Business New Brunswick

Government invests in Fredericton company (09/08/27)

NB 1224

Aug. 27, 2009

FREDERICTON (CNB) - One of Fredericton's most successful companies will be expanding into new global markets thanks to $30,000 in assistance from the NB Growth Program.

(Multimedia)

Business New Brunswick Minister Victor Boudreau made the announcement today at the Northampton Brewing Company Ltd. in Fredericton. He was joined by Social Development Minister Kelly Lamrock, and Sean Dunbar, co-owner of the company.

"This company is proof that New Brunswick's business environment offers real rewards for competitive companies and innovative products," said Boudreau. "A self-sufficient New Brunswick depends on the success of our entrepreneurs, and the NB Growth Program will continue to fulfil its commitment to help our companies break new ground and edge out the competition."

The funding will help the company increase its production with more efficient equipment, as well as improve shipping capabilities for possible future export to markets in the United States and Europe. It will also help create one new marketing position and help maintain six other jobs within the brewery.

"This microbrewery has been making a name for itself across the country with its high-quality Picaroons Traditional Ale products," said Lamrock. "We've seen this company grow in leaps and bounds in recent years, and we are proud to support such a dynamic, innovative local business."

"Our company has had unparalleled success in New Brunswick, and there is an appetite to branch out to introduce our products to new markets," said Dunbar. "We are eager to modernize our equipment and increase our marketing efforts, and the provincial government's assistance has been a contributing factor in making this a reality."

Business New Brunswick launched the NB Growth program in October 2007. It has supported company start-ups and expansions throughout the province.

The program provides eligible entrepreneurs with up to $100,000 to establish a new business, and up to $60,000 to expand, diversify, or improve productivity at an existing business.

09/08/27

MEDIA CONTACT: Ashley Bursey, communications, Business New Brunswick, 506-453-2694, e-mail: ashley.bursey@gnb.ca.

09/08/27