New equipment and renovations help Avalon Peninsula businesses to modernize and create jobs
Government of Canada investments support clean, inclusive recovery and long-term economic growth
April 26, 2022 · Cape Broyle, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
A key part of Canada’s economic recovery is supporting businesses as they adapt, grow and move forward from the COVID-19 pandemic. Small and medium-sized businesses and the organizations that support them represent the backbone of regional economies. They generate quality local jobs and are a source of pride for their communities. To do so, businesses and entrepreneurs need a strong foundation, built on technological innovation, inclusivity, and clean growth to create the workforce of the future.
Federal investments support business growth
Today, Ken McDonald, Member of Parliament for Avalon, announced a total investment of more than $1.2 million through the Jobs and Growth Fund (JGF) for three projects on the Avalon Peninsula that are expected to create up to 13 new jobs. The announcement was made on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA.
For the full list of projects, please see backgrounder.
Launched in July 2021, the Jobs and Growth Fund (JGF) provides $700 million over three years to Canada’s regional development agencies to support a regional response and stimulate economic recovery following the COVID-19 crisis by investing in projects that will help to create jobs. Through the JGF, the Government of Canada aims to support the transition to a green economy, foster an inclusive recovery, enhance competitiveness, and create jobs in every corner of the country.
“The vitality of our business communities across Atlantic Canada is key to our economic recovery. We’ll continue to invest in our local businesses and the organizations that support them to create good jobs, support inclusive and clean growth opportunities, and build resiliency for years to come.”
- The Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA
“Over the past two years, our local businesses have had to adjust how they operate to respond to the challenges created by the pandemic. Supporting resourceful companies like PD Industries, Harbour Grace Ocean Enterprises and Bursey Manufacturing will help them pursue new opportunities, increase productivity and create jobs here in this region.”
- Ken McDonald, Member of Parliament for Avalon
PD Industries Limited, located in Cape Broyle, is a family-owned marine service business that provides turnkey ship assist services such as rescue towing, anchor handling, barge towing and vessel towing.
Harbour Grace Ocean Enterprises Limited, of Harbour Grace, is a marine vessel repair, refit and construction company that provides services to the fishing industry, tug and barge companies and the offshore energy sector.
Bursey Manufacturing Inc. is a Conception Bay South-based steel fabrication business that makes residential and industrial septic and oil tanks, as well as environmental double wall and waste oil tanks. The company also provides welding, sandblasting, industrial painting and plasma table cutting services to the oil and gas industry, plumbing and heating retailers, and industrial businesses.
In Atlantic Canada, ACOA is delivering $70 million of the $700-million national Jobs and Growth Fund (JGF) to eligible businesses, non-profit organizations, community economic development partners, and Indigenous-led organizations and businesses, with projects that:
- support the transition to a green economy
- foster an inclusive recovery
- preserve Canada’s competitiveness and future-proof businesses through digital adoption
- strengthen capacity in sectors critical to Canada’s recovery and growth
For more information on the application process, eligibility criteria and eligible expenses, or to apply for the JGF, reach out to your regional development agency.
Canada’s regional development agencies are continuing to deliver targeted support for economic recovery in the region. Application intake is open through ACOA for the Canada Community Revitalization Fund, Jobs and Growth Fund, Aerospace Regional Recovery Initiative and Tourism Relief Fund.
Office of the Minister of Official Languages and of the
Atlantic Canada Opportunities Agency
Director of Communications
Atlantic Canada Opportunities Agency
Report a problem or mistake on this page
- Date modified: