Gary Goodyear, Minster of State for the Federal Economic Development Agency for Southern Ontario was in Winchester Friday, November 27, and there he announced that the federal government will invest $48 million in the renewal of the Eastern Ontario Development Program.
Goodyear made the announcement at the quarterly meeting of the Ontario East Economic Development Commission (Ontario East).
Ontario East represents over 200 communities, with more than two million residents and promotes eastern Ontario as a centre for investment.
“I am proud to announce that our Government will continue to promote business development, job creation and strengthening communities in rural eastern Ontario with the renewal of EODP,” said Goodyear. “Through EODP, the Agency will continue to act as a champion within this region, encouraging new partnerships and project development for the expansion of community economic assets, business growth and business infrastructure/services to help create jobs, growth and long-term prosperity.”
Over the next five years, starting in April 2014, EODP will promote strategic economic development in eastern Ontario that will have a long-term impact in the region. To date, the Agency has invested over $80 million through 7,636 business and community development projects.