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By Colin Hansen Minister of Economic Development Sept. 22, 2005 (316 words) |
Communities located
north of the Malahat on Vancouver Island and on the Sunshine Coast will use the
trust to create new economic growth and more jobs through strategic investments
in the regional economy. Communities will control the trust, identify the
opportunities, make the decisions and reap the economic benefits. The trust
provides funding for their needs and priorities for a sustainable economic
future.
A Regional Development
Board will use the $50-million free of provincial interference, with North
Island-Coast communities deciding how to apply the funding across the region to
achieve the best possible benefits for local businesses and families. The trust
will also be able to develop partnership investments with business and various
levels of government to further develop and diversify the economic base of the
North Island-Coast region.
The success of the
trust’s investments will be demonstrated to the region over time by job
creation, business development and partnerships, and better integrated planning
among the region’s communities. The investments that North Island-Coast
communities make with the monies will generate significant economic growth in
the region for many generations to come.
The end goal is to
support regional decisions for economic development, complementing the
government’s strategy to create prosperity for all people in every region of
the province.
Hon. Colin Hansen
Minister of Economic Development
250 356-7411
-30-
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