Through a variety of means, from summer camps to one-on-one mentoring, aspiring and existing entrepreneurs are able to acquire and put into practice the key aptitudes required to start, sustain or grow their businesses. Trade : In , the Agency will reposition its efforts to align itself with national priorities outlined within the Global Commerce Strategy, in order to take full advantage of globalization opportunities. The high value of the Canadian dollar makes it imperative for the Agency to consider new export opportunities for Atlantic Canadian SMEs, including the Americas Strategy, Atlantic Gateway, International Technology Development and the continued development of key priority sectors aerospace and defence, aquaculture, life sciences, energy and environmental technologies.
The Agency will continue to work both directly and in partnership with other federal departments and the four provincial governments to deliver its strategic approach to trade development. This approach is to focus on four strategic elements awareness; trade education and skills development; capacity building; and policy co-ordination and partnerships and will ensure the incorporation of the new, key initiatives identified above.
Furthermore, each of the programming elements will place a stronger emphasis on productivity and competitiveness in order to ensure maximum export growth for SMEs throughout the region. FDI creates employment opportunities, generates revenues and increases innovation, productivity and export trade.
This is achieved by diversifying and strengthening economic development, by investing in public infrastructure and building the industrial critical mass required to successfully compete in a global economy. The Agency will continue to play an important leadership and co-ordination role through research, information dissemination, awareness and promotion, investment partnerships and lead development.
During , ACOA will continue to provide direct assistance to selected areas of activities such as start-up, expansion and modernization of business, as there continues to be gaps in the financing available to SMEs, both in rural and urban areas of Atlantic Canada.
Access to Business Information Canada Business : Canada Business acts as a focal point for information on government services, programs and regulations. The service is provided free of charge via phone, walk-in centres and website.
A key objective for will be to sustain high levels of client satisfaction. This will entail improvements to the quality of information products offered and enhancements to the website, making it easier to find and use information. As well, a strategic review will be undertaken to develop a renewed service strategy that could be implemented in the fiscal year. From small, remote villages to larger urban centres, economic opportunities and challenges vary significantly.
To respond to these varying community needs, ACOA must be flexible and responsive to working with communities to pursue economic development in a collaborative fashion. Community development is a bottom-up process that helps develop the tools, resources and initiatives that support unique strategic development. By taking a holistic approach, based on the realities of a given community, ACOA can foster economic development by supporting Atlantic Canadian communities in their efforts to develop the resources they need to take full responsibility for their own economic development.
As always, ACOA will work in co-operation with other levels of government, other federal government departments, non-government organizations, and community groups to leverage support and co-ordinate economic development that will strengthen the rural economy.
Healthy businesses in rural communities contribute to employment creation and increase earned incomes in these regions. In , ACOA will continue to work in co-operation with communities, making strategic investments to capitalize on opportunities for sustainable economic growth and to build community development capacity.
In doing so, ACOA will invest in the development of critical economic development infrastructure. These investments capitalize on the capacity, strengths and opportunities present in the community, as identified in community economic development plans and strategies. This fund invests in strategic projects that build the economies of Atlantic Canadian communities; it focuses on projects that lead to long-term employment and economic capacity building.
The fund capitalizes on opportunities and strengths that exist in these communities to develop competitive and productive, strategic industry sectors. The ICF encourages partnership between communities and stakeholders to identify opportunities for sustainable economic growth.
It has a strong focus on rural communities, where development needs are numerous. These CBDCs are run by community-based boards of directors focused on local community economic development. Contributions permit the CBDCs to provide an essential source of investment capital for rural small businesses. They also offer business counselling and skills development opportunities that support community economic development and build the self-reliance and capacity communities need to realize their full potential.
This allows borrowers to acquire business skills and capital needed to start, modernize and expand their businesses. REDOs are responsible for the co-ordination, development and implementation of strategic economic development at the local and regional levels.
In support of these activities, ACOA invests in annual operational funding for the REDOs, which develop and implement strategic plans in rural communities.
REDOs are mandated to achieve results through community development efforts, including strategic community development planning, and business development activities; such activities often lead to community-based projects.
