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ARCHIVED - Unity Reserve


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EDACRQ (Economic Development Agency of Canada for the Regions of Quebec)

Mosaiculture

Allocation from the reserve

FY 2003-04

$1.8M

Description

  • The funding was used to help organize the 2003 edition of Mosaicultures, an international floral sculpture competition held at Montreal's Old Port from June to October 2003.
  • Total estimated cost for the 2003 edition Mosaicultures was $26.15M consisting of $4M from the federal government, $4M from the Quebec government, $2M from the City of Montreal and $16.15M from private sector support).
  • CEDQ's share of the federal payment was $3.7M, of which $1.8M came from the Unity Reserve and the balance from existing reference levels. Payment was made by CEDQ in accordance with the terms and conditions of the Strategic Regional Initiative Program.

Public Accounts References

  • FORD-Q obtained the funding through the 2003-2004 Supplementary Estimates B. The amount of $1.4M was offset and was not printed.
  • Not yet printed in Public Accounts

EDACRQ (Economic Development Agency of Canada for the Regions of Quebec)

Grand Prix du Canada

Allocation from the reserve

FY 2003-04

$4M

Description

  • In August 2003, Grand Prix F1, a private corporation, announced that Montreal had lost the 2004 edition of the event as a result of the Tobacco Act coming into force. Further to negotiations over the fall, an agreement was reached to ensure that the event would be held in Montreal for the following three years.
  • Federal funding of $6M was announced in November 2003. The Quebec Government also pledged a matching contribution.
  • Total grant amount was $6M, the remaining $2M coming from CED-Q's own reference levels.

Public Accounts References

  • Grant printed in the 2003-04 Supplementary Estimates B, "Grant to Grand Prix F1 of Canada Inc. to ensure the continuation of the Canadian Grand Prix in Montreal"
  • Not yet printed in Public Accounts