(Peterborough, ON) – Dean Del Mastro, Member of Parliament for Peterborough, celebrated the launch of the new Community Infrastructure Improvement Fund in Ontario, which was announced today by the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Community and recreational facilities are now eligible for repairs and upgrades through the Fund.
“The Government of Canada is committed to creating jobs, growth and long-term prosperity in our communities,” said MP Del Mastro. “The Community Infrastructure Improvement Fund will boost economic activity in communities and help support job creation in the Peterborough Riding. By improving the quality of our community facilities, we are also contributing to building prosperous communities for Canadian families for years to come.”
FedDev Ontario is delivering the Fund in Ontario with an allocation of $49.6 million over two years.
Through the Fund, FedDev Ontario will support, on a cost-shared basis, repairs and improvements to existing community infrastructure that is accessible for use by the public. Local, regional and First Nation governments, as well as not-for-profit organizations with projects that can be completed before March 31, 2014 are invited to apply for funding.
Eligible recipients may receive contributions of up to $1 million and must leverage a minimum of 50 per cent of funding from other sources. In Ontario, priority may be given to projects that require a federal contribution of just 33.3 per cent of total project costs.
Applications for projects in Ontario must be submitted by 5:00 p.m. EDT on August 24, 2012. For detailed program guidelines and information on how to apply, please refer to www.feddevontario.gc.ca
This national program provides $150 million over two years to be delivered by regional development agencies across the country.