RDC-Restigouche-Chaleur Economic Development Fund

This document is based on information from the Regional Development Corporation Web site, February 2008.

Facing many economic challenges due to the gradual downsizing in the mining sector and rationalization in the forestry sector in the Restigouche-Chaleur region, the provincial government is implementing a $30 million Restigouche-Chaleur Economic Development Fund (RCEDF).

Eligibility Criteria

The RCEDF will provide assistance to community-driven initiatives in support of the following themes.

Education & Training
Research & Development
Economic Diversification
Strategic Infrastructure

The RCEDF expires April 30, 2009.

Summary

Under the management of the Regional Development Corporation, the purpose of the RCEDF is to provide funding for economic and social development activities that are consistent with the objectives of a regional Action Plan. The Action Plan, which was developed by the community to guide the implementation of the RCEDF, is a long-term initiative that identifies short, medium and long-term objectives to address the challenges facing the region.

The RCEDF is designed to be a complementary source of financial assistance to regular departmental budgets, other financial assistance programs and designed to support commercial and non-commercial initiatives. All initiatives must be submitted and sponsored by a department, an agency or Crown Corporation in order to be eligible for funding under the RCEDF.

For more information, contact the Regional Development Corporation or visit the Web site:  http://www.gnb.ca/0096/Restigouche-Chaleur/index-e.asp.

New Brunswick Contact(s):
Regional Development Corporation
836 Churchill Row
P. O. Box 428
Fredericton, New Brunswick  E3B 5R4
Telephone: 506-453-2277
Fax: 506-453-7988