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As part of Canada’s Economic Action Plan (EAP), Western Economic Diversification Canada (WD) has invested over $438 million towards more than 1,000 projects across the West. These projects are contributing to Canada’s economic recovery and creating jobs. Since July 2009, the EAP has helped to create over 650,000 jobs across Canada.
Through the Community Adjustment Fund (CAF) initiative, WD has provided over $290 million in funds to help communities reduce the short-term impacts of the economic downturn.
The following are two examples of CAF projects that are making a difference in western Canadian communities:
The newly expanded and upgraded fully-accessible, four-season conference centre at Red Mountain Resort.
Rossland’s Red Mountain Resort, an increasingly well-known B.C. ski destination, received $1 million in repayable funding from CAF to upgrade and expand its existing lodge into a fully-accessible, four-season conference centre. In addition to creating employment during its redevelopment, the new conference facility, which officially opened in January 2011, has already booked conferences and other events throughout the coming year. By attracting visitors to the resort outside the ski season, the conference centre will bring long-term economic benefits to the entire region. Rossland, voted Canada’s top Outdoor Town by Explore Magazine in 2007, was the site of Canada’s first recorded ski competition in 1896 and hosted the country’s first-ever World Cup in 1968.
An interior view of the Hazel Bluff Community Agricultural Society’s new Community Hall.
In October 2010, the Hazel Bluff Community Agricultural Society completed construction of its new community hall. The building replaces the old hall, which had served as the social hub of Westlock County in Alberta since 1932. The hall is a popular venue for meetings, family reunions, training sessions and other community gatherings with grounds that also include a camping area, ball diamonds and playground. The society reports that the project, which received $365,000 in funding from CAF towards the construction of the new community hall, generated employment during the building phase and created full-time positions for maintenance and management staff. The addition of a commercial-grade kitchen has also created new opportunities by attracting a catering business that now operates from the facility.