ACOA investment helps Maritime Cold Storage Ltd scale up and expand operations

From: Atlantic Canada Opportunities Agency

As the world continues to deal with the impact of COVID-19, New Brunswick companies are adapting operations and seeking new market opportunities to stay on the cutting edge and spur growth. The Government of Canada remains focused on keeping Canadians safe and healthy, while also ensuring businesses and individuals have the support they need during this global health and economic crisis.

Federal investment supports rural economic development

Today, the Honourable Dominic LeBlanc, President of the Queen’s Privy Council for Canada and Minister of Intergovernmental Affairs and Member of Parliament for Beauséjour, announced a repayable contribution of $1.5 million to help Maritime Cold Storage Ltd (MCS) expand its current cold storage facility by 20,000 square feet. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages.

The expanded facility will help the Botsford Portage company meet the demand for cold storage space for seafood, produce and other food products throughout the Maritime provinces. This expansion allows two part-time employees to move into full-time positions, and will create an additional part-time and full-time job once the project is complete.

Today’s announcement further demonstrates the Government of Canada’s commitment to help businesses grow, reach new markets and contribute to Atlantic Canada’s economic recovery.

Quotes

“Workers and businesses are essential to the success of our economy and have the support of the Government of Canada. Today’s announced expansion will bring new growth opportunities to Maritime Cold Storage and help grow the region’s economy. We will continue to make investments to create jobs and help businesses across the economy come roaring back.”

– The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA

“This strategic federal investment is vital to our region as cold and frozen storage is a critical component of the food supply chain. Maritime Cold Storage plays a valuable role in the food industry sector and rural economic development in Southeast New Brunswick.”

– The Honourable Dominic LeBlanc, President of the Queen’s Privy Council for Canada and Minister of Intergovernmental Affairs and Member of Parliament for Beauséjour

“Maritime Cold Storage Ltd is a long-standing Public Refrigerated Warehousing owner-operator with over 12 years of experience as an essential service provider for key processors and food suppliers across the Maritime provinces. We are proud of our role as a key solution for the storage and logistic needs of our customers that represent seafood, bait, produce and other frozen products. We would like to thank ACOA for their participation in the funding of the expansion to our facility. Our ownership and Maritime Team are excited and committed to future growth so that we can best serve our customers and our community.”

– Nicolas Field, General Manager, Maritime Cold Storage Ltd

Quick facts

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