June 4, 2019 – Halifax, NS – Atlantic Canada Opportunities Agency
The ocean sector is a key economic driver in Atlantic Canada, generating new opportunities for sustainable economic growth, diversifying communities and creating well-paying jobs for the middle class. That is why the Government of Canada is supporting MacArtney Canada Ltd as it expands its production capability, improves productivity and global competitiveness.
The manufacturer of a variety of subsea products and technologies that are in demand worldwide has outgrown its original location and has built a new facility at the Centre for Ocean Ventures and Entrepreneurship (COVE) in Dartmouth. The company is purchasing machinery, equipment and fixtures that, along with the new layout, will position the company to take advantage of new opportunities arising from an expected increase in activity related to Canada’s ocean supercluster.
Today, Darren Fisher, Member of Parliament for Dartmouth – Cole Harbour, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced support for the move and expansion as MacArtney Canada celebrates the grand opening of its new space.
Economic growth and the creation of good jobs for Atlantic Canadians require innovation and diversification. Support for this project is one way the Government of Canada is working to help businesses scale-up, increase productivity and participate in the innovation economy. Projects like this also contribute to the Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“The ocean sector has accounted for about 30 per cent of Atlantic Canadian exports over the past 20 years. The Government of Canada is helping small firms in the vital ocean technology sector scale-up, strengthen the region’s competitive edge, create well-paying, highly skilled jobs and a more prosperous future for Atlantic Canadians.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“I am thrilled that our Government is investing in MacArtney Canada, helping it expand here in Dartmouth. Innovation is helping internationally competitive firms expand their markets, and create more high-value jobs. With a larger production area and space to add new employees, MacArtney Canada can increase production capacity and productivity and position itself to take advantage of opportunities arising from Canada’s ocean supercluster.
– Darren Fisher, Member of Parliament for Dartmouth – Cole Harbour
“We are extremely pleased to relocate MacArtney Canada to the new COVE facility in Dartmouth. The opportunity to collaborate more easily with clients and vendors will hopefully result in ocean technology developments of the highest quality continuing to come out of Nova Scotia. MacArtney will now be able to offer ‘on deck delivery’ of larger launch and recovery equipment to vessels that can now dock at COVE. Our new loading bay facility also means that clients can look forward to an increase in SubConn® inventory levels here in Canada.
– Thomas Knox, General Manager, MacArtney Canada Ltd.
More than half of Canada’s $30-billion ocean economy is anchored in Atlantic Canada, where ocean industries account for over one-third of all ocean-related jobs in the country.
MacArtney Canada, established in Dartmouth in 2016, is part of the international MacArtney Underwater Technology Group, headquartered in Denmark, with operations in the United Kingdom, Norway, France, the Netherlands, Germany, United States, Canada, Australia, China and Singapore.
The ocean technology company has grown from two employees in 2016 to seven. It anticipates adding another one or two employees within the next year.
MacArtney Canada’s new workspace at COVE has room for research and development, manufacturing and assembly, as well as sales and administration. Ships will be able to moor 50 metres from its doors, making it easier to install the company’s large launch and recovery equipment.
MacArtney Canada Ltd is receiving a $125,000 repayable contribution through the Regional Economic Growth through Innovation (REGI) program to go towards machinery, equipment and fixtures.
The Business Scale-up and Productivity stream of the REGI program supports businesses at various stages of development, including high-growth firms, to accelerate their growth, help them scale-up and enhance their productivity and competitiveness in both domestic and global markets.
The REGI program continues to build on the objectives of the Government of Canada’s Innovation and Skills Plan.