CONSOLIDATION OF LOCAL ECONOMIC ACTIVITIES Sample Clauses

CONSOLIDATION OF LOCAL ECONOMIC ACTIVITIES. Context The 2002 Montréal Summit underscored the importance for Ville de Montréal to have a local economic development policy. It also demonstrated the need for an integrated approach to local initiatives of an economic nature, particularly those supporting entrepreneurship among youth. In addition, there was a consensus about leveraging existing energy and experience from the local community to this end, as well as local community economic development practices. Furthermore, under its policy of supporting local and regional development, the Government provides assistance to communities working to develop local economic activities, especially through the development of entrepreneurship. In December 2002, the Act respecting the Ministère des Régions was amended to allow for the creation of more than one local development centre within the territory of Ville de Montréal. The act also was amended to accredit ten existing community economic development corporations and economic development corporations that had already operated in Montréal for many years as local development centres.1 These organizations will provide services in areas of the City identified in Appendix A of the law (areas which correspond to the ones they currently serve), will use the abbreviation CLD in their names, and will abide by the provisions of the Act respecting the Ministère des Régions , including those requiring they allow elected municipal officials to sit on their boards of directors. As for the rest of the territory, including areas not currently served, the Minister may accredit new local development centres or modify existing accreditations based on the City’s recommendations, as long as the provisions of the Act respecting the Ministère des Régions are respected.
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