St. Lawrence Industrial Park to Boost Economic Development

From: Atlantic Canada Opportunities Agency

New park will support the area’s growing mining and aquaculture sectors

March 15, 2019 – St. Lawrence, NL – Atlantic Canada Opportunities Agency

A strong industrial sector helps to foster new business opportunities, create good paying jobs, spur economic growth and build vibrant communities.

That is why the Town of St. Lawrence is developing an industrial park to support the region’s growing mining and aquaculture sectors. The new park will provide the Town with the necessary infrastructure to attract new businesses and better position itself to respond to the increased demand for commercial space with the reactivation of the St. Lawrence fluorspar mine and development of the Grieg NL aquaculture project in Placentia Bay.

Beginning this spring, work on the industrial park will involve the development of eight fully serviced lots. The initiative is part of the Town’s strategic plan to increase community capacity and develop infrastructure to foster business development, create partnership opportunities and support long-term economic growth in the region.

The Government of Canada is providing a non-repayable contribution of $949,947 and the Government of Newfoundland and Labrador is contributing $365,364 for this project.

Churence Rogers, Member of Parliament for Bonavista–Burin–Trinity, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), along with the Honourable Carol Anne Haley, Newfoundland and Labrador Minister responsible for the Status of Women and MHA for Burin–Grand Bank, on behalf of the Honourable Christopher Mitchelmore, Newfoundland and Labrador Minister of Tourism, Culture, Industry and Innovation (TCII), made the announcement today.

The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping Atlantic Canadian communities access the tools they need to create sustainable economic growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.

“Atlantic Canada’s economic success comes from its strong, vibrant communities. Through ACOA, the Government of Canada is making strategic investments that build on competitive regional advantages and support the diversification of our communities. We are pleased to partner with the Town of St. Lawrence in this industrial park development, which will foster new opportunities for sustainable economic growth and help create long-term prosperity.”

– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA

“Our government believes that making smart investments in our communities helps to create good jobs for middle class families and grow local economies. That is why we are supporting the Town of St. Lawrence with this important economic development initiative. We commend the Town for its vision and commitment to seizing new growth opportunities from the mining and aquaculture sectors and making St. Lawrence a great place to do business and an even better place to call home.”

– Churence Rogers, Member of Parliament for Bonavista–Burin–Trinity

“When our government supported the reactivation of the St. Lawrence fluorspar mine, we did so to create jobs, foster business development, and support the long-term economic growth on the Burin Peninsula. To build on the success of this investment, we are pleased to support the development of an industrial park for the Town of St. Lawrence. This new industrial park responds to the increased demand for commercial space from Canada Fluospar Inc. and Grieg NL, and provides the necessary infrastructure needed in the region.”

– The Honourable Christopher Mitchelmore, Newfoundland and Labrador Minister of Tourism, Culture, Industry and Innovation

“I have worked closely with the Town of St. Lawrence in establishing it as a major centre of economic growth for the Burin Peninsula, and indeed for the province as a whole. With Canada Fluorspar Inc. already operating and Grieg NL on the cusp of establishing a major processing plant, it is important to develop an industrial park to allow businesses offering services to the mining and aquaculture industries to be close at hand. I am pleased our government is contributing $365,364 towards this venture.”

– The Honourable Carol Anne Haley, Newfoundland and Labrador Minister responsible for the Status of Women and MHA for Burin–Grand Bank

“This project will certainly bring employment opportunities to our community and attract and support businesses in offering services to the mining and aquaculture sectors. We are so pleased that this will enhance the economic growth and sustainability in our town and region. We thank all levels of government – federal, provincial and municipal – for their partnership and insight in this endeavor.”

– His Worship Paul Pike, Mayor of St. Lawrence

Quick facts

  • The Government of Canada is investing $949,947 in this project through ACOA’s Innovative Communities Fund (ICF). The Government of Newfoundland and Labrador is contributing $365,364 towards this project.

  • The Innovative Communities Fund focuses on investments that lead to long-term employment and economic capacity building in Atlantic Canadian communities.

  • Eligible recipients include non-commercial/not-for-profit organizations such as local development associations, municipalities and their agencies, business or technology institutes, industry/sector associations, economic development associations, local co-operatives, universities and educational institutions.

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