Thank you, Mr. Chair.
And thank you to the representatives from Industry Canada who are undertaking this process to get broadband across rural communities across this country. Those of us who live in these areas know that you are on the ground and that you are utilizing that money even now to do those assessments. I shared an office building with somebody from Industry Canada, who was just down the hall, who has been working on this project over the last number of months and doing these assessments. For those of us in rural communities, we appreciate your endeavour and your efforts on this front.
In terms of the different allocations that were undertaken through vote 35, Industry Canada also received an amount for the Canadian Youth Business Foundation. You'll give me a better definition than I maybe have, but my understanding is that this organization allows for loans to be given to young entrepreneurs who are starting businesses and looking for ways to engage in the marketplace in their own communities. My understanding is that there has been a significant increase in the number of applications for this type of program this year.
There was $10 million allocated. I'm wondering if you could give me a little bit of a breakdown of that program, the jobs that are expected to be created as a result of that, and what the uptake or current status of that funding is.