Innovation, Trade and Rural Development
December 28, 2006Community
Groups Pursue Innovative Projects to Grow Province�s Economy
Across Newfoundland and Labrador, community economic
development organizations are seeking new ways to grow the economy of
their regions.
�There are many creative people throughout Newfoundland and Labrador who
are identifying innovative ways to diversify and strengthen their local
economies,� said the Honourable Trevor Taylor, Minister of Innovation,
Trade and Rural Development. �In the past several months, government has
provided funding from our Regional/Sectoral Diversification Fund to
support a number of those innovative projects.�
On the Avalon Peninsula, the St. Mary�s Bay Centre Development
Association is assessing the feasibility of a shark sports fishery in
St. Mary�s Bay. From August to September of 2004, under the supervision
of the Marine Institute, the association conducted a test fishery with
two boats and caught 36 sharks. This year the association received
$12,108 from the department�s Regional Sectoral/Diversification Fund (RSDF)
to complete the study, catching sharks in June and July. The local
tourism industry sees shark fishing as a way of enhancing the local
tourism product and extending the tourism season. Shark fishing attracts
hundreds of anglers and thousands of tourists in Nova Scotia annually.
On the island�s south coast, the Fortune Bay East Development
Association is preparing a profile of the fresh water resources of
Gisborne Lake to attract private investment. The 10-kilometre long lake
has a clean, granular bottom and has excellent water quality. The
association hopes that by making available details of the lake and the
surrounding infrastructure, local development officers will be able to
use the study as a prospectus to attract businesses to the area to
develop a local water bottling industry. The Department of Innovation
Trade and Rural Development is contributing $1,875 towards the cost of
the study from its RSDF program.
In central Newfoundland, the Gambo-Indian Bay Development Association
has been investigating the use of birch sap for use in pharmaceutical
applications and food production. The association has received $7,619
from RSDF to cover the cost of developing a sample batch of pasteurized
birch sap to use as a health beverage.
In Stephenville, the Bay St. George Area Development Association has
received $7,458 from RSDF to conduct a soil assessment of 500-600 acres
of pasture land. At present, the land supports only animals, but the
association would like to enrich the soil so that it produces more
nutritious animal feed and allows the growing of crops such as corn and
carrots. Revenues from the crops would pay for future upgrading of the
pasture which could produce healthier animals in larger numbers. There
is also local interest in producing range-fed beef to feed an
increasingly health-conscious public.
The Regional Sectoral Diversification Fund is a $5 million fund of the
Department of Innovation, Trade and Rural Development and a component of
the province�s Comprehensive Regional Diversification Strategy. The fund
provides non-repayable contributions to economic development agencies
for initiatives that address regional and sectoral development and
diversification.
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Media contact:
Lynn Evans
Director of Communications
Innovation, Trade and Rural Development
709-729-4570, 690-6290
LynnEvans@gov.nl.ca
2006 12 28
9:40 a.m.