Released on January 8, 2010
The government is calling on Saskatchewan communities that were adversely affected by the economic downturn to apply for funding from the Community Development Trust Fund (CDTF) for economic revitalization projects.
Funding has been allocated to 15 communities across the province, with over $17 million provided, to develop economic plans, carry out feasibility studies, do infrastructure upgrades or construct new infrastructure projects for economic revitalization.
"As the economy recovers we want our communities to be ready to take advantage of the economic opportunities that are now available," Enterprise Minister Ken Cheveldayoff said. "Many communities have already benefitted from the CDTF and I encourage others to apply for project funds in order to support existing businesses and attract new ones."
In 2008, the federal government announced a $1 billion CDTF intended to help support activities that strengthen economic opportunities for communities negatively affected by global financial and commodity market disruption. Saskatchewan's share of the fund is $36.4 million over three years.
Enterprise Saskatchewan, which is disbursing the CDTF funds, is currently accepting applications until May 14, 2010. The application and guidelines for the CDTF are posted on the Enterprise Saskatchewan website at www.enterprisesaskatchewan.ca.
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For more information, contact:
Tim Tororey
Enterprise Saskatchewan
Regina
Phone: 306-787-5582
Email: tim.tororey@enterprisesask.ca