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Strategic Outcome: A competitive Atlantic Canadian economy
Program Activity: Enterprise Development; Community Development; and Policy, Advocacy and Coordination
Name of Transfer Payment Program: Business Development Program – Voted
Start date: July 25, 1995
End date: March 31, 2010 (Approval for continuation of the program will be sought.)
Description: The Agency plays a prominent role in economic development in Atlantic Canada, and has the broad mandate of increasing employment and earned incomes of Atlantic Canadians. The objectives of the Business Development Program (BDP) are in support of this mandate, and include the following:
The program is designed to help set up, expand or modernize businesses, and focuses on SMEs, offering access to capital in the form of interest-free, unsecured, repayable contributions. In addition to capital investment, funding is also available for business studies, training, marketing and quality assurance, to help in bidding for and acquiring public and private procurement contracts or to develop an innovative product or service. Non-profit organizations providing support to the business community, and not-for-profit activities that support economic development in the region, are eligible for funding under the program.
Eligible commercial recipients include individuals, sole proprietorships, partnerships, co-operatives, a body corporate, or a Crown corporation that carries on, or is about to carry on, legitimate profit-driven business activities in Atlantic Canada. This does not include a government or individual municipality.
Non-commercial eligible recipients include not-for-profit incorporated entities, and may include a Crown corporation, a provincial government, a municipal government, a not-for-profit organization owned or controlled by a provincial or municipal government, local economic development associations, an institute, or a university.
The BDP is one of the transfer payment programs, along with the Innovative Communities Fund (ICF), being used for the delivery of the Community Adjustment Fund (CAF) announced in Budget 2009. CAF is being delivered as a sub-component of the BDP. Objectives for funding under CAF include:
CAF is designed to address the short-term economic impacts of the global economic downturn on communities across the Atlantic region. This funding sunsets on March 31, 2011.
Delivery of the BDP-CAF is guided by the following principles and considerations when assessing eligible projects and activities:
For the purposes of BDP-CAF, a community is eligible under this program if its population is 250,000 or lower and it meets the following criteria:
(A)
OR
(B)
Priority in the selection of projects in eligible communities is given to rural, single-industry communities.
Expected results: Whereas new employment is the direct result of business growth, particularly among SMEs, the Agency seeks to provide people with encouragement, advice and information, and the capital they need to start and expand their own businesses. Emphasis on improving SME productivity through innovation, skills development and export development is also at the core of ACOA's activities.
The BDP is strongly linked to the Agency, but places its greatest focus on improving the growth and competitiveness of Atlantic SMEs, leading to increased productivity, earned incomes and job creation.
Immediate results (one to three years) expected to be generated by the BDP include, among other things, an increase in the number of SMEs that have modernized or expanded, an increase in the number of SME start-ups, increased adoption of SME business management practices, increased SME investment, and the development of new products, services and processes.
In the longer term (three to five years), it is expected that results tied to transfer payments investments will be in the form of increased employment within the SMEs, increased wages and salaries of their employees, increased domestic and export sales, increased productivity and profitability, increased number of exporters or export markets, increased firm survival rates, and the commercialization of new products, services and processes.
For the BDP-CAF, performance measurement is primarily focused on economic opportunities in the short term, for the duration of the project, and other short-term stimulus measurements.
For the BDP-CAF, the results will be measured by the following indicators:
Forecast Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
Planned Spending 2012-13 |
|
---|---|---|---|---|
Total grants | 0.6 | 2.0 | 2.0 | 2.0 |
Total contributions | 135.4 | 114.7 | 113.7 | 111.7 |
Total Transfer payments | 136.0 | 116.7 | 115.7 | 113.7 |
Link to Three-Year Plan for Transfer Payment Programs
http://www.acoa-apeca.gc.ca/English/publications/ParliamentaryReports/Pages/RPP_2010-2011_1.aspx
Strategic Outcome: A competitive Atlantic Canadian economy
Program Activity: Community Development
Name of Transfer Payment Program: Innovative Communities Fund – Voted
Start date: April 1, 2005
End date: March 31, 2010 (Approval for continuation of the program will be sought.)
Description: Working with communities at various stages of economic development, this program supports non-commercial/non-profit strategic initiatives that target the economic development needs of communities and stimulate economic development. Working in collaboration with Atlantic communities and stakeholders, the Innovative Communities Fund (ICF) builds on the strengths of communities and provides the tools needed to identify opportunities available for their sustainable economic growth.
Budget 2009 recognized that communities across Canada were suffering
as a result of an economic downturn, and therefore provided $1 billion
over two years to establish the Community Adjustment Fund (CAF). It
provides economic stimulus mitigating the short-term impacts of the
economic downturn by creating economic opportunities and addressing
transitional and adjustment challenges in restructuring communities. The
ICF is one of two TPPs, along with the BDP, that is being used to
deliver CAF. CAF is being delivered as a sub-element of the ICF.
Expected results: The ICF targets both developmental and
long-term program outcomes.
