Western Economic Diversification Canada
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Up-front Multi-year Funding

Name of recipient

Primrose Lake Economic Development Corporation (PLEDC)

URL to recipient's website: www.pledco.ca

Start date

March 30, 2007

End date

March 30, 2027

Strategic Outcome

A growing and diversified western Canadian economy.

Link to organization's program(s)

Program 1.2: Community Economic Growth
Sub-Program 1.2.2: Community Development

Name of recipient

Primrose Lake Economic Development Corporation (PLEDC)

Description

Create a community controlled trust fund for economic development.

Comments on variances

Not applicable

Significant audit findings by the recipient during the reporting year, and future plan

No audits performed to date. Date for an audit in the future has not yet been identified.

Significant evaluation findings by the recipient during the reporting year, and future plan

The next evaluation is anticipated in fiscal year 2016/17.

Summary of results achieved by the recipient

During fiscal 2015-16, the Board reviewed and updated their Strategic Plan to 2017. PLEDCO formed strategic partnerships with other groups and invested in regional projects in tourism, fishing, forestry, and oil and gas, which may impact future years.

In September 2014, PLEDCO signed an agreement with Beaver River Community Futures Development to establish a loan fund to assist with the start-up/development costs for primary producers in the PLEDCO communities of Beauval, Ile-a-la-Crosse, Cole Bay, and Jans Bay. Primary producers are residents of communities who are involved in the commercial fishing, wild rice production or trapping industry.

PLEDCO continues to distribute funds based on new applications from the communities. Financial Statements are pending for 2015-16.

Total funding: $15,000,000

 

Performance Information (dollars)
2013–14
Actual spending
2014–15
Actual spending
2015–16
Planned spending
2015–16
Total authorities available for use
2015–16
Actual spending (authorities used)
Variance
(2015–16 actual minus 2015–16 planned)
$0 $0 $0 $0 $0 $0