Rural Economic Diversification and Infrastructure Program (REDIP)

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The 2023-24 REDIP intake was open from July 4, 2023 to October 30, 2023. Applications were accepted until October 30, 2023 at 11:59 PM PST.

The 2024-25 REDIP intake will run from July – October 2024.

To stay up to date on the program, please subscribe below to receive email updates.


 

Program Details

The Rural Economic Diversification and Infrastructure Program (REDIP) is a grant launched by the Ministry of Jobs, Economic Development and Innovation (JEDI), with a funding allocation of $33M per year from fiscal year 2022-23 through to fiscal year 2024-25. REDIP supports projects that promote the following: 

  • Economic diversification
  • Resilience
  • Clean growth opportunities
  • Infrastructure development

For full program details, including funding categories, eligibility, project types and timelines, please refer to the REDIP Program Guide.


Funding Categories and Eligibility

REDIP has three unique funding categories. Each category targets different project types and communities:

 

1. Economic Capacity (REDIP-EC)

Helping communities build their internal capacity for economic development.

Eligible Project Location

  • Small rural communities with populations of less than 2,500
  • Indigenous communities and organizations 

Percentage of Project Costs

Maximum Funding Per Applicant

 

 

2.  Economic Diversification (REDIP-ED)

Funding projects that promote economic diversification and development.

Eligible Project Location

  • Small rural communities with populations of less than 25,000
  • Indigenous communities and organizations 

Percentage of Project Costs

Maximum Funding Per Applicant

  • Development projects: $100,000
  • Implementation projects:$1 Million

 

 

3.  Forest Impact Transition (REDIP-FIT)

Supporting economic recovery and transition in communities affected by changes in the forest sector.

Eligible Project Location

  • Indigenous and non-Indigenous communities located outside of Metro Vancouver and the Capital Regional District experiencing or anticipating impacts by changes in the forest sector, including old growth deferrals

Percentage of Project Costs

Maximum Funding Per Applicant

 

 

Eligible Applicants

Eligible lead applicants for all three funding categories (REDIP-ED, REDIP-EC, REDIP-FIT) include:

  • Local Governments
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Beyond Nvidia: 1 Artificial Intelligence (AI) Stock With More Upside to Buy Now, According to Wall Street

Wall Street sees only modest upside in Nvidia, but analysts are projecting significant gains for Snowflake shareholders.

The S&P 500 (^GSPC -0.04%) has advanced 11% year to date, and Nvidia (NVDA 1.75%) alone is responsible for one-third of those gains. The chipmaker has seen its share price surge 121% since January due to strong demand for data-center compute and networking products, especially those related to artificial intelligence.

However, Wall Street expects Nvidia to lose momentum over the next year. The median 12-month price target of $1,200 per share implies just 6% upside from its current price of $1,137 per share. By comparison, Snowflake (SNOW 1.01%) carries a median 12-month price target of $205 per share, implying 51% upside from its current price of $136 per share.

Is it time to sell Nvidia and buy Snowflake? Here’s what investors should know.

1. Nvidia

Nvidia reported blockbuster financial results in the first quarter of fiscal 2025 (ended April 28). Revenue increased 262% to $26 billion, and non-GAAP net income surged 461% to $6.12 per diluted share. Demand for artificial intelligence (AI) compute and networking products was the driving force behind those stellar numbers, reflected by 427% sales growth in the data-center product category.

Growth will inevitably slow at some point, but Grand View Research estimates that sales across AI hardware, software, and services will compound at 37% annually through 2030. Nvidia is well positioned to benefit due to its technological prowess and broad product portfolio. The company is best known for its graphics processing units (GPUs), but Nvidia actually builds entire AI data centers, and it has recently branched into subscription software and cloud services.

CEO Jensen Huang explained that advantage on the most recent earnings call. “We literally build the entire data center, and we can monitor everything,

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Goodboy Picture Company/Getty Images

Leading a technology team these days — whether you’re a chief information officer, chief innovation officer, or other IT manager — is no longer a matter of corralling programmers and administrators into a common purpose. Now, CIOs and other tech leaders need to corral the rest of the business into their orbits as well. The question is: Are IT teams still too entangled in managing infrastructure, applications, and related security issues to lead their businesses down new paths?  

Also: 5 ways to prepare for the impact of generative AI on the IT profession

Technology leaders such as CIOs are increasingly tasked with running the business and moving it forward, a recent Deloitte survey of 211 CIOs confirms. Close to half of the respondents, 46%, report their greatest priority this year is shaping, aligning, and delivering a unified tech strategy and vision. 

