As the world continues to deal with the impact of COVID-19, New Brunswick companies are adapting operations and seeking new opportunities to stay on the cutting edge of innovation and boost growth. The Government of Canada remains committed to keeping Canadians safe and healthy, while also ensuring businesses and individuals have the support they need throughout the pandemic.
Federal investment supports company's growth
Today, the Honourable Ginette Petitpas Taylor, Member of Parliament for Moncton-Riverview-Dieppe, announced a repayable contribution of $300,000 to help Precision Countertops acquire new advanced manufacturing equipment. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages.
The new equipment will help reduce waste and decrease costs, while increasing production and labour efficiency. Through the increased production capacity, Precision Countertops will be able to grow its market opportunities.
Today's announcement further demonstrates the Government of Canada's commitment to help businesses grow, reach new markets and contribute to Atlantic Canada's economic recovery.
Quotes
"The Government of Canada continues to make investments that create jobs and help businesses across all sectors come roaring back. Today's announcement will bring new opportunities for growth to Precision Countertops and help boost the region's economy."
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA
"By investing in improved production at Precision Countertops, the Government of Canada is remaining true to our commitment to support the manufacturing sector. We are proud to help businesses expand, innovate and export their products, so that they can create quality jobs and contribute to the Canadian economy during this challenging time."
- The Honourable Ginette Petitpas Taylor, Member of Parliament for Moncton-Riverview-Dieppe
"The construction industry has seen an astronomical increase in activity over the past year. With the support of ACOA, we were able to modernize our equipment to new technologies, all while improving the safety of our employees. We are now able to complete bigger projects in residential, commercial, and multi-unit markets, as well as supply our customers more efficiently throughout Atlantic Canada. Thank you ACOA."
- Roméo Goguen, President, Precision Countertops
Quick facts
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Precision Countertops operates under Wildwood Cabinets Ltd.
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Established in 1976, Wildwood Cabinets Ltd. employs 149 people in the Moncton region. The company specializes in the design and manufacture of high-end residential and commercial cabinets.
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The new equipment includes a stone polishing machine and water filtration system.
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ACOA's contribution is provided through the Regional Economic Growth through Innovation (REGI) program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
