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The investment principles are meant to serve as a guideline for the
development of economic adjustment programming. They are:
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Leverage - In order to maximize economic benefits,
the fund must be used to leverage other sources of funding, both private
and public. The fund must be used by the private sector to maximize
economic benefits.
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Focus on Long-term Sustainable Growth - Projects
should demonstrate that they are viable and can be sustained for a long
period of time.
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Incremental to Existing Programming - The
fund must be incremental to existing programming. Existing programs must
continue to play a significant role in the economic renewal process and
CBGF funding cannot replace those programs.
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Job Creation - The ability of a project to facilitate
long-term sustainable job creation is paramount. Programming and project
selection will be rigorous to ensure that all resources are used to
create jobs. Infrastructure projects must demonstrate a clear and
definitive link to future commercial activity which can create
sustainable jobs for residents.
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Results Management - There needs to be a clear
framework for measuring the results of a CBGF investment.
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