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$12.8 MILLION FOR REGIONAL ECONOMIC DEVELOPMENT

Posted 22 July 2019

PRESS RELEASE

For Immediate Release

 

EASTERN TOWNSHIPS SADC AND CAE LOCATIONS RECEIVE

$12.8 MILLION FOR REGIONAL ECONOMIC DEVELOPMENT

 

Cookshire-Eaton, Quebec, July 22, 2019 – Today, Minister Marie-Claude Bibeau, in co-operation with the Eastern Townships Sociétés d’aide au développement des collectivités (SADCs) and Centres d’aide aux entreprises (CAEs), is proud to announce a new five-year agreement with the region’s SADCs and CAEs and Canada Economic Development for Quebec Regions (CED). The announcement was made on behalf of the   Honourable   Navdeep Bains,   Minister   of   Innovation,   Science   and   Economic Development and Minister responsible for CED.

 

With the signature of this agreement, the SADCs and CAEs will receive a contribution of $12,828,682 to help them to continue their mission and better meet the needs of their communities. The additional funding will enable them to make significant changes to the way they deliver their services.

 

The SADC of the Coaticook region will receive $2,328,666, the Haut-Saint-François SADC will receive $2,328,666, the Mégantic SADC will receive $2,277,336, the Des Sources   SADC   will   receive   $2,310,321,   the   Memphrémagog   CAE   will  receive $1,787,564 and the Val-Saint-François CAE will receive $1,796,129.

 

Improvements will include:

The delivery of all Community Futures Program products and services to all covered areas. Contributions for initiatives previously reserved for SADCs will now also be available to CAEs and  include  amounts  to  support  community  development  projects  and  the program for young entrepreneurs between the ages of 18 and 39.

 

For the first time, the new funding will also be distributed to SADCs and CAEs based on the socio-economic conditions and development potential of each Quebec RMC and municipality. That means that the SADCs and CAEs will be better able to address the issues faced by the most vulnerable areas.

 

The  President  of  the  Des  Sources  SADC  and  the  Réseau  des  SADC  et  CAE, Daniel Dumas, was very satisfied with the agreement. He said, “This agreement will enable us to continue our mission to enhance local economic development and better support local business owners. On behalf of the Réseau’s board of directors, I want to sincerely thank Ms. Bibeau for her support and for the help she gives to people in the community.”

 

Mrs. Bibeau was very pleased about this excellent news for the region. She said, “Because the SADCs and CAEs are so deeply rooted in the community, they are able to understand the reality of our regions and provide local SMEs with personalized support. The Government of Canada is proud to be able to count on these key partners in ensuring the prosperity of local businesses such as the Brasserie 11 comtés and the Charcuterie Scotstown.”

 

The Honourable Navdeep Bains agreed. He said, “The SADCs and CAEs do remarkable work on the ground to ensure a viable future for their communities. The Government of Canada is renewing its support for these organizations in order to help meet its priorities of stimulating the economy, creating jobs and growing the middle class.” 

 

For Quebec, these agreements between the Government of Canada and the SADCs and CAEs represent $169 million over five years, $25 million of which is new funding to support the economic development of all rural communities.

 

About the Réseau des SADC et CAE

The Eastern Townships SADCs and CAEs are part of the Réseau des Sociétés d’aide au développement des collectivités (SADC) et Centres d’aide aux entreprises (CAE), a network  of 57 SADCs  and  10 CAEs that  have been  working  to  enhance  economic development   in their   communities   for   over   35 years.   It   is   made   up   of   over 1,400 professionals   and volunteers   who   support   and   provide   funding   to   over 10,000 entrepreneurs   and   local economic   development    projects   every   year. (https://www.sadc-cae.ca/).

 

Community Futures Program (CFP)

This program, delivered by the CED in Quebec, provides operational funding for the 269 SADCs and  CAEs  across  Canada.  The  CFP  recognizes  the  expertise  of  local decision makers and supports decision-making autonomy to encourage communities to take charge of their futures.

 

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Coaticook, QC J1A 2B1
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