Eastern Ontario businesses and communities will benefit from a renewed investment in the region announced today by Guy Lauzon, Member of Parliament for Stormont-Dundas-South Glengarry, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
A Government of Canada investment of $30 million over the next three years will support the renewal of the Eastern Ontario Development Program (EODP), resulting in a greater number of economic development initiatives and improved partnerships throughout Stormont-Dundas-South Glengarry.
“I am happy that the Minister has made the decision to approve funding for a three year period,” said Lauzon, “this will permit EODP to develop a multiyear strategic plan.”
“I am proud today to announce that our government is moving forward with its commitment to create jobs and economic growth here in eastern Ontario,” said Minister Goodyear. “This additional investment in the Eastern Ontario Development Program will offer new opportunities for the people, businesses and communities in this region.”
The Program is managed by FedDev Ontario and funding will be delivered by 15 Community Futures Development Corporations located throughout rural Eastern Ontario.
“This announcement is welcome news for SD & SG,” said Carma Williams, Vice Chair SD & G Community Futures Development Corporation, “it will allow us to do multi-year planning.”
“The Eastern Ontario Development Program has been a catalyst for business and community development across eastern Ontario for a number of years,” said Dan Stanford, Chair of the Eastern Ontario CFDC Network. “We are pleased to continue our partnership with the Government of Canada so that Community Futures Development Corporations can support projects that will grow and diversify the regional economy.”
To find out more about the Eastern Ontario Development Program and how to access program funding, please refer to the backgrounder or visit the FedDev Ontario website at www.feddevontario.gc.ca.