- Provincial News
- January 30, 2017
Boosting Economic Growth in Rural Ontario
Province Renewing Rural Economic Development Program
Ontario is supporting local projects that will attract investment, create jobs and boost economic growth in rural communities through the renewed Rural Economic Development (RED) program.
The province is now accepting applications for the renewed RED program, which bolsters economic growth in rural and Indigenous communities across Ontario by providing support for projects that allow rural municipalities and partners to diversify and grow their local economies.
Communities can use this support to remove barriers to local economic growth through initiatives such as developing a downtown revitalization plan or implementing a tourism-related marketing and promotion strategy to attract businesses, investors and visitors to their city.
Supporting economic growth in rural and Indigenous communities is part of our plan to create jobs, grow the economy and help people in their everyday lives.
- Ontario is investing $5 million in funding every year under the RED Program to support community economic development.
- Since 2013, the Rural Economic Development program has committed more than $8 million towards almost 160 community economic development projects, generating over $25 million in new economic activity and creating and supporting more than 600 jobs.
- In 2016, the government approved 38 RED community projects representing a total investment of up to $1.7 million.
- Projects range from initiatives to help attract investment to rural communities, to the creation of a strategic economic development plan for an Indigenous community, to the restoration and rehabilitation of Canada’s first railway tunnel.
- The renewed RED program is now open. Applications will be accepted from rural communities, Indigenous communities and organizations, and not-for-profit organizations.