Nine Cantons-de-l'Est organizations receive a total of over $2 million in financial assistance from CED.
SHERBROOKE, QC, Aug. 3, 2023 /CNW/ - Canada Economic Development for Quebec Regions (CED)
A key driver of the economy, the Canadian tourism industry generated more than $100 billion in annual revenues before being hit hard by the pandemic. That is why the Government of Canada launched the Tourism Relief Fund (TRF), a $500M pan‑Canadian initiative to help businesses and organizations in this sector overcome the impacts of the pandemic and position themselves for the future. The initiative, administered by CED in Quebec, ended on March 31, 2023.
Today, the Honourable Marie‑Claude Bibeau, Member of Parliament for Compton–Stanstead and Minister of Agriculture and Agri‑Food, is announcing, on behalf of the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, a total of $2,034,730 in financial contributions for nine Cantons‑de‑l'Est tourism organizations that have received support from CED under the TRF.
They include the Corporation Ski & Golf Mont‑Orford, the Moulin à laine d'Ulverton, the Zoo de Granby, Auberge du changement d'ère, Hébergement aux Cinq Sens, Camping de la rivière Nicolet, the Vallée heureuse du Mont Élan, Camping Aventure Mégantic and La Halte des Pèlerins. This announcement follows a series of strategic investments made by CED under this initiative; a report on the TRF was unveiled on June 28, 2023.
Further details on the nine projects are provided in a related backgrounder. In addition to helping increase tourist traffic in the Cantons‑de‑l'Est region, these projects will make it possible to attract potential clients to several regional businesses.
The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec's economic recovery relies, among other things, on a strong tourism industry with organizations rooted in the regional economy. The players in this sector are major contributors to growth, as well as key assets in rebuilding a stronger, more resilient, greener, and more inclusive economy.
"The tourism industry is essential to economic development in the Cantons‑de‑l'Est region. The Government of Canada's support for these nine projects, including the one by La Halte des Pèlerins, will make our magnificent region event more attractive."
The Honourable Marie‑Claude Bibeau, Member of Parliament for Compton–Stanstead and Minister of Agriculture and Agri‑Food
"Through the tourism industry, we can showcase Canada's attractions, culture, and diversity to visitors from around the world. Our government has always been very aware of the importance of tourism to the country and continues to be here for businesses and organizations in this sector. The investments announced today will help nine dynamic homegrown organizations look to the future. Their projects represent excellent news for the Cantons‑de‑l'Est region and its tourism industry, which is so rich and diverse."
The Honourable Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED
- Tourism accounts for $102 billion in annual economic activity, 1.8 million jobs and 2% of Canada's GDP.
- The TRF was specifically created to help tourism businesses and organizations offer innovative products and services to visitors and prepare to welcome international travellers again.
- With a national budget of $500 million, including $485 million administered by the regional development agencies (RDAs) and $15 million by Innovation, Science and Economic Development Canada (ISED), the TRF is part of the $1 billion in tourism support announced in Budget 2021. This initiative ended on March 31, 2023, in Quebec.
- In Quebec, the TRF made it possible to support 292 projects over the last two years. This assistance, totalling $110,623,941, complements all the actions taken by different partners, including the Government of Quebec.
- CED is a key federal partner in Quebec's regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow's economy.
- News release on the TRF report, issued on June 28, 2023
- Tourism Relief Fund
- CED funding initiatives and programs
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Consult CED's news
SOURCE Canada Economic Development for Quebec Regions
Media Relations, Canada Economic Development for Quebec Regions, [email protected]; Kimberly Luce, Advisor for Quebec, Office of the Minister responsible for Canada Economic Development for Quebec Regions, Cell.: 418-576-0934, [email protected]
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