Outaouais SADCs receive $7.3M for economic development

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Added: Wed, 07/03/2019 - 6:18pm
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Allyson Beauregard

The Community Futures Development Corporations (SADCs) of Pontiac, Papineau and the Vallée-de-la-Gatineau have agreed to a new five-year agreement which will see them receive $7,339,723 million in federal government funding.
The new funds, which represent both an increase and longer duration agreement than the former one that spanned from 2016-2019, will help the SADCs to continue to pursue their mission, improve their services, and better meet the needs of the community. 
SADC Pontiac will receive $2,328,666, while SADC de Papineau will be granted $2,678,666 and SADC Vallée-de-la-Gatineau $2,332,391; through the 2016-2019 agreement the Pontiac and Gatineau SADCs each received $1,246,086 while Papineau was awarded $1,456,086.
“The additional funding will allow the SADC Pontiac team to continue working on ongoing local economic development projects. The five year agreement allows us to plan longer-term projects and programs for our local business community,” said Rhonda Perry, SADC Pontiac director general.
Improvements in the agreement renewal include new funds granted to SADCs according to their region’s socioeconomic situation and potential for development. SADCs will be enabled to better address the issues faced by the municipalities that are in the most need of assistance.