Development of Marystown’s Marine Industrial Park to Boost Economic Growth
The development of seven lots will support the region’s growing aquaculture sector and enhance economic development
June 28, 2019 – Marystown, NL – Atlantic Canada Opportunities Agency
Strong, modern infrastructure is essential to fostering economic activity, encouraging new business development, and building vibrant, sustainable communities in Atlantic Canada.
The Town of Marystown is further developing its marine industrial park to support the region’s aquaculture industry and create new economic opportunities. The project involves the development of seven existing industrial lots. Activities include blasting, grading, landscaping, excavating, backfilling, site engineering and project management. The initiative will enable the Town to further grow its aquaculture and industrial sectors, build community capacity and generate economic benefits for the area.
The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is providing a non-repayable contribution of $755,584 and the Government of Newfoundland and Labrador is contributing $355,500 towards this project.
Churence Rogers, Member of Parliament for Bonavista–Burin–Trinity, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, along with the Honourable Carol Anne Haley, Newfoundland and Labrador Minister responsible for the Status of Women and MHA for Burin–Grand Bank, on behalf of the Honourable Christopher Mitchelmore, Newfoundland and Labrador Minister of Tourism, Culture, Industry and Innovation (TCII), made the announcement today.
The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping Atlantic Canadian communities access the tools they need to create sustainable economic growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“Through ACOA, the Government of Canada is making strategic investments that build on competitive regional advantages and support the diversification of our communities. We are pleased to help the Town of Marystown develop its industrial park, which will boost the local economy, generate opportunities for sustainable economic development in the region and help create long-term prosperity.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Our government understands that investing in projects like this one with the Town of Marystown helps to strengthen important community infrastructure and creates more opportunities for businesses to grow and succeed. That is why we are delighted to support this industrial park initiative. I commend the Town for its efforts to seize new opportunities in the aquaculture sector with the development of the Grieg NL aquaculture project, which will greatly benefit the local economy and the entire Burin Peninsula.”
- Churence Rogers, Member of Parliament for Bonavista–Burin–Trinity
“We are pleased to support the phase three development at the Marine Industrial Park in Marystown. This project allows the town and the region to be proactive for potential economic development initiatives, while meeting the current needs and demand from the local aquaculture and offshore industries.
- The Honourable Christopher Mitchelmore, Newfoundland and Labrador Minister of Tourism, Culture, Industry and Innovation
“The Town of Marystown is pleased to once again partner with the federal government, through ACOA, and the Province to build better economic infrastructure at our Marine Industrial Park. Both ACOA and the provincial government have partnered with the Town for a number of years to develop the Marine Industrial Park into the footprint that it is today. When fully developed, the Marine Industrial Park will house the world’s largest Salmon Hatchery (Grieg NL) plus other businesses that will support aquaculture well into the future. The Town of Marystown looks forward to continuing our great working relationship with ACOA and the provincial government.”
- His Worship Sam Synard, Mayor of Marystown
The Government of Canada is investing $755,584 in this project through ACOA’s Innovative Communities Fund (ICF).
The Government of Newfoundland and Labrador is contributing $355,500.
The Town of Marystown is contributing $279,560.
Tourism, Culture, Industry and Innovation
Town of Marystown
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