ECBC will cease to exist and the division of employees will occur on royal assent. Employees delivering economic development will come over to ACOA and those responsible for real property and the former obligations of DEVCO will be deemed employees of Public Works so the transfer will be immediate. That being said, it will be very seamless in that employees residing in Sydney will not move. The next day they will become employees of our organization.
In terms of economic development, the employees of ECBC have been delivering the ACOA program for a number years so they are familiar with our programs. They will continue to deliver our programs. Economic development budgets associated with ECBC will be transferred to ACOA and rolled into ACOA programming.