In addition, they have high visibility, and many roles beyond the CIO are now involved. Nearly two-thirds (63%) say they report directly to the CEO. Transformation and innovation also topped to-do lists of tech heads, at 59%. A majority of tech leaders, 54%, consider themselves to be change agents. Currently, 83% of organizations have either a CIO or chief digital information officer, 52% have a chief technology officer, 31% have a chief information security officer, 30% have a chief data analytics officer, and 22% have a chief technology innovation officer. 

Moving into these technology leadership roles means “not only have a firm grasp of the tech landscape and the capabilities available, but they are becoming fully immersed in the business and market trends, Anjali Shaikh, managing director and CIO program experience director at Deloitte Consulting, told ZDNET. “This ability to be ‘bilingual’ puts tech leaders at a clear advantage within the business because they

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Brazilians have jumped into investing.

A new wave of individual investors has emerged in the heart of Brazil’s bustling markets, ready to navigate the complex world of finance. The number has rocketed to around five million today from about 600,000 in 2017, according to Brazil’s stock exchange, B3 (for Brasil, Bolsa, Balcão). And those who are 25 to 39 – generally millennials – account for almost half of them.

To help these novice investors, whose balances are mostly too small for professional financial advisers, B3 decided to complement its free online investment education with a conversational AI assistant – also free. 

B3’s copilot doesn’t give stock tips, investment advice or broker recommendations. Instead, it’s a quick, direct way to decipher financial terminology that can sound like a foreign language and deliver answers that have been curated by B3’s experts. It can explain stocks, bonds, and how to find a broker, as well as more complex fincancial instruments.

“There’s a lot of information on the internet, but it’s hard to find the right content,” says Christianne Bariquelli, Superintendent of Education at B3, who speaks of the assistant as a bridge between knowledge and action. “This solution is for Brazilians who already invest but are at the beginning of their journey or people who want to invest but lack the information they need. Some investors need safe sources of information to confirm the offers they are receiving from financiers or the internet. We want our AI assistant to provide them with safe information from the source.”

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1 High-Growth E-Commerce Stock to Buy Now and Hold Forever

Amazon is one of the best-performing stocks of all time. The e-commerce and technology giant is up over 1,000x since going public by taking advantage of the huge consumer shift from in-person to online shopping (among other things).

It is still a great business, but at a market capitalization of $1.9 trillion it is highly unlikely to replicate the returns of the last couple of decades. This may be disappointing for new investors who have missed the boat on most of Amazon’s gains. But what if I told you investors could own shares in the next Amazon out of East Asia?

Enter Coupang (NYSE: CPNG). The South Korean e-commerce giant is taking its home country by storm and expanding to new markets. Here’s why it could be a once-in-a-generation investment opportunity at today’s price.

The Amazon of South Korea

Founded in 2010 as a Groupon clone, Coupang pivoted to copying Amazon‘s business model but catered to the South Korean market. It has a lot of similarities to Amazon’s retail operations — a subscription membership, vertically integrated shipping, video streaming — as well as things that help it win in the small Asian country. For example, it allows customers to leave reusable return boxes outside their doors to return packages, which are picked up by Coupang drivers.

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Labour and skill gaps, suitable land availability are challenges listed in city’s latest mining readiness strategy

Thunder Bay is out to build its brand as a mining supply hub.

Four years after tabling its first Mining Readiness Strategy, the Thunder Bay Community Economic Development Commission (CEDC) revealed the findings from an updated version last month, informed by a survey of industry stakeholders last year.

Northwestern Ontario has always been a precious and base minerals grocery store to the world. Much of the activity surrounding that sector has always flowed, many times sight unseen, through Thunder Bay.

Following the crash of the region’s forestry economy in the mid-2000s, local industrial suppliers and service companies retooled and transferred their skill-set over to the mining and exploration companies.

Seeing the opportunity to diversify the local economy, the CEDC jumped on the bandwagon in opening lines of communication between procurement managers at the mines and the Thunder Bay business community. 

Today, the CEDC remains intent on maximizing and expanding those spinoff benefits by promoting local and Indigenous vendors with the launch of a new mining service and supply directory, listing more than 400 companies along with targeted marketing campaigns, like Join the Boom, promoting Thunder Bay as a regional supply hub.

Jamie Taylor, the commission’s CEO, said her staff has done plenty of outreach and networking to encourage industrial suppliers in Sudbury, Timmins and beyond to consider opening a branch shop in northwestern Ontario.

If a conveyor belt tears at a mining operation, the CEDC gladly points out it’ll take less time to order and hustle a replacement up to the site from a fabricator in Thunder Bay than it is to knit a new one in Sudbury. 

“We’re really trying to stress that,” said Taylor. “A lot of companies need servicing or

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