The resulting strategic plans assist communities in assessing their strengths and weaknesses in order to implement strategic initiatives that will contribute to the economic growth of their regions. REDOs are managed by volunteer boards of directors representative of the communities they serve. The Agency continues to collaborate with Acadian and Francophone organizations across the region to enable the official language minority community to engage in activities that foster sustainable community infrastructure necessary for economic development in these communities.
In addition, ACOA continues to make progress in identifying increased opportunities for Aboriginal economic development and in developing a more co-ordinated approach, both internally and in partnership with other federal departments. Finally, tourism plays an important role in the social and economic development and diversification of communities in Atlantic Canada. The Agency will continue to support initiatives that integrate tourism development within community planning.
There are circumstances in which communities face severe economic adjustment impacts due to changing economic circumstances. If it is determined that the shock is so great there is a need for adjustment measures in a community or a region to mitigate the impact, specific measures will be undertaken when additional funding is received apart from existing reference levels.
These measures are based on the appropriation of new funds that are delivered through ACOA. Each special adjustment measure has specific objectives, clients and performance measures. These measures support initiatives designed to address the specific economic needs of Atlantic Canadian communities. ACOA has been asked in the past, for example, to deliver adjustment programs that responded to the closure of military bases, the closure of the cod fishery, and the termination of the ferry service between New Brunswick and Prince Edward Island.
Typically, targeted funding is available for adjustments to reduce or lessen the impact of economic downturns in the region, ultimately resulting in the lessening of what would otherwise have been economic crisis. The provision and maintenance of quality public inprovides the foundation for economic development and is critical for economic prosperity.
Providing and effectively managing potable water, waste treatment facilities, highways, municipal roads and bridges, and transit systems, all impact on economic growth; many also have strong environmental implications.
This requires programming designed to renew and build infrastructure in rural and urban municipalities in Atlantic Canada, through investments that protect the environment and support long-term economic growth. ACOA, working with Infrastructure Canada and the provinces, oversees and ensures the flow of federal funds allocated to each region through the various infrastructure funding streams. Infrastructure programming enhances municipal infrastructure in urban and rural communities throughout Atlantic Canada.
The majority of infrastructure projects are funded by Infrastructure Canada the funding agent. The BCF is to be governed through a contribution agreement with each province. The total federal portion of funding for the BCF is expected to flow over ten years, starting in Although ACOA is responsible to ensure due diligence in approving and processing payment claims, these funds are not reflected in ACOA reference levels as they will be accessed through other existing mechanisms.
The grants and contributions component of these funds will be reported through Infrastructure Canada. Green municipal infrastructure continues to be a priority, and the provincial agreements actually identify an investment target for green projects. This essentially includes water and wastewater systems, water management, solid waste management and recycling. Agreements are in place in all four Atlantic Provinces and memorandums of understanding have been executed between Infrastructure Canada part of the Transport, Infrastructure and Communities portfolio and ACOA to facilitate delivery.
Projects may include those related to connectivity and broadband, cultural and sport. Policy, advocacy and co-ordination exist to inform and support decision making by the Agency and the Minister, providing intelligence, analysis and well-grounded advice on a broad range of issues and topics.
The three PAC functions are interrelated. Policy is at the centre of the relationship, as it provides the research, analysis and advice needed to help define the forward agenda and plan future regional development approaches tailored to Atlantic Canadian circumstances. This policy work supports and promotes advocacy efforts with other federal departments, provincial governments, and other organizations to ensure that national policies and programs reflect realities and opportunities in Atlantic Canada.
ACOA is a highly recognized element of the federal presence in the Atlantic region, and has a responsibility to reflect and promote federal priorities, particularly as they relate to regional economic development. Many of the commitments and priorities that the Government of Canada has put forth speak to challenges and opportunities that ACOA and its partners are working to address. Impaired Stress Management and Coping Mechanisms Many children of adults develop maladaptive beliefs, which lead to internalized distrust, insecurity, emotional suppression, and constant anxiety.
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