Program directory · Federal Economic Development Agency for Southern Ontario
Community Economic Development and Diversification
- Program code
- BNM12 (FEDSO)
- Core responsibility
- Economic Development in Southern Ontario
- In Departmental Plans
- 2019-20 – 2026-27 · New since an earlier plan
What it does
The Community Economic Development and Diversification Program aims to develop, diversify and transform local economies by promoting small business development, community innovation and strategic collaborations.
The Community Economic Development and Diversification seeks to enable communities to leverage their economic strengths and unique assets to: enhance business attraction, investment, retention and employment opportunities in southern Ontario communities; develop and expand collaborative efforts that strengthen regional competitiveness; support regional businesses, hubs and communities with the goal of economic diversification, integration, and transformation.
This program uses funding from the following transfer payment program: Southern Ontario Prosperity Program
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2019-20. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Community Economic Development and Diversification | This program | 2019-20 – 2028-29 | $1.33B |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2020-21 | Employees (FTEs) 86, against 45 in 2019-20 (+91%). | FTEs (GC InfoBase) |
| 2020-21 | Spending $517M, against $80.2M in 2019-20 (+544%). | Actual spending (GC InfoBase) |
| 2021-22 | Spending $226M, against $517M in 2020-21 (−56%). | Actual spending (GC InfoBase) |
| 2022-23 | Spending $328M, against $226M in 2021-22 (+45%). | Actual spending (GC InfoBase) |
| 2023-24 | Spending $122M, against $328M in 2022-23 (−63%). | Actual spending (GC InfoBase) |
| 2024-25 | Spending $60.1M, against $122M in 2023-24 (−51%). | Actual spending (GC InfoBase) |
| 2025-26 | Planned spending $41.1M, against $60.1M in 2024-25 (−32%). | Latest Departmental Plan |
| 2026-27 | Planned employees (FTEs) 9, against 35 in 2025-26 (−74%). | FTEs (GC InfoBase) |
| 2026-27 | Indicators added: Amount of additional support from external sources per dollar invested by FedDev Ontario in CEDD projects | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Indicators dropped: Number of businesses and organizations supported - Community Futures Program; Number of businesses and organizations supported - Economic Development Initiative; Total value of cash invested in a project; Total value of cash invested in a project - Community Futures Program; Total value of cash invested in a project - Economic Development Initiative | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Planned spending $19.6M, against $41.1M in 2025-26 (−52%). | Latest Departmental Plan |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | ≥ 1,200 | 2024 | 35,089 | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | ≥ 15,000 | 2024 | 26,665 | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | ≥ $225 | 2024 | $105 The cumulative result since April 1, 2018 is lower than forecasted primarily due to the impact of the COVID-19 pandemic. | Not met |
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | At least $1.20: $1.00 | 2024 | 0.8 This is a cumulative target since April 1, 2018 which included large strategic pandemic relief/recovery measures that were funded under CEDD, resulting in a lower leverage ratio than the target. | Not met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | ≥ $175M | 2024 | $297M | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2023-24 | ≥ $2.2M | 2024 | $6.4M | Met |
Current: the 2026-27 plan's targets
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | At least $1.00: $1.00 | 2027 | — | Planned |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ 925 | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2019-20 | $56.8M | $80.2M |
| 2020-21 | $64.8M | $517M |
| 2021-22 | $75.5M | $226M |
| 2022-23 | $340M | $328M |
| 2023-24 | $111M | $122M |
| 2024-25 | $59.9M | $60.1M |
| 2025-26 | $41.1M | — |
| 2026-27 | $19.6M | — |
| 2027-28 | $16M* | — |
| 2028-29 | $15.4M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2019-20 | 29 | 45 |
| 2020-21 | 43 | 86 |
| 2021-22 | 51 | 102 |
| 2022-23 | 78 | 86 |
| 2023-24 | 59 | 62 |
| 2024-25 | 56 | 53 |
| 2025-26 | 35 | — |
| 2026-27 | 9 | — |
| 2027-28 | 9* | — |
| 2028-29 | 9* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2019-20 plan | $56,821,173 | $32,476,805 | $31,268,487 | |||||||
| 2020-21 plan | $64,752,830 | $32,013,270 | $34,011,953 | |||||||
| 2021-22 plan | $75,506,165 | $35,823,183 | $34,398,772 | |||||||
| 2022-23 plan | $340,372,839 | $45,191,917 | $35,575,557 | |||||||
| 2023-24 plan | $111,365,989 | $30,483,974 | $31,551,438 | |||||||
| 2024-25 plan | $59,885,097 | $48,294,816 | $31,202,506 | |||||||
| 2025-26 plan | $41,109,242 | $19,979,345 | $19,886,322 | |||||||
| 2026-27 plan | $19,611,817 | $15,991,311 | $15,363,118 | |||||||
| Actual | $80,243,505 | $516,555,934 | $225,899,787 | $328,066,486 | $121,784,148 | $60,136,065 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
