April 26, 2010
MIRAMICHI (CNB) - The provincial government is helping to maintain 22 jobs and create seven more in Miramichi .
It is doing so through Business New Brunswick's NB Growth program and the Independent Booksellers' Technology Development Grant Component of the Department of Wellness, Culture and Sport.
Wellness, Culture and Sport Minister Hédard Albert announced the investment today along with Minister of Public Safety and Solicitor General John W. Foran and representatives of recipient companies.
"As a government, we believe small businesses contribute greatly to the growth and prosperity of their communities," said Albert. "We are proud to help these local entrepreneurs increase their business, either through buying modern equipment, branching out into new markets or expanding their facilities."
Through both grant programs, Lightning Demand Press Inc. in Miramichi has received a total of $95,000 to assist with the purchase of New Brunswick's first print-on-demand book press.
"The Espresso Book Machine is revolutionizing the book publishing industry, and government is pleased to help this small Miramichi company make use of this technology," said Albert. "This direct-to-consumer model eliminates shipping, warehousing, returns and destruction of unsold books, and allows global availability of millions of new and backlisted titles. We are proud to support this innovative company as it contributes to our goal of self-sufficiency."
Company president Krishna Prince said the investment is a vote of confidence in her business.
"This funding will help create a new model for book production in New Brunswick and launch a new business," said Prince. "This support from the provincial government will allow us to purchase technology, create new jobs and build a strong local company with global reach from our home in Miramichi."
Two other Miramichi companies, Carroll's Bakery and Sheetal Holdings Inc., received funding from the NB Growth Program.
Business New Brunswick launched the $3-million NB Growth program in October 2007 to support company start-ups and expansions. The program provides eligible entrepreneurs up to $100,000 to establish a new business, and up to $60,000 to expand, diversify, or improve productivity at an existing business.
EDITOR'S NOTE: A list of companies in the Miramichi region participating in the NB Growth Program follows. MEDIA CONTACT: Elizabeth Joubert, Department of Wellness, Culture and Sport, 506-457-6445 or 506-470-5291, email@example.com.
Companies in the Miramichi region supported by the NB Growth Program
Carroll's Bakery was approved for $19,800 to purchase an automatic bread dough divider and rounder to increase productivity. The bakery employs nine people, and will add one more full-time baker.
Sheetal Holdings Inc. received $45,900 to perform extensive upgrades and renovations to the Fundy Line Motel and Restaurant to increase its Canada Select rating. The assistance allowed the company to add three new employees to its workforce of 10.
Lightning Demand Press Inc. was approved for $45,000 to purchase a book-making machine, which offers a print-on-demand technology that provides a direct-to-consumer distribution and print model for books. The company employs three people and will hire three more.