Cumberland and Colchester counties businesses get new equipment, improve efficiencies to foster growth

Atlantic Canada Opportunities Agency

May 12, 2022 · Amherst, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

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 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 investments support business growth

Today, the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA, announced a total investment of $1,124,049 through the Jobs and Growth Fund (JGF) for four projects in Cumberland and Colchester counties that are expected to create up to four new jobs and maintain more than 20.

For the full list of projects, please see backgrounder.

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.

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