As of June 19, 2014, the operation of Enterprise Cape Breton Corporation has been transferred to both the Atlantic Canada Opportunities Agency and the Public Works and Government Services Canada. Content on this site has been archived for reference, research or recordkeeping purposes.
Web pages that are archived on the Internet are not subject to the Government of Canada Web Standards. For more information on archived materials, please visit Library and Archives Canada
Please refer to the appropriate Government of Canada Agency/Department for updated information:
ANTIGONISH (NS) – AUGUST 27, 2009 – Nova Scotia’s forest industry is being strengthened thanks to investments by the Government of Canada and the Government of Nova Scotia. The Honourable Peter MacKay, Minister of National Defence and Minister for the Atlantic Gateway, and the Honourable John MacDonell, Nova Scotia Minister of Natural Resources, today announced a combined investment of $14 million to ensure the sustainability of the province’s forestry sector and support rural development.
“Our Government recognizes that declining demand and prices for forest products have resulted in significant production cutbacks and job losses across Atlantic Canada,” said Minister MacKay. “Through this investment, we are not only immediately strengthening the forestry sector now and for years to come, but we’re also creating jobs and supporting rural communities today.”
The Government of Canada is investing $5 million through the Atlantic Canada Opportunities Agency (ACOA) and an additional $2 million through Enterprise Cape Breton Corporation. These investments are being made through the Community Adjustment Fund (CAF), a major initiative of the federal government’s Economic Action Plan that is designed to create jobs and maintain employment in communities across Canada.
The Province of Nova Scotia is investing $7 million in the project through the Department of Natural Resources.
"Our government recognizes the importance of the forestry sector in creating the secure jobs our economy needs," said Mr. MacDonell. "Silviculture is an essential part of sustaining our forests and helps ensure that they stay vibrant for years to come."
The project will affect over 10,700 hectares on woodlots and Crown land in Nova Scotia, and create over 400 jobs across the province, while ensuring the long-term sustainability of forests and creating carbon offset benefits. The work, to be carried out over the next two years, will
include a combination of site preparation, planting, thinning, and tending to ensure the growth, composition, and quality of forests.
Individuals and organizations interested in learning more about how to apply for funding under CAF are encouraged to contact their local ACOA office. For more information regarding the CAF application process, please consult ACOA’s website at www.acoa-apeca.gc.ca.
For information on Canada's Economic Action Plan, please visit www.actionplan.gc.ca.
Atlantic Canada Opportunities Agency
Enterprise Cape Breton Corporation
Nova Scotia Department of Natural Resources