(St. Stanislaus) The Development Corporation Community (SADC) in the Valley of the Batiscan has increased its investments during the fiscal year 2015-2016.
Although this is a significant increase compared to the previous year, investments are against well below those achieved from 2012 to 2014.
The annual report of the 2015-2016 fiscal year, which ended on March 31, said that the SADC Valley Batiscan authorized for this period investments totaling $ 765,389. These were of $ 480,804 the previous year when they amounted to $ 945,910 and $ 965,810 in 2012-2013 and 2013-2014.
“In terms of investments, requests for information, technical support and support experienced good growth reflecting on the value of the amounts authorized investment funds,” wrote in the SADC annual report on Director General of the agency, Gilles Mercure.
“The investments allowed in the youth fund reached a record level accounting for nearly half of total assets.”
The SADC funds allowed the construction of two loans totaling $ 50,446 for the MRC des Chenaux and eight loans totaling $ 527,110 for Mékinac.
For its part, the youth strategy funds enabled four companies of the MRC des Chenaux to receive loans of $ 80,000. In Mékinac, three loans were granted totaling $ 75,000. These loans have helped maintain 156 jobs in both MRC.
SADC resources in sustainable local development were “much requested” during the past year. “Whether we talk of events, training, revitalization, competitions, awareness, information, accompaniment or support, all the staff was called upon to respond to a growing demand for this type of support, “noted Gilles Mercury in the annual report.
“Note that in sustainable development, although awareness is still continuing, several companies, organizations, municipalities and MRCs are now in action.”
Furthermore, SADC Valley Batiscan renewed its five-year agreement with Canada Economic Development.