Madam Speaker, I am pleased to rise today in this House to speak to Bill C-9, an act to establish the Economic Development Agency of Canada for the Regions of Quebec.
Our government has set itself the objective of ensuring the success of Canadians in each and every region of our country. Its intention is to support our fellow citizens, as far as is possible, in the realization of their aspirations for prosperity and an enhanced quality of life. This is the context within which the Economic Development Agency of Canada fulfills its mandate to promote the economic development of the regions of Quebec. To that end, it pays particular attention to all the regions of Quebec, especially those with a slower growth rate and insufficient jobs for the size of their population.
In my capacity as a member of Parliament, I have had the opportunity to see for myself the work done by the agency to ensure the regional economic development of Quebec and improve its residents' quality of life. The agency has, for instance, made the financial commitment to provide over $1.02 billion for 2,116 projects during 2003-04. When investments from other funding bodies are factored in, the total value of these projects represents an injection of over $3.9 billion into the economy of the various regions of Quebec.
What is more, these projects have contributed to the creation, conversion or maintenance of close to 13,700 jobs in all of the regions of Quebec, regions such as Chaudière-Appalaches, where $60,000 from Canada Economic Development has enabled Soliroc Metal to enhance its productivity. With this financial assistance, the company was able to acquire more efficient equipment, and as a result to raise its productivity by 60%. This is one example of the kind of projects Canada Economic Development has supported, which have highly positive economic spinoffs for the competitive position of a company, thereby enabling it not only to continue to grow, but also to play a vital role within its community.
In the Quebec City area, the National Optics Institute received a $3.6 million contribution from Canada Economic Development to implement a research program in agrophotonics. The purpose of this research campaign is to bring together two major areas of activity in the region, namely agro-processing and optics-photonics technologies.Canada Economic Development wanted to support this regional initiative because it consolidates the institute's leading position in the industry and paves the way for various economic development projects in many regions of Quebec.
In the Lower St. Lawrence region, a marine biotechnology research centre was set up with a contribution of $7.6 million from Canada Economic Development. To carry out its work, the centre plans to create 24 direct jobs and 75 spin-off jobs. In addition, the centre's activities will bring top researchers to the region as well as new companies. I should add that these research facilities are a priority for the people of the Lower St. Lawrence region.
That is why Canada Economic Development wanted to be involved in carrying out this project as part of its commitment to support initiatives that best respond to the needs of the public and that build on a region's strengths. In turn, such projects help fulfil economic development opportunities in the regions that welcome them and elsewhere in Quebec.
These examples are representative of what Canada Economic Development does. They also show how important promotion and innovation throughout Quebec is to the agency. This priority stems from our government's commitment to building the robust and innovative economy that we all want for our country in the 21st century. In addition, the projects I mentioned illustrate Canada Economic Development's goal, which is to strengthen the niches of excellence specific to each region of Quebec. In all, in 2003-04, the agency invested $54.6 million in 739 innovative projects in Quebec. These investments have led to the creation, transformation or maintenance of 4,796 jobs. Furthermore, even the promoters have said that, without the financial support of Canada Economic Development, 55% of the projects would never have materialized.
In an effort to facilitate a culture of innovation in Quebec regions, Economic Development Canada and Agriculture and Agri-food Canada granted $3.6 million to the Université du Québec en Abitibi-Témiscamingue for its participation in an important research project on the development of a new kind of beef that could meet increased consumer demands.
Again, I would like to specify that the achievement of this project is the product of the desire of the region's researchers and cattle producers. This initiative should not only consolidate 34 jobs but also increase the earnings of companies in this area by 15% to 20%.
As I said earlier, the Economic Development Agency of Canada for the Regions of Quebec also helps communities to take control of their own development by focusing on their assets. The agency tries to facilitate public interest initiatives that could have major regional impacts and create significant snowball effects on regional economic activities. The agency works with a network of collaborators comprised of the 57 Community Futures Development Corporations, the 15 Community Economic Development Corporations and the 9 Business Development Centres.
During budget year 2002-2003, projects that were granted loans by CFDCs generated investments of $135 million in the regions. The loans amounted to $45 millions. The nine BDCs participated in 222 investment projects and 570 technical assistance projects.
It is in the context of the partnership between Economic Development Canada and the CFDC network in Quebec that AFER, Aide aux femmes entrepreneures en milieu rural, was implemented. This pilot project involved establishing a fund to promote women entrepreneurship in rural areas. The 12 CFDCs participating in the initiative represent the following regions: Gaspésie—Îles-de-la-Madeleine, Bas-Saint-Laurent, Abitibi-Témiscamingue, Côte-Nord, Saguenay, Mauricie, Chaudière-Appalaches and Montérégie. To date, the AFER program has made it possible to help 93 businesswomen; 31 businesses were started; and 60 jobs were created in various regions of Quebec.
The AFER Canada fund is consistent with the Government of Canada's commitment to promote greater involvement of women in the economy of all Quebec regions and initiatives to diversify development opportunities in various Quebec communities.
As I said a moment ago, Economic Development Canada is involved in all Quebec regions.