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REGIONAL DEVELOPMENT CORPORATION

A. GENERAL DESCRIPTION:

Under the Regional Development Act, the Regional Development Corporation plays a significant role in matters concerning regional economic development between the Province of New Brunswick and the federal government. The Corporation is also involved in the coordination and financing of provincial economic development initiatives. (The delivery of programs and projects is primarily the responsibility of provincial line departments.) The Corporation also works with the Atlantic Canada Opportunities Agency on a range of regional economic development projects and issues in New Brunswick.

B. MANDATE/PROGRAM SYNOPSIS:

Federal-Provincial Agreements

Regional Economic Development Agreement (REDA)

Youth Community Assistance Program

Aboriginal Economic Development.

C. PROGRAMS, POLICIES OR INITIATIVES IDENTIFIED BY THE CORPORATION AS IMPACTING ON WELLNESS:

Youth Community Assistance Program (YCAP) _ This program provides assistance to non-profit organizations and municipalities to build community facilities geared toward young people. This program contributes up to 30 percent of the total costs of a project, to a maximum of $30,000.

Regional Economic Development Agreement (REDA) _ The agreement provides a tool for federal and provincial departments as well as non-commercial crown corporations to fund development priorities focusing on economic development in New Brunswick. It helps improve the competitiveness of the province by encouraging investment in key development areas such as trade, technology, infrastructure, human resources, and entrepreneurship.

Acadian Peninsula Economic Development Initiative _ RDC provides overall management for the Acadian Peninsula Economic Development Fund (APEDF).

Aboriginal Economic Development _ The "Aboriginal Economic Development Program" and the "Aboriginal Economic Development Fund" provide flexible means to the Government of New Brunswick to carry out its mandate under the "Joint Economic Development Initiative". The primary purpose is to provide funding for activities and initiatives that cannot otherwise be funded under other federal and provincial programs, or where funding from other sources is inadequate to allow the initiative to proceed.

D. EMPLOYEE WELLNESS:

Employee and Family Assistance Program, smoke-free workplace, health break facilities, sponsor staff to attend various seminars, sponsor social activities, etc.


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