Atlantic Canada Opportunities Agency
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Community Adjustment Fund (CAF) Program

As announced on January 27, 2009 as part of the government’s Economic Action Plan, the Community Adjustment Fund (CAF) is providing $1 billion across the country to help create jobs and employment opportunities in communities affected by the global recession. Projects must be completed by March 31, 2011.

 

Through CAF, the Government of Canada has committed over the next two years, to support activities such as science and technology initiatives, community transition plans that foster economic development and other measures that promote economic diversification.

 

To be eligible for funding under this initiative, projects will have to meet the following criteria:

  • They can start quickly; and
  • They can be completed within the two-year timeframe of the Community Adjustment Fund with no obligation for continued spending.

 Funding priority will be given to projects in rural, single-industry communities that:

  • Generate immediate employment;
  • Create the most near-term employment per dollar of federal investment;
  • Leverage funds from provinces, territories and other funding partners;
  • Build on partnership arrangements already in place and existing programs; and
  • Provide a legacy of longer-term ecological and/or economic benefits. 

A base amount of $10 million of funding support is being provided to each province and territory. The balance of the funding is allocated regionally on a per capita basis. The CAF allocation for Atlantic Canada, to be delivered by ACOA, is $100.4 million.

 

The Government of Canada, through ACOA, will provide contributions of up to 80% of eligible costs for non-commercial projects and, for commercial projects, up to 50% of eligible costs for capital projects, as well as 75% of eligible costs for non-capital projects.