MPP Steve Clark announces project from the Rural Economic Development Program
RIDEAU LAKES – Today, Steve Clark, MPP for Leeds-Grenville-Thousand Islands and Rideau Lakes announced that the project to resurface the Chaffey’s Lock Bridge on the Cataraqui Trail will receive up to $22,500 in funding through Ontario’s Rural Economic Development (RED) program. Resurfacing the bridge, which has reached the end of its life and requires replacement will ensure that Rideau Lakes and the surrounding communities will be able to continue to take advantage of such a beautiful and historic site.
This is one of more than 60 projects the Ontario government is supporting to help diversify local economies, retain skilled workers, and create jobs in communities like Rideau Lakes. The Province is committing a total of $5 million in cost-share funding in this latest intake of the RED program.
The funding announced for Rideau Lakes will help to ensure the continued use of the bridge and will bring economic development and opportunities to the community.
“The Chaffey’s Lock Bridge is an important piece of local history for the community and for the region,” said MPP Clark. “I am proud to have been a strong advocate for this project and am excited that, with this investment by the Ontario Government, this bridge can continue to be a focal point for the area.”
“Supporting local jobs and economic development in rural communities is more important than ever,” said Lisa Thompson, Minister of Agriculture, Food and Rural Affairs. “As the economy continues to reopen, our investments in the Rural Economic Development program will have a very real impact for communities across rural Ontario.”
In addition, the Ontario government is committing $5 million in cost-share funding under the next intake of the RED program to help rural communities implement additional economic growth plans to address the economic impacts of COVID-19. The new RED intake will open on August 30.
Ontario’s Rural Economic Development (RED) program will allow rural communities to better respond to the local economic impacts of the pandemic, by supporting actions that will address barriers to economic development, and better position rural communities for economic growth and job creation.
Economic growth in rural and Indigenous communities during COVID-19 is part of the government’s plan to get every region of Ontario back on track so they can create jobs, opportunity and prosperity for everyone.
- Municipalities, not-for-profit entities, Ontario Indigenous communities and organizations, and local services boards are eligible for the Rural Economic Development program.
- The RED program offers two project streams:
o Economic Diversification and Competitiveness: Projects that remove barriers to business and job growth, attract investment, attract or retain a skilled workforce, strengthen sector and regional partnerships and diversify regional economies.
- Strategic Economic Infrastructure: Minor capital projects that advance economic development and investment opportunities.
- The province will contribute up to 50 per cent of eligible project costs to a maximum of $150,000 for the Economic Diversification and Competitiveness Stream, while the province will invest up to 30 per cent of eligible project costs to a maximum of $250,000, for the Strategic Economic Infrastructure Stream.
- The RED program supports projects with tangible benefits to rural and Indigenous communities that help to attract business, investment, and create jobs, while also providing greater value for taxpayer dollars.