Forgot your account information?  |  Create a CME account

Atlantic investment program gets five more years

Published by Steve Coleman on August 17, 2011

The federal and four provincial governments plan to spend another $10 million over the next five years helping businesses in Atlantic Canada reach new markets.

East coast companies will be able to take advantage of the Canada-Atlantic Provinces Agreement on International Business Development for at least five more years after an Aug. 16 announcement that the program has been renewed.

As a part of the agreement, Ottawa will spend $7 million on the program. Nova Scotia and New Brunswick will each contribute $1.1 million. Newfoundland and Labrador will spend $500,000, while Prince Edward Island plans to contribute $300,000.

Government figures say the program has invested $35 million into the east coast economy since the program launched in 1994. With the investment, 198 businesses have started exporting, 333 exporters have entered new markets and 459 exporters say they've increased sales.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan