Feds announce investment in eastern Ontario
December 2, 2013 | By Manufacturing AUTOMATION
The federal government will invest $48 million for the renewal of the Eastern Ontario Development Program (EODP).
The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), made the announcement at the quarterly meeting of the Ontario East Economic Development Commission (Ontario East).
“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 Minister 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 more than $80 million through 7,636 business and community development projects. This has led to additional support of $345.6 million from partners such as local businesses, municipalities and the Government of Ontario.
The EODP renewal means that these organizations will continue to assess and fund projects that help make rural eastern Ontario communities better places to live and work.
For more information, visit www.feddevontario.gc.ca.