Innovation, Trade and Rural Development
December 20, 2006
Market Development Program Helps Burin Peninsula Companies
Companies on the Burin Peninsula are
making use of government�s Business and Market Development Program (BMDP).
BMDP, a program of the Department of Innovation, Trade and Rural
Development, provides small sums of strategically-aimed funding to help
companies to pursue new markets and develop new business ideas.
South Coast Aquaculture Ltd. of Little Bay, Fortune Bay, has been
approved for $6,219 from BMDP to investigate new skills and technologies
in mussel growing and harvesting in Ireland and Scotland. The U.S.
market for mussels is expanding and there is a need to increase
production capacities while maintaining quality. The company hopes to
create two new jobs as a result of this initiative and increase hours of
work for production employees.
Dynamic Air Shelters Ltd. of Grand Bank has received $12,500 to
facilitate production efficiencies at a second facility in Grand Bank.
It has also received $7,578 for skills transfer and training on new
equipment. Dynamic Air Shelters manufactures inflatable shelters for
industrial use. The Alberta company has closed its production facilities
in Calgary and moved its equipment to a second facility in Grand Bank
because of the superior quality of the local workforce. The company
currently provides 35 jobs in its two Grand Bank facilities and has
contracts with U.S. medical supply firms, and oil companies in the U.S.
�We are committed to helping businesses and non-profit economic
development groups in all parts of the province. We believe in helping
Newfoundlanders and Labradorians to help themselves. No other economic
development funding agency in this province has as many rural offices
and staff dedicated to the pursuit of economic development of this
province,� said the Honourable Trevor Taylor, Minister of Innovation,
Trade and Rural Development.
Lighthouse Productions of Grand Bank has received $5,580 to establish a
market presence for the Grand Bank Regional Theatre Festival and
increase ticket sales. The festival is Lighthouse Productions main
product and provides 21 full-time seasonal jobs.
The Business and Market Development Program is designed to provide new
entrepreneurs and expanding small businesses with funding to help them
acquire the necessary expertise to pursue new business ideas and new
markets for their products or services. The program is intended to
support new growth opportunities in the economy, such as value-added
manufacturing activities and export-oriented opportunities.
Director of Communications
Department of Innovation, Trade and Rural Development
2005 12 20