Innovation, Trade and Rural Development
October 23, 2008
Project Strengthens Competitiveness of
Enterprises
The Long Range Regional Economic
Development Board will receive $39,520 from the Provincial Government to
help install a six-kilometre, three-phase power line from McKay�s to St.
David�s. The new power line will provide high voltage power for
industrial use in an effort to attract business and make current
industrial operations in the area more efficient.
�The Provincial Government�s investment in a three-phase power line in
the Bay St. George South area represents our commitment to providing
important infrastructure � infrastructure that helps stimulate economic
growth,� said the Honourable Trevor Taylor, Minister of Innovation,
Trade and Rural Development. �This initiative enhances the development
of a more competitive, productive region and supports the growth and
profitability of enterprises.�
The additional of industrial power to the region will result in
significant commercial benefits. It enables Chaffey�s Dairy Farm � the
region�s largest farm � to expand its operations, along with potentially
creating opportunities for other local enterprises.
�This project will provide industrial infrastructure to a rural
community, laying the groundwork for local economic development and the
expansion of the business community,� said John MacPherson, Executive
Director, Long Range Regional Economic Development Board.
�This investment marks an important step in strengthening the
competitiveness of three separate businesses,� said the Honourable Joan
Burke, MHA, St. George�s - Stephenville East. �With improved
competitiveness comes the opportunity for new employment and business
opportunities, which ultimately contributes to the long-term
sustainability of the area.�
Funding for this project is provided through the Provincial Government�s
Regional/Sectoral Diversification Fund (RSDF). RSDF is a $5-million fund
that provides non-repayable contributions to economic development
agencies for initiatives that address regional and sectoral development
and diversification.
A not-for-profit organization, the Long Range Regional Economic
Development Board is focused on planning and facilitating economic
development opportunities within its region.
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Media contacts:
Scott Barfoot
Director of Communications
Department of Innovation, Trade and Rural Development
709-729-4570, 690-6290
ScottBarfoot@gov.nl.ca |
John MacPherson
Executive Director
Long Range Regional Economic Development Board
709-643-3421
jmacphersopn@wec-center.nl.ca |
2008 10 23
1:30 p.m. |