IRDP: The Government Incentive Plan for All Regions
The Industrial Regional Development Program (IRDP) in Canada, created in June 1983 to replace older existing programs, is now the main method of financial assistance for industrial development in all regions of Canada. Corporations, individuals, non-profit organizations, cooperatives, partnerships and associations may all be eligible based on the application. The development index consisting of weighted values for the unemployment rate, per capita income and provincial fiscal capacity determine the level of support. In applying, the company should take care to quantify benefits to the region and to Canada whenever possible. Activities in six areas are supported: 1) innovation, 2) industrial development climate, 3) establishment, 4) modernization and expansion, 5) marketing (mainly for tourism) and 6) restructuring. Most of the support is for items one through four. The funds must be necessary to the project's existence, therefore pre-planning of projects and application must be undertaken before commitment to the project is made. Financial forecasts and business plans of the applicant are inspected to determine their commercial viability. The level of support is negotiable. The steps of the review process take up to sixty days after all information is in order and received by the officer. Certain conditions, such as limits on the change in ownership or submission of financial statements, are sometimes required. Bridge financing may be needed, as payment is made only after construction has begun.
Publication Name: CA Magazine
Fighting de-industrialisation: the role of local government social audits
Ten UK local government social cost analysis initiatives are analyzed. The reports sought to measure the social and economic effects of plant closure decisions. A normative framework for business reporting to local government is recommended. Four roles for such social accounting are identified: (1) reactive use, (2) positive use, (3) regular monitoring use, and (4) educational use. It is suggested that there has been a lack of accountability to workers and their communities at a time when British manufacturing industries have been scaled down in the interests of investors.
Publication Name: Accounting, Organizations and Society
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