ACOA funds support expansion and technology upgrades at Thompson Potato Company.
March 16, 2018 By Atlantic Canada Opportunities Agency
Small and medium-sized agricultural operations in P.E.I. must adopt innovative solutions to compete in export markets and improve opportunities for employment in rural areas. That is why the Government of Canada is supporting facility upgrades at Thompson Potato Company Inc., to increase its processing capacity and extend the packing season, creating longer term employment for staff while supporting local potato growers.
The Honourable Wayne Easter, Member of Parliament for Malpeque, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), today announced federal support to expand the processing facility at Thompson Potato Company.
A repayable contribution of $350,000, provided through ACOA’s Business Development Program, will help the company build a new state-of-the-art ventilated storage expansion onto its facility in Victoria, and install optical sorting equipment.
This investment builds on commitments made by the Government of Canada and the four Atlantic provinces to drive economic growth in the region through the Atlantic Growth Strategy, which supports strategic investments in initiatives that build on the region’s competitive advantages, such as its thriving agriculture industry, strong export potential, growing innovation network, and skilled workforce.
“The storage upgrades and new optical equipment are essential to our plan for long-term, sustainable growth at Thompson Potato, and we are grateful for the repayable support from ACOA that helps us to make these investments now. The latest steps give us the capacity to better serve growers across PEI, access new export markets, and expand employment opportunities with our company,” said Wayne Thompson, Thompson Potato Company Inc.
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