April 18, 2019 - Baie-Sainte-Anne, NB - Atlantic Canada Opportunities Agency
Innovation is critical to the economic success of Atlantic Canada. Innovation helps businesses become more efficient, resilient, and equips them better to compete in the global marketplace. Resilient businesses provide stable jobs in local communities, enabling Atlantic Canadians to stay and raise families here.
With help from the federal government, Theriault & Hachey Peat Moss Ltd has rebuilt a plant destroyed by fire in 2018, maintaining 70 jobs in Baie-Sainte-Anne. The company is also modernizing the plant with advanced processing technology that will boost efficiency, allowing it to increase exports and access new markets around the world.
The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA), is providing a repayable contribution of $1.5 million for this project.
Pat Finnigan, MP for Miramichi-Grand Lake, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, along with Gary Williston, President of Theriault & Hachey Peat Moss Ltd, 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 small and medium-sized businesses to start-up, expand or modernize and supporting not-for-profit organizations to fuel business 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.
"Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today's investment in Theriault & Hachey Peat Moss Ltd is building on our competitive advantages by creating opportunities to increase exports and access new markets to boost economic growth and create good, middle class jobs for Canadians."
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
"Theriault & Hachey Peat Moss is an important employer in this community, and this project shows its commitment to maintaining these jobs here at home. It is exciting to see this company innovate with new technologies, adapt to remain competitive, and expand its offering in the global marketplace. These efforts will benefit our entire region."
- Pat Finnigan, Member of Parliament for Miramichi-Grand Lake
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"As a third generation family business competing in the global marketplace, adaptation is an absolute necessity. To remain competitive, Theriault & Hachey has always sought to implement the newest processing technologies into our facilities to improve efficiencies and provide a safer workplace for our employees. We have been very fortunate over the years for ACOA's support to assist us in these endeavours. Our recent acquisition of advanced robotic processing and packaging technology will allow us to continue to service our existing markets and will also enable us to access new markets around the globe."
- Gary Williston, President, Theriault & Hachey Peat Moss Ltd
Quick facts
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The Government of Canada invested $1.5 million in this project through ACOA's Business Development Program (BDP).
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The BDP primarily assists Atlantic Canadian entrepreneurs who want to start a business, increase productivity or improve operations.
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The Business Development Program continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
