Feb. 26, 2009
UPPER KINGSCLEAR (CNB) - Twenty-four jobs will be created and more than 25 others will be maintained at five businesses in central New Brunswick with support from the NB Growth program.
Business New Brunswick Minister Greg Byrne made the announcement today at Howell Ventures Ltd. in Upper Kingsclear, a company that manufactures hand controls for drivers with disabilities. He was joined by Fredericton-Silverwood MLA Rick Miles and Keith Howell, owner of Howell Ventures Ltd.
"This program is critical to the growth and success of our small businesses," Byrne said. "Our investment of $310,000 will help these central New Brunswick businesses accomplish government's larger goals of putting more people to work and helping local companies reach new markets."
The $3-million NB Growth program provides eligible entrepreneurs with up to $100,000 to establish a new company, and up to $60,000 to expand, diversify, or improve productivity at an existing business. It has supported company start-ups and expansions in every region of the province since its launch in October 2007.
"Howell Ventures Ltd. offers unique products to a global market, and we are looking to implement new, innovative projects," said Howell. "The NB Growth Program has provided our company with the means to expand our facility and begin production on two new products. This will allow us to target niche markets that were previously out of our reach."
To date, the government has announced NB Growth funding for 33 small businesses in the province, creating 92 jobs and maintaining another 181.
"Our government is proud to support the development of these businesses as they contribute to the growth of our economy and our long-term vision of self-sufficiency," Byrne said. "The success of these small companies and their workers is proof that business can be profitable in New Brunswick."
EDITOR'S NOTE: Following is a list of the five companies in central New Brunswick participating in the NB Growth program. MEDIA CONTACT: Ryan Donaghy, communications, Business New Brunswick, 506-453-2694, e-mail: firstname.lastname@example.org.
Companies in central New Brunswick supported by the NB Growth program
Howell Ventures Ltd. of Upper Kingsclear, which manufactures hand-control systems for drivers with disabilities, received $60,000 for diversification and expansion of its operations. This investment will create three full-time jobs and maintain 11 others.
The Learning Bar of Fredericton received $60,000 for its expansion to meet the growing demand for its services as an online school-survey provider. The expansion will create three full-time positions and maintain three others.
E9 Group Inc. of Lincoln received $100,000 for start-up costs. The company, which has developed an environmentally-focused social networking web application, will create seven full-time jobs and maintain five others.
Lawrence Wood Products Ltd. of Fredericton, which manufactures drumsticks, received $60,000 to expand its operations. The expansion will create nine full-time jobs and maintain three others during the next two years.
Gebhardt International Cedar Homes Inc. of Jemseg, which manufactures cedar log homes, received $30,000 to diversify its operations and improve productivity. This will enable the company to create two full-time jobs and maintain three others.