Canada’s New Government Invests $15 Million in Primrose Lake Communities
BEAUVAL, SASKATCHEWAN (January 22, 2007) – Canada’s New Government today announced $15 million to improve the long-term economic viability of the Primrose Lake communities. The announcement was made by the Honourable Jim Prentice, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians. The department is sharing responsibility for this initiative with Western Economic Diversification Canada.
The funding will be used by the four Primrose Lake communities of Cole Bay, Jans Bay, Beauval and Île-à-la-Crosse and surrounding areas to promote regional economic development and economic infrastructure. The funding is intended to promote development in communities located near the Primrose Lake Air Weapons Range.”This investment in regional economic development and infrastructure will help to build stronger communities in Northern Saskatchewan,” said Minister Prentice. “For example, future projects could include the construction of resource access roads or the installation of business-related high-speed internet which will help to create job opportunities and increase economic prosperity. Through this funding, we will help to improve the lives of residents in the Primrose Lake region.”
Following discussions with the communities, Canada’s New Government has agreed to provide the funding over the course of one year instead of five years. This change occurred to better sustain the economic needs of the communities over a longer-term. As a result, the communities will benefit from the interest accrued on the total funding and will be able to provide capital more readily for projects. The funds will be transferred to the community-based, non-profit Primrose Lake Economic Development Corporation which, in turn, will place the funds into a professionally managed trust fund account. The Corporation will use revenues generated by the trust fund to support selected projects based on established eligibility criteria. Community representatives strongly favoured such a fund to allow more direct community involvement in selecting future projects.
For more information, please contact:
Special Assistant (Communications)
Office of the President of the Queen’s Privy Council for Canada, Office of the Minister of Intergovernmental Affairs and Minister of Western Economic Diversification
Tel: (613) 947-4407
Consultations, Marketing &
Western Economic Diversification
Tel: (306) 975-5943
Toll Free: 1-888-338-9378
Office of the Honourable Jim Prentice
Indian and Northern Affairs Canada
Backgrounder – Primrose Lake Air Weapons Range Economic Development Trust Fund Announcement