Oct. 16, 2007
ST. STEPHEN (CNB) - A new manufacturer is now part of St. Stephen's business community, and is creating 10 positions as part of its new stone fabricating facility. Business New Brunswick Minister Greg Byrne visited Sticks and Stones Fabricating Ltd. today to announce the government's support for the manufacturer.
Byrne was joined at the news conference by company president Tom McFarlane, general manager Andrew Ludwig, Supply and Services Minister Roly Macintyre, and St. Stephen Mayor Allan Gillmor.
"Our assistance demonstrates the provincial government's commitment to small business and to the manufacturing sector in our province," Byrne said. "We are proud to partner with Sticks and Stones as it builds its client base and exports its products to new markets. Small businesses are the backbone of our economy, and it is fitting that we announce support for an important new employer in St. Stephen during Small Business Week. Our self-sufficiency goals depend upon the strength of businesses in every part of our province."
Sticks and Stones fabricates granite and other stone products for the residential and commercial countertop market. It has been exporting products to Bermuda since May, and recently started supplying new markets in New England.
The Government of New Brunswick will provide Sticks and Stones with a term loan of $400,000 to help with capital expenditures and equipment for the facility.
"It is with great enthusiasm that we start this new business venture in the St. Stephen area. Our relationship with an existing company in Bermuda and the proximity to the New England markets are the foundations of establishing our facility in this area," McFarlane said. "The financial participation of Business New Brunswick has allowed our facility not only to achieve our original goals, but to expand into these markets almost immediately. We are extremely grateful for their assistance in our project."
MEDIA CONTACTS: Ryan Donaghy, communications, Business New Brunswick, 506-453-2694; Andrew Ludwig, Sticks and Stones Fabricating Ltd., 506-466-6642