Western Economic Diversification Canada
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Report on Plans and Priorities 2015-16

Supplemental Information Tables

Up-Front Multi-Year Funding

Strategic Outcome

A growing and diversified western Canadian economy

Link to Department's Program Alignment Architecture

Program 1.2 – Community Economic Growth
Sub-program 1.2.2. – Community Development

Name of recipient

Primrose Lake Economic Development Corporation (PLEDCo)

Start date

March 30, 2007

End date

Not applicable

Description

To assist and promote economic development in the communities within the Primrose Lake Area and to enhance the long-term economic viability and sustainability of those communities.

Total funding approved

$15,000,000

Total funding received

$15,000,000

Planned funding in 2015-16

Not applicable

Planned funding in 2016-17

Not applicable

Planned funding in 2017-18

Not applicable

Summary of annual plans of recipient

PLEDCo will use the interest earned from the trust fund to support economic development initiatives, infrastructure projects, scholarships and operating costs.

In 2015–16, PLEDCo will work towards its objective of strengthening the local economy, including:

  • Continuing to support economic development initiatives in affected communities;
  • Focusing on large projects leading to long term economic prosperity for the region;
  • Identifying additional regional partners to help improve local economies in communities; and
  • Monitoring of the Primary Producers Program administered by Beaver River Community Futures.