Investment helping chocolate company meet increased demand for products
May 26, 2014 – St. John’s, NL – Atlantic Canada Opportunities Agency
The Newfoundland Chocolate Company is enjoying the sweet taste of success as it expands its business to meet production demands at its Duckworth Street Chocolaterie in downtown St. John’s. The artisan chocolate maker has been producing a unique array of premium chocolates by hand since 2009 using locally sourced ingredients, such as Newfoundland and Labrador berries.
To support the Newfoundland Chocolate Company’s continued business growth, the Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency), announced an investment of $58,675. The funding enabled the company to acquire new equipment, undertake building renovations and carry out marketing activities, which has enhanced operational efficiency to meet the demand for its specialty chocolates, as well as better position the business to expand into new product offerings.
Quick Facts:
- Funding for this initiative is provided through a repayable contribution under ACOA’s Business Development Program.
- Newfoundland Chocolate Company contributed $41,675 towards the project.
- Newfoundland Chocolate Company was incorporated in 2009 and employs 25 full-time staff.
- The company focusses on wholesome ingredients for its products and does not use any additives or preservatives. The chocolates are marketed and sold across Canada. They are available in gift shops and specialty food and retail stores, as well as at high end hotels and fine dining restaurants.
Quotes:
“Our Government is pleased to support companies like the Newfoundland Chocolate Company, which is a great example of a thriving local business that is creating economic opportunities in this region. Through this investment, the Newfoundland Chocolate Company was able to increase capacity and efficiency within its operations, which is boosting productivity and business growth.”
- The Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency)
“The support we received from ACOA was instrumental in allowing our company to expand our production capability in order to fulfill the growing demand for our artisan chocolates. We’ve since expanded our markets into every province in Canada and are enjoying steady growth within Newfoundland and Labrador.”
- Brent Smith, Chief Chocolate Officer, Newfoundland Chocolate Company
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Contacts
Kelsie Corey
Director of Communications
Office of the Honourable Rob Moore
Atlantic Canada Opportunities Agency
613-941-7241
Julie Afonso
Acting Director, Public Affairs
ACOA NL
709-772-2984
Brent Smith
Chief Chocolate Officer
Newfoundland Chocolate Company
709-579-0099
