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Appropriate Minister
The Honourable Joseph McGuire,
P.C., M.P.
Minister of the Atlantic Canada Opportunities Agency
Chairperson and Chief Executive Officer
Rick Beaton
Head Office
70 Crescent Street
PO Box 1264
Sydney, NS
B1S 2Z7
Telephone: (902) 564-7330
Facsimile: (902) 564-3825
Web site:
www.cbgf.ca
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Auditor
Auditor General of Canada
Incorporation and Status
August 25, 2000, pursuant to the Canada Business Corporations Act,
as a wholly owned subsidiary of the Enterprise Cape Breton Corporation and
directed to report as if it were a parent Crown corporation (P.C.
2000-1341); an agent of Her Majesty.
Mandate
To promote and assist, either alone or in conjunction with any person
or the governments of Canada or of Nova Scotia or any agency of either of
those governments, the financing and development of industry on Cape
Breton Island to provide employment outside the coal producing industry
and to broaden the base of the economy of Cape Breton Island.
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Corporate Profile
The Cape Breton Growth Fund Corporation (CBGF) was incorporated on August 25,
2000 as a wholly owned subsidiary of the Enterprise Cape Breton Corporation
(ECBC), a federal Crown corporation with a mandate for economic development on
Cape Breton Island and in the Mulgrave area. As such, the CBGF is vested with
the same broad economic mandate and flexible powers as ECBC. Although
established as a wholly owned subsidiary, CBGF has been deemed to be a parent
Crown corporation for the purposes of Part X of the Financial Administration
Act and therefore has its own board of directors and is required to report
separately to Parliament through its own corporate plan summary and annual
report.
The Governor in council has directed that after the
Corporation's funding is fully committed, the remaining assets and liabilities
are to be transferred to Enterprise Cape Breton Corporation and the Corporation
is to be dissolved.
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Appropriate Minister
The Honourable Joseph McGuire,
P.C., M.P.
Minister of the Atlantic Canada Opportunities Agency
Chairperson and Chief Executive Officer
Monique Collette
Head Office
70 Crescent Street
PO Box 1750
Sydney NS
B1S 2Z7
Telephone: (902) 564-3600
Facsimile: (902) 564-3825
Web site:
www.ecbc.ca
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Auditor
Auditor General of Canada
Incorporation and Status
1988 by the Enterprise Cape Breton Corporation Act (Part II of
the Government Organization Act, Atlantic Canada,
1987 [S.C. 1988, c. 50]); Schedule III, Part I of the Financial
Administration Act; an agent of Her Majesty.
Mandate
To promote and assist the financing and development of industry on Cape
Breton Island and a portion of mainland Nova Scotia in and around the Town
of Mulgrave; to provide employment outside the coal-producing sector; and
to broaden the base of the local economy.
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Corporate Profile
The Enterprise Cape Breton Corporation (ECBC) takes a lead role in creating a
business environment that fosters sustainable job creation and economic growth
on Cape Breton Island and the Mulgrave area of Nova Scotia. It promotes these
objectives in cooperation with the private and public sectors.
Part of ECBC's role in the economic development of Cape Breton Island is the
delivery of the Atlantic Canada Opportunities Agency (ACOA) programs. A portion
of ECBC staff and time is dedicated to the delivery of these programs. ECBC
strives to ensure that its development activities do not duplicate the programs
of ACOA or other government departments.
ECBC has received additional allocations due to the closure of the Cape
Breton Development Corporation (Devco), the federal Crown corporation
responsible for coal mining on Cape Breton Island. ECBC has received an
additional $10 million to be used for community economic development in those
communities most affected by the closure.
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