New equipment helps Madawaska businesses improve productivity and stimulate growth

News release

May 12, 2022 · Edmundston, New Brunswick · 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, René Arseneault, Member of Parliament for Madawaska-Restigouche, announced a total investment of $1,623,500 through the Jobs and Growth Fund (JGF) for four projects in the Madawaska region that are expected to create up to 25 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.  

Quotes

“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

“Firms that innovate tend to export more, attract more investment, pay higher wages and are more productive. By supporting innovative projects, we are helping businesses to grow, innovate and export so they can create good quality jobs and wealth for all Atlantic Canadians.”

- René Arseneault, Member of Parliament for Madawaska-Restigouche

Quick facts

  • 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: 

    o   support the transition to a green economy

    o   foster an inclusive recovery

    o   preserve Canada’s competitiveness and future-proof businesses through digital adoption

    o   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.

Associated links

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

Dominique Bouchard
Senior Communications Officer
Atlantic Canada Opportunities Agency
Dominique.Bouchard@canada.ca

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