Innovation, Business and Rural Development
July 31,
2014
Strategic Investment Strengthens Business Environment
Stephenville Airport Corporation Receives Nearly $100,000 to Support Business Growth
To strengthen the Stephenville Airport Corporation’s ability to attract
new business, the Provincial Government and the Atlantic Canada
Opportunities Agency (ACOA) are providing a total of $99,000 to assist the
corporation in its ability to implement a three-year strategic business
plan.
“This $99,000 joint investment will assist the Stephenville
Airport Corporation in moving forward with their business development goals.
I am confident that as they progress and implement the objectives of their
strategic plan, their accomplishments will help the corporation attract new
business to the airport and the surrounding community. Our investment in the
Stephenville Airport Corporation furthers the Provincial Government’s
continued support for the entire Stephenville region which encourages
long-term prosperity and enhances the region’s economy.”
- The Honourable
Susan Sullivan, Minister of Innovation, Business and Rural Development
The Provincial Government and ACOA are each providing $49,500 to the
Stephenville Airport Corporation, while the corporation is providing an
additional $11,000 to the project. Funding will assist with the costs
associated with implementing the corporation’s strategic plan and long-term
business investment and attraction activities. Currently there are a broad
range of industrial developments occurring in the Stephenville region that
present the corporation with the opportunity to forge new and beneficial
industrial partnerships.
“Targeted marketing in potential growth
sectors and markets is critical to success in any industry. Our Government’s
support for the Stephenville Airport Corporation will help it foster growth
through new business opportunities in corporate and military aviation, and
further strengthen the region’s economy.”
- The Honourable Rob Moore,
Regional Minister for Newfoundland and Labrador and Minister of State
(Atlantic Canada Opportunities Agency)
Executing tactical business
activities will allow the corporation to diversify its revenue stream and
establish a viable operation with respect to air services and related
business development opportunities. Additional information on the
Stephenville Airport can be found at:
www.cyjt.com
.
“Our airport is
the front door to economic activity on the west coast and south west coast
of Newfoundland and Labrador. We are grateful for this level of support as
it enables the corporation to implement our three-year strategic plan. This
initiative aims to move the Stephenville Airport Corporation towards
achieving our strategic goals of expanding and diversifying opportunities
and represents a very significant step in rebuilding our airport and
securing approximately 70 direct and indirect jobs for the airport.”
-
Brenda Martin, Airport CEO and Manager
The Provincial Government is
focused on developing a diversified economic environment that supports
private sector business growth, entrepreneurship, and long-term sustainable
employment opportunities for the people of the province. A significant goal
of the Department of Innovation, Business and Rural Development is to
enhance air access to, from and within Newfoundland and Labrador by
proactively promoting the province as a strategic epicentre for business.
QUICK FACTS
- The Provincial Government and ACOA are each providing $49,500 to the Stephenville Airport Corporation, to strengthen their ability to attract new business through the implementation of a three-year strategic business plan.
- The Stephenville Airport Corporation is contributing $11,000 to support the implementation of their three-year strategic plan.
- The Department of Innovation, Business 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.
- The Department of Innovation, Business and Rural Development offers a wide range of services and assistance to new and established businesses. Additional information on programs can be found at: //www.ibrd.gov.nl.ca/programs/BIF.html
- 30 -
Media contacts:
| Jennifer Tulk Director of Communications Department of Innovation, Business and Rural Development 709-729-4570, 728-4104 jennifertulk@gov.nl.ca |
Julie Afonso Director, Communications Atlantic Canada Opportunities Agency 709-772-2984 julie.afonso@acoa-apeca.gc.ca |
| Brenda Martin Airport CEO and Manager Stephenville Airport Corporation 709-643-8455 brenda.martin@cyjt.com |