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Industry committee The focus of late has been on internal efficiency within ACOA and not necessarily on programs at this point. So our attention is turned internally.
March 10th, 2011Committee meeting
Kent Estabrooks
Industry committee This is getting back to the question of the percentage, which I don't have.
March 10th, 2011Committee meeting
Kent Estabrooks
Industry committee Thank you for the question. Every contribution ACOA gives to business or a not-for-profit organization is subject to a contribution agreement. In the provisions of those contribution agreements, there are many of them, and they certainly contain provisions for us to collect moneys back if the projects did not get conducted as intended.
March 10th, 2011Committee meeting
Kent Estabrooks
Industry committee I don't have the collection rate with me today, but I'd be happy to get that for the committee. I can say, however, that of those contributions we make that are repayable we collect back in excess of in the range of $47 million to $55 million per year, on average.
March 10th, 2011Committee meeting
Kent Estabrooks