The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is now accepting applications under the second phase of the Community Adjustment Fund (CAF) for projects aimed at stimulating local economies and strengthening the competitiveness of southern Ontario communities.
The announcement was by the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, that as of December 15, small- and medium-sized enterprises (SMEs) are able to submit applications under the second intake of CAF funding.
Northumberland-Quinte West MP., Rick Norlock, stated, “This new intake process will ensure the people and businesses in the communities of Northumberland Quinte West will be able to build a brighter future.”
In addition to SMEs, municipalities, not-for-profits, Aboriginal organizations, colleges and universities are all eligible to submit projects.
The Community Adjustment Fund will support projects in and around resource-based and manufacturing communities depending on a single industry. The fund will invest in projects that create immediate job opportunities for communities. It will focus not only on economic development, but innovation and diversification.
Overall funding for the second intake process is $127.8 million in 2010-11.
Applications for funding in 2010-11 will be accepted from December 15, 2009, to January 18, 2010.
Cramahe Township CEO, Christie Alexander acknowledged before Christmas that the township was aware of the grant money and was considering the possibilities.
Monday 28 December 2009
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