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|Atlantic Canada Opportunities Agency|
|Jurisdiction||Government of Canada|
|Headquarters||Moncton, New Brunswick|
|Minister responsible||Gail Shea, Minister of National Revenue, Minister of the Atlantic Canada Opportunities Agency, and Minister for the Atlantic Gateway|
|Agency executive||Paul J. LeBlanc, President|
The Atlantic Canada Opportunities Agency is the Canadian federal government agency responsible for helping to build economic capacity in the Atlantic Provinces by working with the people of the region – in their communities, through their institutions and with their local and provincial governments and businesses – to create jobs and enhance earned incomes. Planned spending for 2011-2012 consists of $170M for enterprise development, $100M for community development, $36M for internal services and $11M for policy, advocacy and coordination.
The Minister for the Atlantic Canada Opportunities Agency is the Honourable Gail Shea, P.C., M.P. She was appointed by the Prime Minister on February 22, 2013.
The head office is located in Moncton, New Brunswick with regional offices located in Fredericton, New Brunswick, Charlottetown, Prince Edward Island, Halifax, Nova Scotia and St. John's, Newfoundland and Labrador, as well as a liaison office in Ottawa.
ACOA is also responsible for a subsidiary federal Crown corporation named Enterprise Cape Breton Corporation (ECBC), which has a similar function to ACOA but a specific jursdictional mandate which includes all of Cape Breton Island and a portion of mainland Nova Scotia in and around the Town of Mulgrave.
Atlantic Innovation Fund
The Atlantic Innovation Fund (AIF) is a financing program run by the Atlantic Canada Opportunities Agency to help Canadian organizations in Atlantic Canada to develop innovative products and services. This program is highly-competitive. Project proposals go through an extensive external review and compete against other project within the funding round.
To be eligible for this program, the project must be based in Atlantic Canada, have a potential commercial value, include a large R&D component, and the funding requested must be greater than $1,000,000 CAD. The average funding level is about two million Canadian dollars per project. Average project duration is about 2 years.
- Enterprise Cape Breton Corporation
- Economic Development Agency of Canada for the Regions of Quebec
- Western Economic Diversification Canada
- Federal Economic Development Initiative for Northern Ontario
- Community Business Development Corporations