Business, Tourism, Culture and Rural Development
September 4, 2015
Investing in Strategic Development to Strengthen Communities
$104,000 Supports Argentia Management Authority's Development Plan
The Argentia Management Authority, with the support of a $104,000 investment from the Provincial Government, is better positioned to undertake business development initiatives to expand its operations and contribute to the growth of the regional economy.
"In order for communities to grow and prosper, they need sustainable infrastructure that supports current and future needs. I am confident that this investment will help the authority with the funding required to ensure that the Port of Argentia continues to be a strong economic driver, and situated to take advantage of future opportunities in the mining and offshore industries. Developments of this nature are essential to support business development and diversification of the economy."
- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development
The Argentia Management Authority owns and manages the Port of Argentia and 3,000 acres of developed land adjacent to the port, which is ready for commercial and industrial use. Provincial Government funding will be used to hire professionals to complete the Argentia Northside Development Plan. Additional information on the authority can be found by visiting: www.argentia.ca. 
"Argentia has tremendous potential to be a significant industrial centre for the province. The Argentia Management Authority has played a leading role in its development so far and this investment by the Provincial Government will be of great assistance as they move forward with their strategic plan for the port."
- The Honourable Felix Collins, Attorney General and MHA for Placentia - St Mary's
Since 2010, the Department of Business, Tourism, Culture and Rural Development has provided $18,205 in support of the Argentia Management Authority's development efforts.
Additional information on funding opportunities provided by the department and how to apply can be found by visiting: www.btcrd.gov.nl.ca/regionaldev/index.html.
"Through the Argentia Northside Development Plan we will facilitate the optimal and fair usage of our port and surrounding industrial property. In addition, the Port of Argentia rebranding program will improve understanding of our organization's value proposition thereby strengthening our marketing and development efforts. We are grateful for support of our government partner in helping us to carry out these important projects."
- Harvey Brenton, CEO of Argentia Management Authority
Helping communities stabilize and grow their population through economic development opportunities is a key element of 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
- $104,000 is being provided to the Argentia Management Authority in support of the organization's Northside Development Plan and marketing initiatives.
- The Argentia Management Authority is a private, non-profit corporation mandated to redevelop the site of the former US Naval Base at Argentia for the advancement of the Placentia region.
- Project funding is provided through the Regional Development Fund. For more information on the fund, and other development programs, please visit www.ibrd.gov.nl.ca/programs/RDF.html.
- The Population Growth Strategy is supported by four action plans covering the main elements of population growth - workforce, families, communities and immigration. For more information visit www.homeforgoodnl.ca .
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Media contacts:
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Tansy Mundon
Director of Communications Department of Business, Tourism, Culture and Rural Development 709-729-4570, 693-1865 tansymundon@gov.nl.ca |
Margaret Craniford
Constituency Assistant to the Honourable Felix Collins MHA for Placentia - St. Mary's 709-729-6926 margcraniford@gov.nl.ca |
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Chris Newhook
General Manager Argentia Management Authority 709-227-5502, ext. 202 c.newhook@argentia.ca |
2015 09 04 10:35 a.m.