Aerospace manufacturer receives funding from The Canadian Government

The (ACOA) Atlantic Canada Opportunity Agency is supporting Aerospace manufacturer Bradeans Tool & Die LTD. with a technology investment of around 64 thousand dollars in funding from ACOA.

Amherst, NS, January 21st, 2015

The business development program is to add an enterprise resource planning system, this system will track quality control data and assist the management in making timely informed decisions. Adding this system will eliminate duplicate data entry and improve overall operational efficiency. Bradeans co-owners are saying that they need to do this for the ability to grow the business, eliminate all the paperwork and allow employees to actually track what the costs will be for each job allow users to track delivery times. Efficiency will be improved dramatically.

The company builds built-to specifications products including drop hammer dies, stretched form blocks and injection moulds. By continuing and improving it’s infrastructure and processes the company has been able to meet the demanding requirements of the aerospace industry. One of the biggest improvement was to add a five-axis vertical milling center with a robotic arm. This machine produces highly complex parts with intricate shapes that will enable Bradeans to create new types of components with great efficiency. ACOA has provided 223 thousand dollars in repayable contributions to this project to that was valued well over 1 million dollars, the company itself will invest the rest of the money.

Innovation is very critical to support existing industries in Canada and to develop new ones, that’s why the Canadian Government is to committed to encourage technology adoption that will increase the productivity, growth and competitiveness of the business. Bradeans has become a local success by focusing on quality and precision. The Canadian government is proud to stand behind them as they continue to grow. The government says to continue to maximize our Atlantic region’s economic success we need smart thinking companies like Bradeans who know where the greatest business growth comes from by pursuing international markets. The success in this competitive manufacturing sector is the company’s ability to fund and implement the best technlogical advancements available.

Bradeans focus, always has been to bring this technology together with a highly motivated and skilled group of employees. This insures that they offer their current and future customers receive the quality and value they deserve. The company owners praise their employees for Bradeans success and will be adding 11 new employees to the team. The owners also said that this dedication has led to partnerships with aerospace leaders such as IMP, BOEING, SPIRIT AEROSYSTEMS, BOMBARDIER, BELL HELICOPTER, CESSNA, and SIKORSKY.

The Canadian government says that Bradeans has come along way since being established in 2002. Today it has become one of the industry leaders in Nova Scotia. The company specializied mainly in five-axis machining of tools and parts for the aircraft manufacturing sector.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT MANUFACTURING GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, NEW BRUNSWICK BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS, SMALL BUSINESS GOVERNMENT GRANTS

Government Business Loan for Seafood Processing Facility

Governments of Canada and New Brunswick Invest in Knocean Foods Ltd.

Scoudouc, NB, August 13th 2014

Knocean Foods Ltd., a value-added food processing company, announced news today of a combined investment from the Government of Canada and the Province of New Brunswick for equipment purchases for their newly built seafood processing facility, which will result in export sales and the creation of up to 25 new new jobs for the region.

The project involved the construction of a 23,000 square foot processing facility in the Scoudouc Industrial Park and the purchase of production equipment.

The facility is also expected to increase demand for locally sourced seafood especially lobster.

The Government of Canada and New Brunswick both invested $500,000 in the form of repayable loans in this project. New Brunswick also provided a $225,000 payroll rebate over 6 years for the creation and maintenance of 25 positions.

New Brunswick’s fish and seafood sector is a vital component of the province’s social and economic fabric. More than 7,000 New Brunswickers are employed in the province’s fish and seafood industry, which was responsible for an average of 21.3 percent of Canada’s fish and seafood exports to the world between 2010 and 2012.

One in five Canadian jobs is linked to exports, and the Government of Canada recognizes the important role that opening new markets plays in Canada’s long-term prosperity. That is why it has prioritized initiatives such as the Canada-European Union Comprehensive Economic and Trade Agreement and the Canada-Korea Free Trade Agreement – so that leading exporters can continue to grow and fuel the region’s prosperity for many years to come.

TAGS: GOVERNMENT FARM LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT MANUFACTURING GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, NEW BRUNSWICK BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS