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ARCHIVED - Western Economic Diversification Canada - Supplementary Tables

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Up-Front Multi-Year Funding

Strategic Outcome: The western Canadian economy is developed and diversified.

Program Activity: Community Economic Development

Name of recipient: Primrose Lake Economic Development Corporation (PLEDCO)

Start date: March 30, 2007

End date: Not applicable

Description: Create a community-controlled trust fund for economic diversification

($ millions)
Total Funding Prior Years' Funding Planned Funding
Planned Funding
Planned Funding
15 15 - - -

Summary of annual plans of recipient: The focus of the PLEDCO in its first years of operation has been to establish its governance structure and implement the elders' program component of its agreement with the Saskatchewan government.

The performance expectations of the PLEDCO are to establish separate funds for income generated by the trust fund and to either re-invest the funds or disburse the funds towards economic development or economic infrastructure projects. Since the start of the agreement, the trust has generated an income of $484,000, of which the trust has disbursed $221,500 to 16 proponents.

Planned evaluation(s): WD monitors the performance of the PLEDCO on a regular basis. An evaluation is planned in 2011-12.

Planned audit(s): The first planned audit should occur in 2011-12, consistent with the agreement between the Government of Canada and the PLEDCO.

Link to recipient's site: None available