The Community Development Trust in Nova Scotia
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The Governments of Canada and Nova Scotia announced March 28, 2008 the creation of a Community Development Trust in Nova Scotia to aid vulnerable communities experiencing difficulties due to the impacts of globalization, the economic slowdown in the United States and the rapid appreciation in the Canadian dollar. See the press release here.
The Trust will provide Nova Scotia with $34.9 million in funding over the next three years. The funds will be administered by the province and meet the objectives of the Community Development Trust.
In Nova Scotia the Trust will be used to enhance sustainable prosperity in the areas of:
- economic and trade diversification;
- improved productivity, innovation and training;
- preparing for and developing community transition plans;
- helping workers who are facing adjustment challenges.
The province recognizes that sustainable communities are crucial to the future strength and prosperity of the province. The Community Development Trust will support community development and diversification.
The Government of Nova Scotia endorses and is committed to the following guiding principles for the administration of the Community Development Trust:
Local Leadership - communities must play a leadership role in all initiatives.
Flexibility - initiatives must be adaptable, innovative and creative, in order to transform unpredictable challenges into new opportunities.
Sustainable Economies - initiatives must reflect social prosperity and sustainable competitiveness.
Focus on Community Assets - initiatives must build on existing community capacity and assets.
Collaborative Approach - initiatives must acknowledge that governments, business and communities share the responsibility of long-term prosperity.
Measurable Impact (Accountability) - initiatives must demonstrate anticipated economic benefits exceed anticipated costs.
Social Inclusion - all community members have the opportunity to become engaged and are able to access an initiative’s social and economic benefits.
Balance - initiatives must recognize that the economy, environment and people are interconnected with sustainable communities.
Forward looking - initiatives must be forwarding looking, with investments based on what we know and can predict about the future.
How do you access the Community Development Trust:
Community stakeholders who would like to access the trust will work with provincial government departments and agencies to develop proposals for funding under existing departmental programs. The minimum submission is $100,000.
Government departments and agencies will then forward proposals meeting the requirements of the Trust to the Department of Economic Development. The proposals are then prepared for review by an inter-departmental steering committee. All submissions will require Executive Council approval. Government departments and agencies will accept proposals until March 2011. All funding must be spent by March 31, 2012.
For additional information on the Community Development Trust Program proposal format see:
 Community Development Trust Program Proposal Format
Individual departments will have additional information requirements depending on the program accessed.
News Releases:
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