Business, Tourism, Culture and Rural Development
December 23, 2014
Encouraging Economic Diversification and Growth
Holyrood Explores Opportunities for Emerging Ocean Sector
The Town of Holyrood will explore developing an Ocean Business Park to service the growing ocean and technology sectors with an investment of $45,000 from the Provincial Government. This investment will help the town complete a feasibility assessment to identify how to develop a business park to meet industry needs.
"Other successful projects like the Marine Institute's Holyrood Marine Base have positioned Holyrood as a strategic hub for the growing marine technology sector. This investment will help Holyrood examine opportunities in this emerging market."
- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development
The assessment will include researching similar parks in other jurisdictions, identifying possible sites and potential park tenants, defining a vision for future development and outlining linkages with key research and industry partners such as Marine Institute and Memorial University.
"The Town of Holyrood has identified the development of an Ocean Business Park as a strategic priority. Our government is pleased to support this vision, as this project will help create new local and provincial economic opportunities in the ocean sector."
- Tom Hedderson, MHA for Harbour Main
Through the Regional Development Fund, the Department of Business, Tourism, Culture and Rural Development provides support to organizations by way of non-repayable contributions for projects aimed at supporting economic development, innovation and capacity building in all regions of the province.
Additional information on programs can be found at: www.ibrd.gov.nl.ca/starting/fundingincentive/index.html
QUICK FACTS
- The Government of Newfoundland and Labrador is investing $45,000 to explore developing an Ocean Business Park in the Town of Holyrood to service the growing ocean and technology sectors.
- The funding will assist the town with the completion of a feasibility assessment, which will identify how to develop a business park to meet industry needs.
- The Regional Development Fund provides support to organizations by way of non-repayable contributions for projects aimed at supporting economic development, innovation and capacity building in all regions of the province.
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Media contacts:
|
Tansy Mundon
Director of Communications Department of Business, Tourism, Culture and Rural Development 709-729-4570, 693-1865 tansymundon@gov.nl.ca |
Linda J. Walsh
Communications Manager Government Members Office 709-729-0898, 691-2960 lindajwalsh@gov.nl.ca |
2014 12 23 3:30 p.m.