February 17, 2014
Stimulating Economic Growth Through Investment in Business Development
Business Development and Trade Initiatives Supported with $57,706 Investment
Seventeen Newfoundland and Labrador businesses are in a better position to grow their operations as a result of Provincial Government funding totalling $57,706. Made available through the Department of Innovation, Business and Rural Development’s Business Development Fund, the investment will support local businesses to explore emerging market opportunities through business to business trade shows and fairs as well as undertake market research.
“There are numerous companies operating throughout the province with
very specific mandates and business plans, and it is essential they are able
to connect with other professionals on the ground where they are doing
business. This $57,706 investment supports business development
opportunities by providing businesses with the support they require to
participate in trade missions, achieve greater productivity and make lasting
and profitable connections with other like-minded organizations.”
- The Honourable Terry French, Minister of Innovation, Business and
Rural Development
Recent trade missions have focused on strengthening and enhancing trade partnerships through face-to-face meetings with businesses, academic institutions, potential buyers and other strategic partners. A full list of organizations receiving funding can be found in the backgrounder below.
Through sound fiscal management and responsible decisions, the Government of Newfoundland and Labrador is strengthening the business environment, encouraging the development of innovative industries and building a vibrant economy.
QUICK FACTS
- Funding totalling $57,706 will support 17 Newfoundland and Labrador businesses to explore market opportunities through trade shows, fairs and marketing initiatives.
- Funding will provide support to assist businesses strengthen operations and help to advance economic opportunities and business development in their respective industries.
- To ensure flexible funding and serve the needs of small and medium-sized businesses, over $36 million is available through the Business Development Fund to help businesses grow and compete in their markets and sponsors trade missions to promote trade opportunities for local businesses.
- The Department of Innovation, Business and Rural Development offers a wide range of services to economic development organizations. Additional information on programs can be found at: //www.ibrd.gov.nl.ca/sectordev/index.html
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Media contact:
Heather MacLean
Director of Communications
Department of Innovation, Business and Rural Development
709-729-4570, 697-4137
heathermaclean@gov.nl.ca
BACKGROUNDER
Organizations Supported through the Business Development Fund
| Company / Organization | Project Details |
| NONIA | Support attendance to the Delplex Christmas Craft Fair in Halifax, the Butterdome Signatures Craft Show in Edmonton and the Sundog Fair in Saskatoon. |
| Bradley Hancock Holdings Inc. | Support attendance to the Meet. Connect. Explore. Business to Business Forum. |
| Nunacor Development Corp. | Support attendance to the Meet. Connect. Explore. Business to Business Forum. |
| Humber Arm Environmental Association | Support attendance to the Smart Ocean Conference in Belfast, Ireland. |
| Marine Institute | Support attendance to the Smart Ocean Conference in Belfast, Ireland. |
| Indigena Enterprises Inc. | Support attendance to the WeConnect Conference in Toronto. |
| Elizabeth Burry | Support attendance to three jewellery trade shows in Toronto and Arizona. |
| Esonar | Support attendance to a trade mission to Zhoushan, China |
| Urve Manuel | Support attendance to the ‘One of a Kind’ Christmas Craft Trade Show in Toronto. |
| Berg Water | Support marketing initiatives, including switching packaging from plastic to glass bottles. |
| Labrador North Chamber of Commerce | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
| Tiller Engineering Inc. | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
| Big Land Geomatics | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
| C&T Enterprises | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
| Labrador Consulting | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
| CBCL Limited | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
| Innu DMC | Support attendance to the 2014 Northern Lights Conference in Ottawa. |
2014 02 17 4:05 p.m.