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CONTINUED SUPPORT FOR REDAS IN PROVINCIAL BUDGET

Released on March 31, 1999

Economic and Co-operative Development Minister Janice MacKinnon said

today that $3.34 million in total support for the Regional Economic

Development Authority (REDA) program announced in the 1999-2000

provincial budget will mean economic growth and jobs in communities

throughout Saskatchewan.



"REDAs play an important role in their region's economic development

initiatives," MacKinnon said. "Our continued investment will mean

that REDAs, especially those in rural communities, will be able to

continue to offer important services like small business counselling

and one-stop business service centres."



MacKinnon noted that in addition to start-up and operating funding,

the provincial budget provides funding for a number of REDA programs:



$1,000,000 for the REDA Enhancement Fund. Under the fund, each

REDA is eligible for up to $50,000 for projects such as the

development of regional enterprise centres, the purchase of

computers and software and the development of local tourism

opportunities;



$240,000 for the Youth Employment Program, which allows REDAs to

expand the services they offer by hiring young people for

full-time work terms of no less than four months;



$374,000 for REDA training programs, which help REDA board

volunteers develop a thorough understanding of their

responsibilities in leading community economic development

activities, and the Small Business Counsellor Training

Program, which trains and accredits professional small

business counsellors who help start-up and small businesses

in Saskatchewan to grow and prosper.



There are currently 27 REDAs in Saskatchewan. Under the REDA

program, the province provides each REDA with a cost-shared

start-up fund of up to $25,000, along with annual 50 per cent

shared operating funding, to a maximum of $60,000 per year.



"REDAs play a crucial role in community economic development in

Saskatchewan, driving growth and job creation at the local

level," MacKinnon said. "In this year's budget we reaffirmed our

strong commitment to Regional Economic Development Authorities."



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For more information, contact:



Van Isman

Economic and Co-operative Development

Regina

Phone: (306)787-2201

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