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Halifax Business Blog

Atlantic Canada Opportunities Agency's 25 largest grants and loans in 2023

1

Springboard Atlantic (Nova Scotia)

$9.80 million

Type: Grant

Purpose: Support a pan-Atlantic industry engagement and technology commercialization network

 

2 

Halifax International Security Forum (Nova Scotia)

$9.60 million

Type: Grant

Purpose: Funding support to host the 2023 and 2024 Halifax International Security Forums


3

Prince Edward Island Department of Agriculture

$8.49 million

Type: Grant

Purpose: Support recovery from the impacts of Hurricane Fiona

 

4

Cooke Aquaculture Inc. (New Brunswick)

$5.00 million (2 x $2.50 million)

Type: Unconditionally repayable loans

Purpose: Acquire value-added processing equipment and undertake facility modernization in Hermitage

Purpose: Purchase of automated value-added processing equipment

 

5, 6 

Raspberry Point Oyster Co. (Prince Edward Island)

$5.00 million

Type: Grant

Purpose: Support recovery from the impacts of Hurricane Fiona

Atlantic Aqua Farms Ltd. (Prince Edward Island)

$5.00 million

Type: Grant

Purpose: Provide assistance to mitigate economic hardships resulting from Hurricane Fiona


7

Canadian Maritime Engineering Ltd. (Nova Scotia)

$4.88 million

Type: Grant

Purpose: Reconstruct wharf damaged by Hurricane Fiona

 

8

Louisbourg Seafoods Ltd. (Nova Scotia)

$4.18 million

Type: Grant

Purpose: Reconstruct wharf assets damaged by Hurricane Fiona

 

9

Quinlan Brothers Ltd. (Newfoundland)

$3.50 million

Type: Unconditionally Repayable Loan

 Purpose: Acquire automated equipment and undertake facility improvements for salmon processing


10

Victoria Co-Operative Fisheries Ltd. (Nova Scotia)

$3.46 million

Type: Grant

Purpose: Repair facilities and adapt mitigation measures against future disasters


11, 12

Shoreline Aggregates Inc. (Newfoundland & Labrador)

$3.00 million

Type: Unconditionally repayable loan

Purpose: Undertake efficiency improvements through the acquisition of advanced equipment

Volta Labs Inc. (Nova Scotia)

$3.00 million

Type: Grant

Purpose: Provide multi-year programming and operational support from 2023 to 2026

 

13

Propel Ict Inc. (New Brunswick)

$2.94 million

Type: Grant

Purpose: Deliver a Pan-Atlantic Accelerator Program 2023-2026

 

14

MDS Coating Technologies Corp. (Prince Edward Island)

$2.91 million

Type: Unconditionally repayable loan

Purpose: Scale-up of clean technology production

 

15

Systemair Inc. (New Brunswick)

$2.47 million

Type: Grant

Purpose: Purchase of specialized steel equipment to manufacture air handling units


16

Ship Hector Society (Nova Scotia)

$2.20 million

Type: Grant

Purpose: Support capital and interpretive enhancements at the Ship Hector site

  

17, 18, 19, 20, 21, 22

Island Structural Systems Inc. (Prince Edward Island)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Establish an automated truss manufacturing facility

360 Marine Ltd. (Newfoundland & Labrador)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Acquire a new Euro Carrier specialized vessel for service to the aquaculture industry

Premier Horticulture Ltd. (Quebec)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Buy equipment for a new pearlite transformation facility

Sunny Corner Exploration Inc. (New Brunswick)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Provide working capital to support sales growth

City of Summerside (Prince Edward Island)

$2.00 million

Type: Grant

Purpose: Construct a passive energy multi-tenant building in the Summerside Eco Park

New Brunswick Power

$2.00 million

Type: Grant

Purpose: Support testing of biomass as replacement fuel source for Belledune Generating Station

 

23

Prince Edward Aqua Farms Inc.

$1.99 million

Type: Grant

Purpose: Support recovery from the impacts of Hurricane Fiona

 

24

Learnsphere Canada Inc. (New Brunswick)

$1.90 million

Type: Grant

Purpose: Deliver Commercialization Consulting and Mentoring program 2023-2025

 

25

University of New Brunswick

$1.87 million

Type: Grant

Purpose:  Design and Deliver Thales National Digital Excellence Center, Canada, Innovation Programs

 

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Source: Government of Canada Open Government Proactive Disclosure portal


--HBB

 

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