Short-term outcomes aimed at the economic development needs of rural
communities are:
In the longer term, the expected results are:
Forecast Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
Planned Spending 2012-13 |
|
---|---|---|---|---|
Total contributions | 86.6 | 87.7 | 40.0 | 40.0 |
Total Transfer payments | 86.6 | 87.7 | 40. | 40.0 |
Link to Three-Year Plan for Transfer Payment Programs
http://www.acoa-apeca.gc.ca/English/publications/ParliamentaryReports/Pages/RPP_2010-2011_1.aspx
Strategic Outcome: A competitive Atlantic
Canadian economy
Program Activity: Community Development
Name of Transfer Payment Program: Community Futures Program
– Voted
Start date: May 18, 1995
End date: October 2, 2010 (Approval for continuation of the
program will be sought)
Description: The purpose of this national program is to help
communities develop and implement local solutions to local problems. The
program provides financial support to CF organizations (CFOs) that, in
collaboration with other partners and stakeholders, can assess a
community's situation and develop strategies to meet its needs, provide
support to SMEs and social enterprise, and undertake community economic
development initiatives. The objective of the program is to further the
ultimate objective of helping communities to successfully pursue (a)
economic stability, growth and job creation; (b) diversified and
competitive local rural economies; and (c) sustainable communities. In
Atlantic Canada, the program provides funding to 41 CFOs, known in the
region as Community Business Development Corporations (CBDCs), which
provide financial and technical assistance to SMEs in rural areas. More
information on these services provided through the CBDCs can be found on
ACOA's website at:
http://www.acoa-apeca.gc.ca/English/IWantTo/StartABusiness/Pages/GetHelpFinancing.aspx.
Expected results: Assisting selected communities in the development of their economies and supporting the growth of small businesses, the Community Futures Program's short-term results are:
In Atlantic Canada, the short-term expected results of the program, based on the role and responsibility of the CBDCs, are to ensure that Atlantic Canadian businesses have access to capital, and business information and counselling.
Forecast Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
Planned Spending 2012-13 |
|
---|---|---|---|---|
Total contributions | 13.1 | 11.0 | 11.0 | 11.0 |
Total Transfer payments | 13.1 | 11.0 | 11.0 | 11.0 |
Link to Three-Year Plan for Transfer Payment Programs
http://www.acoa-apeca.gc.ca/English/publications/ParliamentaryReports/Pages/RPP_2010-2011_1.aspx
Strategic Outcome: A competitive Atlantic
Canadian economy
Program Activity: Enterprise Development
Name of Transfer Payment Program: Atlantic
Innovation Fund – Voted
Start date: May 10, 2001
End date: March 31, 2010 (Approval for continuation
of the program will be sought)
Description:
The objectives of the program are:
Eligible recipients include commercial and non-commercial entities
such as, but not limited to, universities, colleges, other
post-secondary educational institutions, business associations, research
institutions and private sector firms.
Federal departments, including federal research laboratories and
institutes, and provincial government departments, are not eligible
recipients.
Expected results:
Immediate results (one to three years) expected to be generated by the
AIF include:
Forecast Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
Planned Spending 2012-13 |
|
---|---|---|---|---|
Total contributions | 61.4 | 38.1 | 38.1 | 38.1 |
Total Transfer payments | 61.4 | 38.1 | 38.1 | 38.1 |
Link to Three-Year Plan for Transfer Payment Programs
http://www.acoa-apeca.gc.ca/English/publications/ParliamentaryReports/Pages/RPP_2010-2011_1.aspxStrategic Outcome: A competitive Atlantic
Canadian economy
Program Activity: Community Development
Name of Transfer Payment Program: Recreational
Infrastructure Canada – Voted
Start date: April 1, 2009
End date: March 31, 2011
Description: The Recreational Infrastructure
Canada (RInC) program provides $500 million nationally for projects to
rehabilitate recreational facilities across Canada, which must be
completed by March 31, 2011.
Through RInC, the Government of Canada has committed, over two years, to
support upgrades and repairs of existing recreational assets, including
new construction that adds to or replaces existing recreational
infrastructure assets or capacity.
The program is designed to provide a timely, targeted stimulus to the
economy, and to help mitigate the impacts of the current global economic
recession by increasing the total volume of construction activity
related to recreational infrastructure. Through the rehabilitation of
recreational infrastructure, this program also encourages participation
in physical activity and community building.
Expected results: This national initiative is expected to provide a timely, targeted, and temporary stimulus to the Canadian economy, and help mitigate the impacts of the global economic recession, by increasing the total amount of construction activity related to recreational infrastructure.
Forecast Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
Planned Spending 2012-13 |
|
---|---|---|---|---|
Total contributions | 11.5 | 22.4 | ||
Total Transfer
payments |
11.5 | 22.4 |
Link to Three-Year Plan for Transfer Payment Programs
http://www.acoa-apeca.gc.ca/English/publications/ParliamentaryReports/Pages/RPP_2010-2011_1.aspx
Strategic Outcome: A competitive Atlantic
Canadian economy
Program Activity: Enterprise Development
Name of Transfer Payment Program: Saint John
Shipyard Adjustment Initiative – Voted
Start date: May 29, 2003
End date: May 31, 2011 (On July 23, 2009,
ministerial approval was obtained to extend the duration of this
initiative by one year to May 31, 2011.)
Description: Aims to address the impact of the lack
of manufacturing activities at the site (the former Saint John
shipbuilding yard) and its economic impact on the province of New
Brunswick.
Expected results: The objectives of the program are
to ensure the closure of the shipyard operations located at the site and
the redevelopment of the site for other economic development use. The
program includes all activities related to the development of the site
for other industrial uses, such as an industrial park facility. It also
has supported Irving Shipbuilding Inc. (or its affiliates) in taking
advantage of industrial opportunities by assisting in the financing of
qualified projects within the province of New Brunswick.
Forecast Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
Planned Spending 2012-13 |
|
---|---|---|---|---|
Total contributions | 0.0 | 10.0 | ||
Total Transfer
payments |
0.0 | 10.0 |
Link to Three-Year Plan for Transfer Payment Programs
http://www.acoa-apeca.gc.ca/English/publications/ParliamentaryReports/Pages/RPP_2010-2011_1.aspx