Business, Tourism, Culture and Rural Development
September 17, 2015

Supporting Economic Development in Rural Newfoundland and Labrador

Provincial Government Invests in New Opportunity in Arnold�s Cove

The Government of Newfoundland and Labrador is supporting the Town of Arnold�s Cove in the development of an industrial park with an investment of approximately $285,000. Once complete, the park, which sits adjacent to various major industrial infrastructure, such as the North Atlantic Refinery, Whiffen Head Transshipment Terminal and the Bull Arm Fabrication facility, will benefit the businesses that service the region.

�Our government is proud to support municipalities in their efforts to develop infrastructure that supports economic development and diversification. The Town of Arnold�s Cove recognizes their strategic location and the advantage it presents for local businesses to capitalize on supplier development opportunities. We are pleased to invest in this initiative which can help expand the economic base of the town and service operators in the region.�
- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development

This investment, along with approximately $285,000 from the Town of Arnold�s Cove, will go toward the development of nine lots.

�I wish the Town of Arnold�s Cove success as they move forward with the development of an industrial park. This is an excellent project which can provide services to surrounding industrial clients, and will help create economic opportunities for the town.�
- Calvin Peach, MHA for Bellevue

The park will be constructed on 20 hectares of land along Whiffen Head Road within the town.

�Our town council, business community, and other stakeholders are excited to move forward with this important infrastructure project, and the support of the Government of Newfoundland and Labrador makes this possible. Once complete, this park will be a significant asset for Arnold�s Cove and the surrounding region.�
- Basil Daley, Mayor of Arnold�s Cove

The Government of Newfoundland and Labrador has invested more than $200 million in economic and business development initiatives since 2005. 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.btcrd.gov.nl.ca/

Developing strong regions is essential to maintain and increase the province�s population. The Provincial Government is committed to supporting such initiatives, as outlined in the population growth strategy, Live Here, Work Here, Belong Here, A Population Growth Strategy for Newfoundland and Labrador, 2015-2025. The strategy will ensure investments and programs are aligned to encourage individuals to choose Newfoundland and Labrador to live, work and raise a family. For more information visit www.homeforgoodnl.ca

QUICK FACTS

• The Government of Newfoundland and Labrador is supporting the Town of Arnold�s Cove in the development of an industrial park with an investment of approximately $285,000.
• This investment, along with approximately $285,000 from the Town of Arnold�s Cove, will go toward the development of nine lots.
• The Government of Newfoundland and Labrador has invested more than $200 million in economic and business development initiatives since 2005.

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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

Terri Temple Constituency Assistant to Calvin Peach MHA for Bellevue TerriTemple@gov.nl.ca 709-729-1546

2015 09 17                              2:45 p.m.