Cape Breton Development Corporation

Company Location

 


Company Name
Cape Breton Development Corporation
Company Type
Private
Industry
Mining
Founded
1968
Headquarters
Nova Scotia
Area Served
Not Mentioned
Key People
Not Mentioned
Revenue
Not Mentioned
Number of Employees
Not Mentioned
Products
coal
Website
Not Mentioned
Company Email
infonet@parl.gc.ca
Address
2500 Sydney,
Nova Scotia Canada B1P 6K9
Subsidiaries
Not Mentioned
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Company Description


The Cape Breton Development Corporation, or DEVCO, was a Canadian federal government Crown corporation. It ceased operation on December 31, 2009, after being amalgamated with Enterprise Cape Breton Corporation (ECBC).

Cape Breton Development Corporation (Devco) is a Canadian Crown Corporation established in 1967 to manage the economic development of the island of Cape Breton, Nova Scotia. Devco is responsible for the management and development of the island’s coal resources and associated infrastructure, and for the development of new industries and diversification of the economy. Devco is also responsible for the management of the Sydney Steel Corporation and the Sydney Tar Ponds Agency.

Devco's main objective is to create and sustain economic activity in Cape Breton by developing and diversifying the economy and creating employment opportunities. Devco works with local businesses, government, and other stakeholders to develop and implement projects that will benefit the region. Devco also administers a number of programs and initiatives to assist the region's economic development, such as the Community Economic Development Investment Fund, the Industrial Expansion Fund, and the Regional Economic Development Agency.

Devco oversees a number of projects in the region, such as the Donkin Mine, the Sydney Tar Ponds Agency, and the Sydney Steel Corporation. The Donkin Mine is a coal mine that is being developed by Devco and is expected to create up to 500 jobs in the region. The Sydney Tar Ponds Agency is responsible for the remediation of the Sydney Tar Ponds, a former industrial site in the region. The Sydney Steel Corporation is a steel manufacturing facility that is owned and operated by Devco.

Devco also works to promote tourism in Cape Breton, and works with local businesses, government, and other stakeholders to develop and implement projects that will benefit the region. Devco also administers a number of programs and initiatives to assist the region's economic development, such as the Community Economic Development Investment Fund, the Industrial Expansion Fund, and the Regional Economic Development Agency.

In addition to its economic development initiatives, Devco also works to improve the quality of life in Cape Breton by providing social and environmental programs. Devco works with local communities and organizations to develop and implement projects that will improve the quality of life in the region. Devco also works to protect the environment by promoting sustainable development and protecting natural resources.

Overall, the Cape Breton Development Corporation is an important organization that works to promote economic development and improve the quality of life in Cape Breton. By working with local businesses, government, and other stakeholders, Devco is able to develop and implement projects that will benefit the region and its people.

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