Archived — Communities Across Southern Ontario Benefit From Economic Stimulus Funding

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Minister Goodyear announces the Community Adjustment Fund (CAF) at the Conestoga College Main Campus in Kitchener.

The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, announces the Community Adjustment Fund (CAF) at the Conestoga College Main Campus in Kitchener. Source: FedDev Ontario

For immediate release
August 27, 2009

KITCHENER — 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 economic downturn.

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 http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/00200.html 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.

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For more information (media only), please contact:

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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