New equipment fuels growth for Covered Bridge Potato Chip Company
News Release
October 10, 2017– Waterville, N.B. – Atlantic Canada Opportunities Agency
Supporting businesses in rural communities helps create opportunities for business growth and good paying jobs for the middle-class and those looking to join it.
The Covered Bridge Potato Chip Company will boost productivity to accommodate the growing demand for its products, including a new line of popcorn, thanks to a $437,500 investment from the Government of Canada. This investment will also help increase export capacity and is expected to create up to 14 new jobs.
TJ Harvey, Member of Parliament for Tobique-Mactaquac, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), was joined by Ryan Albright, President of the Covered Bridge Potato Chip Company, to make the announcement today.
The investment will enable the company to purchase new equipment, including sorters, conveyors, popcorn poppers and a bagger. This project marks Phase 2 of a 9,000 square foot expansion announced in January 2017, which has helped the company improve efficiencies and optimize operating space to increase production. ACOA’s repayable contribution is being made through its Business Development Program.
This project builds on the Government of Canada’s commitment to drive economic growth in Atlantic Canada through the Atlantic Growth Strategy, by providing strategic investments for projects that build on the region’s competitive advantages, such as its strong export potential, thriving agricultural sector, and skilled workforce.
Quotes
“The Government of Canada is deeply committed to helping Atlantic Canadian businesses grow, innovate and export so that they can continue to create good quality jobs and generate wealth within communities. Through ACOA, we are making strategic investments in companies like Covered Bridge to help them build on regional strengths and support the diversification of local economies.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“The Covered Bridge Potato Chip Company is growing its export market, creating up to 14 new jobs, and bringing visitors into the area to tour its unique facility. Our government’s support through ACOA has helped this facility expand, introduce new products, and create jobs. The whole region stands to benefit from this kind of success.”
- TJ Harvey, Member of Parliament for Tobique-Mactaquac
“New, up-to-date equipment will enable us to enhance our quality and efficiency as we keep moving forward. We’re also very excited about the launch of our new kettle corn line, which means more jobs. We expect to see continued success as we expand to meet demand in the fast-growing ready-to-eat popcorn market.”
- Ryan Albright, President, Covered Bridge Potato Chips
Contacts
Jennifer Houle
Senior Communications Officer
Atlantic Canada Opportunities Agency
506-261-5534
Ryan Albright
President
Covered Bridge Potato Chips
506-726-5000
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