Economic Council jobsHere to Boost Southwest Region

first_img a $50-million investment in energy, innovation and productivity improvements at Bowater Mersey plant in Liverpool, protecting 2,000 jobs spread over the region. a $500,000 investment to upgrade the Yarmouth Mariners Centre. a $1-million loan to White Point Beach Resort, a tourism pillar for the South Shore. $850,000 in investments in seafood companies and organizations throughout the region to support market diversification, product development, innovation, sustainability and eco-labelling. more than $16 million in loans through the Fisheries and Aquaculture Loan Board to 56 fishers and fishing companies. a $5.4-million investment for 28 loans through the Nova Scotia Farm Loan Board in southwest Nova Scotia. an $8.8-million investment in Irving Shipbuilding’s Shelburne Ship Repair, which positions it to help build the next fleet of Canadian combat vessels. a $5-million loan guarantee for AF Theriault and Son Ltd., of Meteghan River for innovation and technology improvements. investments in more than 40 other businesses and programs in the Southwest region through various Economic and Rural Development and Tourism funding programs. The province is making strategic new investments and creating an economic council, building on efforts to strengthen the economy of southwestern Nova Scotia. The province today, Dec. 15, announced the regional economic council which is supported by provincial, federal and eight municipal governments. The province is investing $142,000 in the effort. “This new regional economic council will work to attract, expand and retain businesses in southwestern Nova Scotia,” said Economic and Rural Development and Tourism Minister Percy Paris. “Through the direction of jobsHere, the council will create economic development for the area, build trust and collaboration among the municipal units and lead to a longer term regional economic development structure.” The municipalities’ chief administrative officers will form the council and provide financial oversight and information to their municipal councils. The municipal governments will also each appoint one voting private-sector member to the economic council to encourage the private sector to take the lead directing economic development. The council includes the Town of Yarmouth, Municipality of the District of Barrington, Municipality of the District of Argyle, Town of Lockeport, Municipality of the District of Yarmouth, Municipality of the District of Shelburne, Municipality of the District of Clare and the Town of Shelburne. “It is important for the region to be united in our economic development efforts, in light of our common industries and common challenges,” said Alain Muise, chief administrative officer of Municipality of Argyle. “The economic council represents a positive step for the development for the entire region.” The province is also investing in two strategic tourism initiatives, $1 million for the Rodd Grand Yarmouth Hotel and Convention Centre and $250,000 in the 2012 World Jr. A Hockey Challenge. The investment in the Rodd Grand protects 50 jobs and upgrades a key piece of tourism infrastructure for the southwest region to help Yarmouth host the World Jr. A Hockey Challenge, which will bring more than 800 visitors and six international teams to the region for the 10-day event. Both investments will raise Yarmouth’s profile as an event host. “The Rodd Grand Yarmouth Hotel and Convention Centre has been experiencing declining occupancy for over five years, and U.S. visitation has been declining for even longer,” said Mr. Paris. “These strategic investments will not only help the Rodd be sustainable, but will help invest in an event that would not have been possible without the Rodd hotel. “The upgrades will make the Rodd Grand, and the region, more competitive for the sorts of events that can have a big impact on the economic development of the region, events like World Jr. A Hockey.” These announcements build on other provincial investments and initiatives in the region over the past year. Highlights include:last_img read more