Backgrounder: Cape Breton businesses take steps to modernize, expand operations and improve efficiencies
Backgrounder
The Government of Canada invests $695,000 in five projects to support business growth in Cape Breton.
| CLIENT NAME | PROJECT | TOTAL | MEDIA CONTACT |
| McFadgen's Bakery Ltd. | McFadgen’s Bakery in Glace Bay is receiving $300,000 to expand its operations to meet growing demand from several regional and national contracts. The increase in capacity will be accomplished through the purchase of new production and wrapping equipment as well as upgrades to enhance efficiency and comply with strict food safety standards. The project is expected to create up to six new jobs. The company will also receive $150,000 to upgrade their cold storage facility in Edwardsville. McFadgen’s will install condensers, compressors, lighting, lift trucks, pallet racking and freezer doors at its Sydport cold storage facility as well as build a new shipping and receiving aisle for easier loading. The improvements are necessary after McFadgen’s obtained new national commercial contracts. This project is expected to maintain 86 jobs. |
$450,000 (repayable) | Darren McFadgen
|
| Louisbourg Seafoods Limited | Louisbourg Seafoods will streamline its internal processes through IT solutions and digitization of its production line to accommodate future growth. The project is expected to maintain 70 jobs. | $100,000 (non-repayable) | Damien Barry CAO and General Counsel Louisbourg Seafoods Ltd. 902-565-0072 Damien.b@louisbourgseafoods.ca |
| Alter Biota Inc. | Alter Biota will acquire analytical equipment needed to improve the manufacturing of the company’s bio-graphene additives to increase the strength of concrete, while reducing its cost and environmental footprint. The project is expected to maintain seven jobs. | $95,000 (repayable) | Mark Masotti President and CEO Alter Biota Inc. 416-659-3430 mark.masotti@alterbiota.com |
| Phycus Biotechnologies | Phycus Biotechnologies will hire a process/fermentation engineer to scale up its operations. This is critical to commercialize the company’s bio-based products. The project will create one job. | $50,000 (non-repayable) | Aditya Vikram Pandit CEO Phycus Biotechnologies 647-885-7768 pandit@phycusbio.com |
| TOTAL | $695,000 |
Contacts
Marianne Blondin
Press Secretary
Office of the Minister of Official Languages and of the
Atlantic Canada Opportunities Agency
Marianne.Blondin@acoa-apeca.gc.ca
Lori Selig
Communications Manager
Atlantic Canada Opportunities Agency
902-266-7477
Lori.Selig@acoa-apeca.gc.ca
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