Lauzon Invests in Chesterville Waterfront to Stimulate Local Economy

September 03, 2009

Chesterville, Ontario - Guy Lauzon, MP for Stormont-Dundas-South Glengarry, today announced that after 15 years, the Chesterville Waterfront Redevelopment Project is moving forward thanks to an investment of nearly $1.5 million to stimulate local economies under the Community Adjustment Fund (CAF) in Southern Ontario.

These investments will create immediate employment opportunities and support local economies in communities throughout Southern Ontario with populations of fewer than 250,000 that rely heavily on manufacturing and natural resources.

“This has been a visionary project for the village of Chesterville for years,” said MP Lauzon. “I am so proud and honoured to be making the announcement that this project will finally be moving forward. A lot of thanks and appreciation goes to the members of the community who contributed their time to bring this vision together.”

“This is a great day for the village of Chesterville and the entire municipality”, said North Dundas Mayor Alvin Runnalls. “We’ve had a tough time since the closure of Nestle’s, and this announcement brings good news to the community. It will hopefully attract more visitors, and more residents to the area.”

Recipient	Project Title	Federal Investment (up to $)
Township of North Dundas	Chesterville Waterfront Development Project	$1,492,000 (93.54% funding)

This project was part of the up to $102 million investment made through the Community Adjustment Fund for 2009-2010, announced on August 27 by the Honourable Gary Goodyear, newly appointed Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). It is the government's intention to support a total of 90 projects in communities across Southern Ontario that are struggling with the effects of the global economic downturn.

Approved projects must meet the terms and conditions set out in their funding agreements. A complete list of approved projects in Southern Ontario will be made available online at www.ic.gc.ca/caf on September 10, 2009.

Applications for 2010-2011 CAF project funds will be accepted by FedDev Ontario later this year. A public announcement will be made once details are finalized.

CAF is just one in a series of initiatives introduced in the Government of Canada’s Economic Action Plan designed to address the short-term effects of the economic decline on communities across Canada, while preparing our communities for long-term growth. For more information on Canada’s Economic Action Plan, please visit www.actionplan.gc.ca.