Can a community start a CEDIF without a specific project?
Yes. While CEDIF groups may find it easier to attract interest within their defined community with a specific project, they can opt to start the Fund prior to identifying a company as long as they meet all of the program regulations. Is there any money available from government ( i.e. Atlantic Canada Opportunities Agency, Enterprise Cape Breton Corporation, Economic Development and Tourism ) to cover administration or operating costs? No. There is no existing program to provide for this type of assistance. A community must rely on its own energies and potential, and the drive, and commitment of its residents to develop effective Community Economic Development Corporations.
