OTTAWA, May 14, 2009 — Today, the Honourable Tony Clement, Minister of Industry, announced the launch of the Community Adjustment Fund in Ontario. Communities in Ontario experiencing the effects of the current global recession can find relief in the Community Adjustment Fund, an economic diversification program that is part of Canada's Economic Action Plan (see attached Backgrounder).
In Ontario, the Community Adjustment Fund will provide $348.9 million over two years to support adjustment measures in communities affected by the global economic downturn. In 2009–10, this funding for Ontario will total up to $174.2 million.
Today, the government announced the first allocation under the program, for projects submitted by municipalities and not-for-profit organizations:
- $100 million for Southern Ontario projects through an intake process, with projects to be completed by March 31, 2010; and
- $15.7 million for Northern Ontario projects through an intake process, with projects to be completed by March 31, 2011.
The allocation of remaining funds will be announced in the coming weeks.
Projects in communities with a population of less than 250 000 will be eligible for support and will be given higher priority if the community:
- is rural and supported by a single industry;
- has experienced an increase in Employment Insurance beneficiaries equal to or greater than 20 percent over a one-year period; and
- has experienced major layoffs resulting in significant job losses.
Projects to be funded could include reforestation activities, investments in machinery or equipment, demonstration of new mining technologies, and initiatives to improve market access for products.
The Government of Canada is investing in projects that will have an immediate and significant effect on communities. The Community Adjustment Fund will help boost the economy and provide a solid footing for the economic recovery efforts.
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