Highlights of the ACOA Performance Report For the period ending March 31, 2001
Key ACOA Commitments:
ACOA had three broad goals in fiscal year 2000-2001:
1:
improved growth and competitiveness of Atlantic SMEs;
2:
increased economic opportunities for rural Atlantic Canada;
3:
greater economic activity through national policies sensitive to the needs of the region.
The achievement of these three broad goals was pursued through ACOA's six strategic priorities:
entrepreneurship and business skills development;
trade, tourism and investment;
innovation;
access to capital and information;
community economic development;
policy, advocacy and coordination.
ACOA Key Performance Results 2000-2001
Targets
Results
Promote venture capital
Support to five funds resulting in approximately 350 jobs in technologybased companies
Assist 1,000 SMEs to create jobs
Over 900 SMEs assisted (includes not-for-profit companies providing services in support of job creation)
Assist 40 exporters to secure new markets
45 existing exporters established in new markets
450 loans to young entrepreneurs
$4.5 Million for 389 loans to young entrepreneurs; employment impact 700 jobs
Enhance SME owner/operator management skills
In NB, 700 small business operators attended business management skills training; in NS and PEI, 500 SMEs participated in e-commerce awareness sessions
20 new partnerships for technology development and commercialization
32 new partnerships created
$10 of economic impact for every $1 spent on marketing by the Atlantic Canada Tourism Partnership marketing campaign
$8.95 economic return for the region for every $1 spent in marketing
Targets
Results
Communities' selfdevelopment and alternative employment in areas affected by the closure of the Atlantic groundfish fishery
New Community Capital Fund in NF - $3.3 Million in projects - 329 jobs
Canadian Fisheries Adjustment and Restructuring Program
8,000 enquiries/information requests and counselling sessions by CBDCs
Expanded access to government business services in rural and aboriginal communities
Targets
Results
Promote greater understanding of the economic challenges and opportunities facing the region
Launch of the Atlantic Investment Partnership
Improved access to federal contracts for Atlantic firms to build the industrial capacity of the region
$167 Million in Industrial and regional benefits for Atlantic firms on major crown projects
Coordination of economic development activities
Team Canada Atlantic mission to New England led by the Prime Minister resulted in over $2.3 Million in short term sales;
Team Canada Atlantic mission to Boston led by ACOA's Minister resulted in over $1.9 Million in short term sales
Productivity and Export Growth
In assisting the Atlantic Region to become a
leader in the global knowledge based economy,
ACOA programming has contributed to
productivity and exporting growth of Atlantic
SMEs. As a result of this success, ACOA clients
have repaid $154 million in contributions for
reinvestment in SMEs.
The contribution of ACOA programs to productivity growth rates is evident, especially in the manufacturing sector.
ACOA programming has made a difference in the number of exporters.
Growth in Number of Exporters - 1993 - 1997 (% increase)
To obtain the full Report:
Reports are public overviews of departmental accomplishments. Each department of the Government of Canada must submit a report annually. They are tabled in Parliament by the President of the Treasury Board on behalf of the ministers who preside over these organizations.
entrepreneurship and business skills development;
