Mr. Speaker, FedDev Ontario approved a repayable contribution for COMDEV in the amount of $5,218,293 under the southern Ontario development program.
In response to (a), to date, COMDEV has submitted project expense claims and has been reimbursed $4,696,464 in SODP funding.
In response to (b), COMDEV was approved for a repayable contribution. The final amount of funding reimbursed to COMDEV, not to exceed $5,218,293, is to be repaid. I
n response to (c), repayment for SODP projects is managed consistent with Treasury Board policy and directive on transfer payments.
In response to (d), projects involving repayable contributions entail an assessment of applicant financial track record and cashflow forecasts to determine manageable repayment schedules that are consistent with Treasury Board policy and directive on transfer payments. It is not the practice of regional development agencies, including FedDev Ontario, to secure repayable contributions with recipient assets.
In response to (e), Treasury Board approved terms and conditions for SODP are applied to all funded SODP projects. In accordance with the Access to Information Act, supplementary FedDev Ontario conditions for repayable contributions are not made public without consultation with concerned third parties.
In response to (f), the COMDEV SODP project has surpassed the short-term job projection target of 17 jobs with 20 positions currently in place. Additional jobs are anticipated over the longer term to support growth generated through availability of new technology and supply of data services.
In response to (g), in accordance with the Access to Information Act, applications for funding are not made public without consultation with concerned third parties.
In response to (h), in accordance with the Access to Information Act, contribution agreements are not made public without consultation with concerned third parties.