Stephenville Airport Corporation Receives $99,000 to Support Business Growth
July 31, 2014 – Stephenville, NL – Atlantic Canada Opportunities Agency
The Stephenville Airport Corporation is implementing a three year strategic business plan thanks in part to investments by the federal and provincial governments. The announcement was made today by the Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency), and the Honourable Susan Sullivan, Minister of Innovation, Business and Rural Development.
The Airport Corporation will use this funding for costs associated with implementing its strategic plan and long term business investment and attraction activities. Currently there are a broad range of industrial developments occurring in the Stephenville region that present the Corporation with the opportunity to forge new and beneficial industrial partnerships.
Executing tactical business activities will allow the Corporation to diversify its revenue stream and establish a viable operation with respect to air services and related business development opportunities.
Quick Facts:
- The Government of Canada, through ACOA’s Business Development Program, is contributing $49,500 to the project.
- The Government of Newfoundland and Labrador’s investment of $49,500 is provided through the Department of Innovation, Business and Rural Development which provides support to organizations by way of non-repayable contributions for projects aimed at supporting economic development, innovation and capacity building in all regions of the province.
- The Stephenville Airport Corporation is a not-for-profit entity that own and operates the Stephenville International Airport.
Quotes:
“Targeted marketing in potential growth sectors and markets is critical to success in any industry. Our Government’s support for the Stephenville Airport Corporation will help it foster growth through new business opportunities in corporate and military aviation, and further strengthen the region’s economy.”
- The Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency)
“This $99,000 joint investment will assist the Stephenville Airport Corporation in moving forward with their business development goals. I am confident as they progress and implement the objectives of their strategic plan, their accomplishments will prove beneficial in improving the Corporation’s infrastructure and their ability to attract new business to the airport and the surrounding community.”
- The Honourable Susan Sullivan, provincial Minister of Innovation, Business and Rural Development
“Our airport is the front door to economic activity on the West Coast and South West Coast of Newfoundland and Labrador. We are grateful for this level of support as it enables the Corporation to implement our three-year strategic plan. This initiative aims to move the Stephenville Airport Corporation towards achieving our strategic goals of expanding and diversifying opportunities and represents a very significant step in rebuilding our airport and securing approximately 70 direct and indirect jobs the airport.”
- Brenda Martin, Airport CEO and Manager
Related Products:
Associated Links:
Contacts:
Kelsie Corey
Director of Communications
Office of the Honourable Rob Moore
Atlantic Canada Opportunities Agency
613-941-7241
Kelsie.Corey@acoa-apeca.gc.ca
Julie Afonso
Acting Director, Public Affairs
ACOA NL
709-772-2984
Julie.Afonso@acoa-apeca.gc.ca
Jennifer Tulk
Director of Communications
Department of Innovation, Business and Rural Development
709-729-4570, 709-728-4104
jennifertulk@gov.nl.ca
Brenda Martin
Airport Manager and CEO
Stephenville Airport Corporation
709-643-8455
brenda.martin@cyjt.com
