Highlights RPP 06-07

• Atlantic Canada's economy has become more diversified, with new opportunities being pursued in the knowledge-based economy and the development of emerging sectors.
• Through the Atlantic Investment Partnership, an integrated modern approach to economic development designed to improve the climate for business growth in Atlantic Canada, ACOA will:
  • Invest in innovation - The Agency is investing another $300 million in R&D; projects through the Atlantic Innovation Fund.
  • Invest in communities - The Agency is investing $175 million, through the Innovative Communities Fund, in projects designed to increase economic development in Atlantic Canadian communities.
  • Invest in people - ACOA is investing $50 million in initiatives to foster entrepreneurship and business expansion, and to build, attract and retain skills in Atlantic Canada.
  • Invest in the business climate - ACOA is investing $65 million in initiatives to improve the climate for business growth, in areas such as trade development, investment attraction and tourism.
• Innovation remains a key priority, and ACOA will continue its proactive support to strengthen Atlantic Canada's R&D; and economic performance. The Agency's objective is to encourage more businesses to engage in R&D; and to make valuable research accessible to entrepreneurs who want to convert ideas into tangible goods and services, and to bring them to the marketplace.
• The Agency's investments are helping businesses in the region become more competitive, which is key to creating more and better employment opportunities and overall economic growth. To that end, ACOA works with entrepreneurs to ensure that they have the skills and support needed to succeed.
• ACOA is also committed to the development of trade opportunities for Atlantic Canadian businesses, helping them increase export sales and make valuable international contacts. In 2006-2007, the Agency will pursue increased opportunities for new markets and will provide current exporters with the support to maintain and increase their market share.
• ACOA will continue to work with its partners to increase access to capital and business information for entrepreneurs and foster greater opportunities for foreign investment, both of which are key to creating more employment opportunities and generating revenues in Atlantic Canadian communities.
• Since its inception in 1987, ACOA has supported the economic development of Atlantic Canadian communities, and will continue to do so in 2006-2007. The Agency will therefore continue to work with other levels of government and community groups to identify and encourage initiatives that will help local economies grow and flourish.
• ACOA will continue to champion the region at the national level, and to conduct policy research to ensure that the Agency's programs and activities meet the real and relevant needs of Atlantic Canadians.