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Government Funding / Government Secured Business Loans for Provincial Bandag Tires Ltd. |
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Government of Canada and New Brunswick invests in Local Tire Company.
January 17, 2013 Edmundson, NB.
The honourable Bernard Valcourt, Associate Minister of National Defence and Minister of State (Atlantic Canada Opportunities Agency) (La Francophone), and the Honourable Madeleine Dube, Minister of Social Development, announced its investment in the firm Provincial Bandag Tires Ltd.
“Our investment in Provincial Bandag Tires Ltd. is a positive stop in the economy. This project is about helping a company that is determined to grow its business and build its future in Northern New Brunswick. By supporting projects like these, we are investing in the future of Madawaska, making it a better place to live, work and raise a family” said Minister Valcourt.
The Federal government provided a $136,010 repayable contribution to the firm. The Province of New Brunswick is investing $71,000. The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) is providing up to $99,000. Provincial Bandag Tires Ltd. is also investing $98,136 towards the project. The combined federal and provincial investment will help the company acquire and implement new computer software, which will increase efficiency and modernize the plant.
Provincial Bandag Tires Ltd is a family business established in 1972. The company specialises in retreading heavy transport tires, as well as installation and repair services for all types of tires. “Today’s investment will permit a local company to seek greater opportunities by modernizing its facility,” said Dubé, on behalf of Economic Development Minister Paul Robichaud.
TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT, SECURED LOANS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS |
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Government Funding / Government Secured Business Loans for Gunther Huettlin Manufacturing Inc. |
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Government of Canada Invests in Manufacturing Business in Ontario
January 11th, 2013 Belleville, Ontario.
The member of Parliament for Prince Edward-Hastings, Daryl Kramp, on behalf of the honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced the investment of a $500,000 repayable contribution provided through the Prosperity Initiative to Gunther Huettlin Manufacturing Inc.
“Through this investment, GH Manufacturing will be better positioned to service its customers, improve operating efficiency, and acquire new business. This will help to diversify the economy in Belleville, and create innovation, new opportunities for the expanding manufacturing industry within the region.”
Gunther Huettlin Manufacturing Inc. (GH) is a packaging company which offers a system of services to work on projects around the world. GH Manufacturing Inc. has developed a system which allows them to partner with companies all over the world “- working transparently on projects from conception to execution - providing their customers with freedom to focus on creativity and sales growth objectives”.
With the help of the Government of Canada, GH Manufacturing capacity will be greatly improved. With the installment of three high speed production lines, it will create jobs for residents in the Belleville area. The investment will also help the company to compete for new North American business. “We are pleased to have the support of the Government of Canada on this project,” said Gunther Huettlin, President and CEO, GH Manufacturing. “This support allows us to create employment benefiting both our employees and the community.”
TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT, SECURED LOANS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS |
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Government Funding / Government Secured Business Loans for Pond Biofuels Inc. |
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Canadian Government Provides Investment in Pond Biofuels Inc.
November 15th, 2012 St. Mary's, Ontario.
The Government of Canada has invested in the firm Pond Biofuels to help grow its operations. With the investment in the firm, the Government of Canada is focusing on increasing the country’s productivity, creating jobs and growing the economy. The contribution of a Government Secured Loan of $908,280 through FedDev Ontario’s Investing Business Innovation initiative will help Pond Biofuels “accelerate the commercialization of its technology used to capture carbon dioxide from raw stack emissions and produce algae that can subsequently be converted into biofuels.”
“Pond Biofuels is ecstatic to partner with FedDev Ontario to leverage public and private contributions from our angel investors,” said Steven Martin, CEO and Chief Scientist of Pond Biofuels. “The investing in Business Innovation initiative will allow us to accelerate the commercialization of our technology towards an industrial scale CO2-to-algae facility.”
TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT, SECURED LOANS, GOVERNMENT FUNDING, BUSINESS NEWS |
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Government Funding / Government Business Loans for R.D.M. Group |
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Government of Canada Provides Business Loan to R.D.M. Group
November 1st, 2012 Beresford, New Brunswick.
R.D.M. is a group of three companies focused on industrial manufacturing. The group includes All-Tech Hydraulic & Mechanical Inc., Precision Machine Works Inc., and Protech Mechanical Inc. These three companies collaborate together to provide heavy manufacturing services to the Oil and Gas, forestry and Mining sector across the East Coast. The R.D.M. Group of Companies is always searching for innovative and more efficient methods of providing services to clients.
The Government of Canada has provided a Government Business Loan of $84,600 in the form of an unconditionally repayable contribution to support the expansion of a building and to buy equipment through the Business Development Program. TAGS:
TAGS: GOVERNMENT GRANTS, BUSINESS GRANTS, CANADIAN BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT FUNDING, BUSINESS NEWS |
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