January 26, 2016
Three Newfoundland and Labrador companies will receive a total investment of $750,000 from Venture Newfoundland and Labrador, a venture capital fund established by the Government of Newfoundland and Labrador and managed by Pelorus Venture Capital Ltd. The fund is designed to provide greater access to capital for innovative entrepreneurs with high-growth potential start-ups.
January 26, 2016
Newfoundland and Labrador's All-Party Committee on Mental Health and Addictions reconvened yesterday to discuss next steps in fulfilling its mandate. The committee will develop recommendations with the goal of improving programs and services for individuals and families affected by mental illness and addictions.
January 25, 2016
The Honourable Cathy Bennett, Minister of Finance and President of Treasury Board, has again reaffirmed the Provincial Government’s commitment to protect Newfoundland and Labrador’s credit ratings. These comments are in response to a statement released today by Moody’s Investor Service confirming the province’s credit rating remains at Aa2 while the outlook for the province has been changed from stable to negative.
January 19, 2016
As part of the Provincial Government’s commitment to providing leading edge telecommunications services and infrastructure, $251,790 is being invested in rural broadband access. Five rural Newfoundland and Labrador communities will receive broadband coverage as a result of the investment. The Honourable Christopher Mitchelmore, Minister of Business, Tourism, Culture and Rural Development, made the announcement today at By the Sea Café in King’s Point.
January 18, 2016
Newfoundland and Labrador’s 2016 tourism advertising campaign was officially launched today with the release of the latest television ad under the successful Find Yourself campaign. Entitled Crayons, the new ad features colourful place names from various regions of the province, such as Rose Blanche and Flower’s Cove. For the first time, the television spot features a musical score with lyrics. The song Colours, written by Kira Willey, is performed by Catherine Allan of Fortunate Ones.
January 15, 2016
Work continues to progress on the infrastructure, resources and professional learning required to support the implementation of full-day Kindergarten in Newfoundland and Labrador in September 2016. An update was provided today at one of the four demonstration classrooms being used for professional learning across the province.
January 13, 2016
Syrian refugees were officially welcomed today at a reception hosted by the Association for New Canadians (ANC). Newfoundland and Labrador’s newest residents were greeted by the Honourable Dwight Ball, Premier of Newfoundland and Labrador, and the Honourable Gerry Byrne, Minister of Advanced Education and Skills.
January 12, 2016
Newfoundland and Labrador is facing mounting debt, increasing interest and borrowing costs, a credit rating downgrade, and restricted ability to support key government programming. In response to this difficult fiscal reality, the Provincial Government is launching the multi-year Government Renewal Initiative to identify a combination of measures to eliminate the province's deficit and move forward with a sustainable budgetary framework for Newfoundland and Labrador.
December 22, 2015
Today the Provincial Government announced immediate actions to begin to address the difficult fiscal reality the province is facing. These measures include a comprehensive review of the Muskrat Falls project as well as adjustments in hiring, discretionary spending, re-allocation of savings, use of consultants and travel.
December 22, 2015
Addressing the new fiscal reality facing Newfoundland and Labrador is the top priority for the Provincial Government. Today the Honourable Dwight Ball, Premier of Newfoundland and Labrador, along with the Honourable Cathy Bennett, Minister of Finance and President of Treasury Board, released the province’s 2015-16 Fiscal and Economic Update. The projected deficit has been revised to $1.96 billion, an increase of $869.5 million over the Budget 2015-16 projection of $1.093 billion.