Mr. Speaker, economic development is vital to my riding of Malpeque with its mix of large and small communities. Community economic development is a priority of ACOA. The $135 million strategic community investment fund is designed to help communities create an environment that encourages the development of strategic sectors.
In my riding alone, three projects will have a positive impact on the economic well-being of the communities of Cornwall, Kensington and North Rustico. The town of Cornwall will acquire a fire rated water supply to service its light industry. The town of Kensington will build a new industrial complex to encourage business investment in the area.
I am proud that the Government of Canada is investing over $1.15 million from the strategic community investment fund. It will assist the long term prosperity of Prince Edward Island and the Atlantic area.