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The Community Adjustment Fund (CAF) is a two-year, $1-billion national economic stimulus program supporting eligible projects that create jobs and maintain employment. Priority is being given to single-industry, rural communities.
Western Economic Diversification Canada (WD) is delivering the fund in the four western provinces. The fund will provide $306 million in support to western Canadian communities hardest hit by the current economic slowdown, such as those heavily reliant on resource based industries, for instance forestry, mining, energy, agriculture and fisheries, and communities that depend on the manufacturing industry.
Legal entities in and around affected communities were eligible to apply for funding under CAF, including:
* Contributions to for-profit organizations undertaking commercial activities may be made on a repayable basis.
Projects funded under CAF must:
Priority is being given to projects in and around eligible communities that:
The deadline for submitting an application for Community Adjustment Fund projects was June 29, 2009. A total of 1,092 CAF submissions were received from across the West requesting in excess of $2 billion in funding from the federal government.
In addition, in northern British Columbia, WD entered into an agreement with the Northern Development Initiative Trust for the delivery of CAF in their service area. Over and above the western total WD forwarded an additional 477 CAF applications, requesting $685 million in program funding, to NDIT for evaluation and decision.
As of February 18, 2010, WD has approved 241 projects that will provide more than $276 million in CAF funding across the four western provinces.
For more information, please contact:
Western Economic Diversification Canada
Email: caf-fac@wd-deo.gc.ca
WD Toll-Free Number: 1 888 338-WEST (9378)
Teletypewriter (TTY): 1 877 303-3388
Website: http://www.wd-deo.gc.ca/