The Government of Canada will assist the expansion of the Dynamic Air Shelters premises in Grand Bank and the purchase of new equipment as the company continues to grow.
The Honourable Keith Ashfield, Minister of State for the Atlantic Canada Opportunities Agency (ACOA) toured the Grand Bank facility today and announced $500,000 in Government of Canada funding through ACOA to support the project.
Further funding of a loan of $200,000 from the Grand Bank Development Corporation and $474,250 from the company itself represents an investment of almost $1.2 million in this expansion project. The federal government investment of $500,000 is interest free loan of provided through its Business Development Program.
“The Government of Canada, through ACOA, is pleased to support Dynamic Air Shelters in its expansion plans,” said Minister Ashfield. “Dynamic Air Shelters is another example of a successful company based in rural Atlantic Canada that is successfully exporting its one-of-a-kind products to a global market.”
Dynamic Air Shelters manufactures air inflatable structures for four distinct markets - the oil and gas industry, the construction industry, the promotional sector, and emergency and first responder operations. The structures are manufactured in the company's plant in Grand Bank. The company, which currently has more than 80 employees, is expected to increase its workforce to 130 at peak times once the project is completed.
“Dynamic has proven that manufacturing products in rural Newfoundland is sound and practical,” said company president Harold Warner. “We are extremely pleased with our workforce, they’re skilled and loyal and this expansion will create more opportunities for workers from the area to join us. It’s a win-win for the entire Burin Peninsula and Newfoundland and Labrador.”
FOR BROADCAST USE:
Dynamic Air Shelters, which constructs inflatable buildings at its plant in Grand Bank, has received $500,000 from the Government of Canada to expand its operations and purchase new technically-advanced equipment. The funding was announced today during a tour of the facility by Keith Ashfield, Minister of State for the Atlantic Canada Opportunities Agency.
Further funding of a loan of $200,000 from the Grand Bank Development Corporation and $474,250 from the company itself represents an investment of almost $1.2 million towards this expansion project.
Dynamic Air Shelters designs and manufactures inflatable shelters for four distinct markets - blast resistant shelters for the oil and gas industry, industrial shelters for the construction industry, shelters for the promotional and advertising purposes, and temporary shelters for the emergency/first-responder market. The structures are manufactured in the company's plant in Grand Bank. The company currently has more than 80 employees.
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INFORMATION:
Doug Burgess
Director, Public Affairs
Atlantic Canada Opportunities Agency
709-772-2935
Harold Warner
President
Dynamic Air Shelters Limited
709-832-1211, 403-540-4148
