According to its latest annual report, Development West Coast (DWC) has increased its funding to record levels and helped more businesses than ever before.
The organization was set up in 2001 with a رقم 92 million government grant to address the impact of woodworking on the West Coast economy.
It has been criticized before. Lack of transparency and lack of money
According to its annual report, it increased its fund to 14 146 million a year by March 2021, and lent 86% more to West Coast businesses.
The report comes as DWC is offering businesses in the region up to $ 500 to assist in contactless delivery during Alert Level 3.
* Employment rates and the economy boom in the West Coast in view of Cove 19
* The West Coast’s 128 128 million development fund is not just for Franz Joseph.
* ‘We are asking for help to survive’: Franz was not impressed by the business minister’s visit.
It has a. Number of failed investmentsIncluding ناکام 3 million on a failed cranberry farm and 13 13 million on a struggling dairy farm. The 8 880,000 investment in Potic Honey has caused controversy because it processes honey in Blaineham, not on the West Coast. According to its latest report, it has sold its honey business.
Heath Milne, chief executive, said the report highlighted the end of the year – the economic downturn from the 19 epidemics and record support for West Coast businesses.
He said Cove 19 had dealt a major economic blow to the West Bank.
He said businesses were working hard under the lockdown, so the $ 500 rebate scheme would help them adjust to each delivery and claim 10 10.
Informatics estimates that 81.9 percent of the West Coast’s workforce will return to work under Level 3, Milne said.
About 13%, or 2,098 jobs, were in cafes, restaurants, takeaway food services and retail trade.
The annual report shows that from March to March, the DWC approved 6. 6.7 million in commercial finance, an increase of 86% over the previous year. An additional 3.5 3.5 million was invested in regional development and community projects. It also donated 5 5 million to the Glacier Country Business Support Fund.
Milne said the DWC’s investment portfolio had an impressive result with a net profit of 14 14.2 million – helping to maintain the value of the fund for future generations. A year earlier, it had made a profit of 1. 1.7 million.
In the 20 years since its inception, DWC has increased its 92 92 million fund to 14 146.4 million, while investing مغرب 164.6 million in the West Coast economy.
He said it would focus on supporting Blair through flood recovery for the coming year and developing an economic growth strategy for the next 30 years.