Search results
Results from the WOW.Com Content Network
The Cape Breton Development Corporation, or DEVCO, was a Government of Canada Crown corporation. It ceased operation on December 31, 2009, after being amalgamated with Enterprise Cape Breton Corporation (ECBC).
On 31 December 2009, the Cape Breton Development Corporation (DEVCO) ceased to exist with its remaining assets and staff turned over to ECBC. [1] Based in Sydney, in the Cape Breton Regional Municipality, ECBC was administered by the Atlantic Canada Opportunities Agency (ACOA) and was the responsibility of Industry Canada. [2]
On July 7, 1967 the Cape Breton Development Corporation, or DEVCO, was established to operate the mines in the interim, while phasing them out throughout the 1970s and, at the same time, develop new economic opportunities for the surrounding communities.
On July 7, 1967, the Cape Breton Development Corporation (DEVCO) was created and on March 30, 1968, all DOSCO mines were expropriated for $12 million by DEVCO. At the same time, the provincial government formed the Sydney Steel Corporation (SYSCO) and took over DOSCO's steel mill, with the aim being to gradually control the shut down of this ...
Historically a coal mining area, Donkin has a colliery developed by the Cape Breton Development Corporation (DEVCO). One of the first mining operations in the area was in Schooner Pond in 1863, when the Acadia Mines opened and began production from the Emery coal seam.
As part of a regional economic development initiative, DEVCO created a tourist railway named the Cape Breton Steam Railway, to operate between Glace Bay and Louisbourg. In 1973, the Sydney and Louisburg Railway Historical Society was created by retired employees of that company to assist with the tourist railway and to preserve the Louisbourg ...
Industrial Cape Breton consisted of two distinctive geographic regions for industrial activity: the "north side" of Sydney Harbour, and the "south side". The north side was dominated in the 1800s by the General Mining Association (GMA), which had been formed in the 1820s after the Colony of Cape Breton Island was amalgamated back into Nova Scotia.
The second decline occurred in late 2001 when a large steel mill and several coal mines were closed by Sydney Steel Corporation and Cape Breton Development Corporation respectively in the Sydney area. This change resulted in the loss of thousands of car loads per year and threatened the financial viability of the line.