December 7, 2022 · Eel River Crossing, New Brunswick · Atlantic Canada Opportunities Agency (ACOA)
Small and medium-sized businesses and the organizations that support them represent the backbone of regional economies. 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 investment supports business growth
Today, René Arseneault, Member of Parliament for Madawaska-Restigouche, announced an investment of $1.1 million through the Jobs and Growth Fund (JGF) for ALPA Equipment Ltd. (ALPA) to support a project that will create at least 15 new jobs by 2023. The announcement was made on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA.
The investment will help ALPA establish a manufacturing and assembly line for a multi-functional harvester, the Landrich Harvester. The project will also allow the company to increase production and sales through improved operations.
Launched in July 2021, the Jobs and Growth Fund (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.
