Adopting new technology helps Moncton businesses create jobs and improve productivity
Backgrounder
The Government of Canada invests more than $2.1 million in six projects to support business growth in Moncton.
| CLIENT NAME | PROJECT | TOTAL | MEDIA CONTACT |
| Maritime Hydraulic Repair Centre | To purchase equipment that will result in improved efficiencies, improved product quality and increased production capacity. This will ensure the company's ability to grow the company, meet increased demand and remain competitive and profitable. | $100,000 Repayable |
Kim Carruthers President 506-858-0393 kimc@marhyd.net |
| Atlantic Friction | To purchase production equipment as part of a growth plan focused on operational efficiency, advanced manufacturing and international market expansion. | $390,500 Repayable |
Dan Noël President 506-855-2000 dnoel@wyverstone.ca |
| Sum Good Foods | To purchase new equipment and technologies to increase productivity and grow sales domestically and internationally. | $20,000 Repayable |
April Glavine Co-Founder 506-874-0192 april@sumgood.ca |
| Picomole/Breathe BioMedical | The project will help commercialize the client's Breath Sampler and accelerate its market entry to generate sales and attract further investments. The project includes marketing activities and first inventory production. | $575,000 Conditionally Repayable* |
Stephen Graham Chief Executive Officer 506-380-0950 Stephen.graham@breathebiomedical.com |
| Dizolve Group | To purchase equipment in order to be self-sufficient in the production of key ingredient required for other products. | $487,800 Repayable |
Ken Reid Chief Executive Officer 506-850-7464 Ken.reid@dizolve.com |
| Pump House Brewery | To purchase advanced manufacturing equipment to meet export and domestic market demand. | $593,000 Repayable |
Brian Harriman President and Co-Owner 506-863-8710 brian@pumphouse.beer |
| TOTAL | $2,166,300 |
Contacts
Press Secretary
Office of the Minister of Official Languages and of the
Atlantic Canada Opportunities Agency
Marianne.Blondin@acoa-apeca.gc.ca
Danielle Phillips
Senior Communications Officer
Atlantic Canada Opportunities Agency
Danielle.Phillips@acoa-apeca.gc.ca
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* This approach shares risk for innovation-related projects whereby the repayments are based on the commercial success of the project, as outlined in the terms and conditions of the contribution agreement.