St. John's, Newfoundland and Labrador
Two Bay Bulls businesses got a boost today from Government of Canada investments totalling $1.2 million. The funding was announced by the Honourable Bernard Valcourt, Minister of State for the Atlantic Canada Opportunities Agency (ACOA) and La Francophonie, at an event in the town.
"The Government of Canada's top priority is economic growth and jobs for Canadians," said the Honourable Bernard Valcourt, Minister of State for the Atlantic Canada Opportunities Agency (ACOA) and La Francophonie, at an event in Bay Bulls today. "The completion of the Bay Bulls Properties' marine terminal and the purchase of a new tour boatfor O'Brien's Whale and Bird Tours support the future of a local company that is serving the province's growing energy sector and a small business responding to the growing demands of the eco-tourism market. These are investments that in turn benefit the economy of Bays Bulls and the surrounding area."
Bay Bulls Properties Ltd. will complete the final construction phase of its marine terminal in Bay Bulls thanks to an investment of $1,000,000 by the Government of Canada. The expansion of the docking facilities at the marine terminal will enable the company to more efficiently address the requirements of its current client base. It also provides sufficient capacity to attract business from the eastern Arctic and Greenland companies that will need shore-based services in support of their oil and gas exploration activities.
The tourism industry in Bay Bulls also received a significant boost from a $200,000 Government of Canada investment allowing O'Brien's Whale and Bird Tours to purchase a new tour boat that is replacing a vessel that was destroyed by fire in June 2010. The Government of Canada's investments in these two projects were provided as repayable loans through ACOA's Business Development Program (BDP).
FOR BROADCAST USE:
Two Bay Bulls businesses got a boost today from Government of Canada investments totalling $1.2 million. ACOA Minister Bernard Valcourt made the announcement at an event in Bay Bulls.
Bay Bulls Properties will complete the final construction phase of its marine terminal in Bay Bulls thanks to an investment of $1,000,000 from ACOA. The expansion of the docking facilities at the marine terminal will enable the company to more efficiently address the requirements of its current and future client base in the offshore oil and gas exploration activities.
O'Brien's Whale and Bird Tours is using a $200,000 investment from ACOA for the purchase of a new tour boat to replace an existing vessel that was destroyed by fire. The purchase of this new vessel will further develop the tourism infrastructure in Bay Bulls. The Government of Canada's investments in these two projects were provided as repayable loans through ACOA's Business Development Program (BDP).
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INFORMATION:
Andrea Richer, Press Secretary
Office of Minister Valcourt
613-790-3637
Julie Afonso
Director (Acting), Public Affairs
ACOA NL
709-772-2984
Joan Marie Gatherall
Manager,
O'Brien's Whale and Bird Tours
790-690-0707
