - New regional development
    agency for Southern Ontario

    About the Federal Economic Development Agency for Southern Ontario
    (FedDev Ontario)
    

    In Canada's Economic Action Plan, the Harper Government committed to
providing short-term stimulus to communities hard hit by the recession while
delivering long-term funding designed to promote economic growth, job creation
and innovation. Budget 2009 provided $1 billion over five years for a new
economic development agency for Southern Ontario.
    On August 13, 2009, Prime Minister Stephen Harper formally launched the
Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
This new agency is charged with delivering federal government economic
development programs tailored to the specific priorities of workers,
businesses and communities in Southern Ontario.
    The Prime Minister announced his intent to have Minister of State
(Science and Technology) Gary Goodyear assume responsibility for the Agency
and that B.A. (Bruce) Archibald will serve as the agency's first President.
Further announcements on the staffing and location of district offices are to
be expected throughout the fall.
    In its first year of operation, FedDev Ontario will focus on putting
economic development programs into action. The Agency will assess immediate
opportunities and needs, and then bridge into broader program initiatives once
the agency is fully operational.
    FedDev Ontario and Industry Canada will work with community stakeholders
to identify and support projects that address current economic challenges.
    The Agency will initially use existing programs and partnerships to
expedite the provision of funds. This will start money flowing immediately
into Southern Ontario communities and businesses.
    Funding in the first year will be approximately $206 million, including
operating costs, focused on three priority areas: economic development,
diversification and community development.
    The Southern Ontario Development Program has been established to promote
economic development, economic diversification and job creation. A core
program, it will deliver close to $100 million in funding over 2009-10.
    FedDev Ontario will help Southern Ontario communities diversify their
local economies, including into a wider range of value-added and technology
driven products and services. It will provide the tools for its partners in
the region to build on their strengths, positioning Southern Ontario to
succeed in the knowledge-based economy.

    
    PROGRAMS TO BE ADMINISTERED BY FEDDEV ONTARIO
    ---------------------------------------------
    

    Southern Ontario programs to be administered by, or in conjunction with,
FedDev Ontario include:

    Community Adjustment Fund in Ontario

    The Community Adjustment Fund (CAF) is a short-term economic stimulus for
communities impacted by the global recession. Part of Canada's Economic Action
Plan, the Fund supports projects that create jobs and maintain employment in
and around communities that have been most severely affected by the economic
downturn.
    Funding is available for eligible projects that can be completed before
March 31, 2010. Applications for 2010-2011 CAF project funds will be accepted
by FedDev Ontario later this year.

    National Research Council - Industrial Research Assistance Program

    The National Research Council's Industrial Research Assistance Program
(NRC-IRAP) stimulates wealth creation for Canada through technological
innovation. It provides financial and technological assistance to small and
medium-sized enterprises, targeting those engaged in research, development,
adaptation, adoption, or commercialization of innovative products, services or
processes.
    IRAP already has $67.3 million in funds available, and will receive an
additional $27.5 million to further build the innovative capacities of
Southern Ontario's small and medium-sized enterprises.

    Community Futures Program

    Ontario's Community Futures Program will receive an additional $30M from
the Community Adjustment Fund in 2009-2010. The Community Futures Program
assists rural and northern communities to strengthen and diversify their
economies.
    The Program is implemented through Community Futures Development
Corporations (CFDCs), located in communities across the province, including 37
in rural Southern Ontario. Small and medium-sized enterprises as well as
non-profit organizations can receive repayable financing and important support
services.

    Business Development Bank of Canada

    The Business Development Bank of Canada (BDC) will invest a total of $50
million in Southern Ontario through venture capital firms and the BDC's own
programs. These funds will help develop a high-performing, sustainable venture
capital industry in the region.

    
    -------------------------------------------------------------------------
                                 Backgrounder
    -------------------------------------------------------------------------
    

    The Government of Canada's Economic Action Plan committed $1 billion to
provide timely, targeted economic stimulus to communities throughout Canada
under the Community Adjustment Fund (CAF). In Ontario, CAF will provide $348.9
million over two years to support adjustment measures in communities most
affected by the global economic downturn, including $102.2 million for
projects in Southern Ontario in 2009-10.
    Listed below is a breakdown of the projects approved for CAF funding in
Orillia and the surrounding area.

    
    -------------------------------------------------------------------------
    Funding Recipient         Project Title                     Total CAF
                                                             contribution ($)
    -------------------------------------------------------------------------
    City of Orillia   Reconstruction of Historic Building         122,200
    -------------------------------------------------------------------------
    City of Orillia   Improvements to Municipal Parking Lot       762,605
    -------------------------------------------------------------------------
    City of Orillia   Replacement of Overhead Hydro Wires
                      with Underground Cable                      350,000
    -------------------------------------------------------------------------
    La Clé d'la Baie  Hire a Consultant to Prepare a
    en Huronie -      Feasibility Study to Support
    Association       Community Businesses                         87,716
    culturelle
    francophone
    -------------------------------------------------------------------------
    South Central     Develop a Pool of Skilled Experts
    Community         to Provide Development Assistance
    Development       to Businesses                               290,550
    Corporation
    -------------------------------------------------------------------------
    Township of Tay  Installation of Tourism signage and Tourist
                     Information Kiosks                          160, 000
    -------------------------------------------------------------------------
    Total                                                       1,773,071
    -------------------------------------------------------------------------
    





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

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