Atlantic Canada Opportunities Agency

Atlantic Canada Opportunities Agency

Agency overview
Formed	1987
Jurisdiction	Government of Canada
Headquarters	Moncton, New Brunswick
Minister responsible	Rob Moore, Minister of State (ACOA) and Regional Minister for New Brunswick. and Newfoundland and Labrador
Agency executive	Paul J. LeBlanc, President
Website	www.acoa-apeca.gc.ca

The Atlantic Canada Opportunities Agency is the Canadian federal government agency responsible for helping to build economic capacity in the Atlantic Provinces by working with the people of the region – in their communities, through their institutions and with their local and provincial governments and businesses – to create jobs and enhance earned incomes. Planned spending for 2014-2015 consists of $165 million for enterprise development, $87M for community development, $25M for internal services and $11M for policy, advocacy and coordination.

The Minister for the Atlantic Canada Opportunities Agency is the Honourable Rob Moore, P.C., M.P. He was appointed by the Prime Minister on 15 July 2013 in a Cabinet Shuffle.^[1]

The head office is located in Moncton, New Brunswick with regional offices located in Fredericton, New Brunswick, Charlottetown, Prince Edward Island, Halifax, Nova Scotia and St. John's, Newfoundland and Labrador, as well as a liaison office in Ottawa.

ACOA is also responsible for a subsidiary federal Crown corporation named Enterprise Cape Breton Corporation (ECBC), which has a similar function to ACOA but a specific jurisdictional mandate which includes all of Cape Breton Island and a portion of mainland Nova Scotia in and around the Town of Mulgrave.

Atlantic Innovation Fund

The Atlantic Innovation Fund (AIF) is a financing program run by the Atlantic Canada Opportunities Agency to help Canadian organizations in Atlantic Canada to develop innovative products and services. This program is highly competitive. Project proposals go through an extensive external review and compete against other project within the funding round.

To be eligible for this program, the project must be based in Atlantic Canada, have a potential commercial value, include a large R&D component, and the funding requested must be greater than $1 million CAD. The average funding level is about $2 million per project. Average project duration is about two years.

See also

• Enterprise Cape Breton Corporation
• Economic Development Agency of Canada for the Regions of Quebec
• Western Economic Diversification Canada
• Federal Economic Development Initiative for Northern Ontario
• Community Business Development Corporations

References

1. ↑ http://www.theglobeandmail.com/news/politics/a-full-list-of-the-new-and-old-faces-in-stephen-harpers-cabinet/article13219614/

External links

• Atlantic Canada Opportunities Agency Official Website
• Atlantic Canada Opportunities Agency Act text
• Atlantic Canada Opportunities Agenc Report
• ACOA FAQ
• Atlantic Innovation Fund Official Website

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