Government of Canada invests in South Shore businesses

Equipment, expansions aimed at helping businesses modernize, grow

A key part of Canada’s economic recovery is supporting businesses as they adapt, grow and move forward from the COVID-19 pandemic. Small and medium-sized businesses and the organizations that support them represent the backbone of our economy. They generate quality local jobs and are a source of pride for their communities. To do so, businesses and entrepreneurs need a strong foundation, built on technological innovation, inclusivity and clean growth to create the workforce of the future.

FEDERAL INVESTMENTS SUPPORT BUSINESS GROWTH

Earlier this month, Ginette Petitpas Taylor, minister of official languages and minister responsible for ACOA, announced a total investment of $1,863,919 through the Jobs and Growth Fund (JGF) for seven projects with five businesses along Nova Scotia’s South Shore that are expected to create up to 31 new jobs.

Launched in July 2021, the JGF provides $700 million over three years to Canada’s regional development agencies to support a regional response and stimulate economic recovery following the COVID-19 crisis by investing in projects that will help to create jobs. Through the JGF, the Government of Canada aims to support the transition to a green economy, foster an inclusive recovery, enhance competitiveness and create jobs in every corner of the country.

South Shore Businesses receiving support include:

– East River Shipyard – $750,000 (repayable)

– Independent Fisheries Limited – $500,000 (repayable)

– Vale Packaging Limited – $450,000 (repayable and nonrepayable)

– Lloyoll Custom Building (operating as Lloyoll Prefabs) – $143,750 (repayable)

– Atlantick Repellent Products Inc. – $20,169 (repayable)