The Honourable Stephen Owen, Minister of Western Economic Diversification and Minister of State (Sport) today announced more than $1.9 million for the four final projects under the Softwood Industry Community Economic Adjustment Initiative. This funding will leverage more than $3.3 million in new investments in British Columbia communities.
"With these final four projects underway, we have now invested over $50 million that in turn has attracted an additional $97 million in private and public partnership funding," said Minister Owen. "We are already seeing tangible results throughout B.C. as many of the projects near completion. Communities are creating jobs and diversifying their economies by producing value-added wood products, enhancing their tourism capacity, and expanding into new industries."
"These final projects will have significant benefits to communities hard-hit by softwood duties," said Colin Kinsley, Mayor of Prince George and Chair of the Minister's Advisory Group for the Softwood Industry Community Economic Adjustment Initiative. "These communities are seizing local opportunities to ensure their economic future."
"Our communities need to retain the connection to their forests and the forestry industry, but must find new directions to aid in their economic recovery," said Ken White, Chair of the Community Futures Development Association of B.C. "These final projects are shining examples of the Government of Canada's commitment to support community driven solutions towards long-term economic sustainability."
The Government of Canada's $50-million contribution under the program will leverage an additional $97 million from other sources, bringing the total investment in B.C. to $147 million. Over 2,500 jobs will be created or maintained in more than 140 B.C. communities.
The $110-million Softwood Industry Community Economic Adjustment Initiative is a national program designed to address the adjustment and transition needs of forest-dependent communities across Canada . The deadline for applications was June 2, 2003. All approved projects must be fully completed and funds expended by March 31, 2005.
Western Economic Diversification Canada administers the Softwood Industry Community Economic Adjustment Initiative in partnership with the Community Futures Development Corporations of B.C.
Western Economic Diversification Canada is the federal department mandated to support economic diversification in communities across Western Canada through activities that promote and assist Innovation, Entrepreneurship, and Sustainable Communities.
Project funding is conditional on confirmed partnership funding and a positive federal environmental assessment. Funding for these projects was provided for in the March 2004 federal budget.
For additional information, contact:
Susan Schooley
Manager, Communications
Western Economic Diversification Canada
Vancouver, BC
Tel: (604) 666-1318
Renée Gillen
Press Secretary
Office of the Minister of
Western Economic Diversification and Minister of State (Sport)
Ottawa, ON
(613) 954-1110
WD Toll-Free Number:1-888-338-WEST (9378)
Teletypewriter (TTY): 1-877-303-3388
WD Website: www.wd-deo.gc.ca.
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Phil A. Lindsay (250) 828-8772
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Central British Columbia Railway and Forestry Industry Museum Society – Prince George
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Community Futures Development Corporation of Fraser Fort George
The Prince Rupert Port Authority – Prince Rupert
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Maynard Angus (250) 622-2332
Community Futures Development Corporation of Pacific Northwest
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