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Halifax Business Blog

Top 25 ACOA Contributions of 2022

Updated: Dec 15, 2023

1

Real Dairy Co. of Newfoundland

$8.00 million

Type: Unconditionally repayable loan

Purpose: Establish a secondary dairy processing facility in Newfoundland and Labrador


2

Department of Industry, Energy and Technology (Newfoundland)

$5.20 million

Type: Grant

Purpose: Implementation of a Critical Minerals Geoscience and Exploration Assistance Program


3

Halifax International Security Forum (Nova Scotia)

$4.50 million

Type: Grant

Purpose: Funding support to host the 2022 Halifax International Security Forum


4, 5

Tacora Resources Inc. (Newfoundland)

$3.30 million

Type: Unconditionally repayable loan

Purpose: Add two Manganese Reduction Circuit process lines to increase capacity and efficiencies

Town of Pictou (Nova Scotia)

$3.30 million

Type: Grant

Purpose: Build infrastructure to expand the deCoste Centre's programming space


6, 7, 8, 9

Country Ribbon Inc. (Newfoundland)

$3.00 million

Type: Unconditionally repayable loan

Purpose: Adopt new advanced manufacturing technologies to meet local market requirements

Acadian Seaplants Ltd. (Nova Scotia)

$3.00 million

Type: Unconditionally repayable loan

Purpose: Acquire automated processing equipment and expand processing facility in Cornwallis

Barry Group Inc. (Newfoundland)

$3.00 million

Type: Unconditionally repayable loan

Purpose: Undertake development of an advanced manufacturing facility

Verschuren Centre (Nova Scotia)

$3.00 million

Type: Grant

Purpose: Scale industrial bioprocessing capacity


10

Superior Glove Works Ltd. (Newfoundland)

$2.53 million

Type: Unconditionally repayable loan

Purpose: Undertake development of an advanced manufacturing facility


11

Newfoundland & Labrador Association of Technology & Innovation Inc.

$2.52 million

Type: Grant

Purpose: Establish an innovation hub focused on remote operations in Newfoundland and Labrador


12

Prince Edward Island BioAlliance Inc.

$2.35 million

Type: Grant

Purpose: Support the delivery of Emergence 3.0 in Atlantic Canada


13

Prince Edward Island BioAlliance Inc.

$2.34 million

Type: Grant

Purpose: Acquire equipment for CASTL's Charlottetown biomanufacturing training facility


14, 15, 16, 17, 18

Colab Software Inc. (Newfoundland)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Support and enhance business development activities to drive revenue growth

University of New Brunswick

$2.00 million

Type: Grant

Purpose: Accelerate digital skills capacity to support business and sector growth in New Brunswick

Marshall Aerospace Canada Inc. (New Brunswick)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Establish an advanced manufacturing and integration facility

Moosehead Breweries Ltd. (New Brunswick)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Purchase equipment to increase production capacity and efficiency

Lewis Mouldings & Wood Specialties Ltd. (Nova Scotia)

$2.00 million

Type: Unconditionally repayable loan

Purpose: Acquisition of automated manufacturing equipment


19

Universite de Moncton (Nouveau Brunswick)

$1.96 million

Type: Grant

Purpose: Strengthen the French-speaking IT workforce to meet the demands of SMEs


20

University of New Brunswick

$1.93 million

Type: Grant

Purpose: UNB CNER Phase II - Advanced Nuclear Reactors Laboratory (ANRL)


21

$1.89 million

Type: Grant

Purpose: Province of Newfoundland and Labrador ACAT Bilateral Project 2020-2023


22

Comite Organisateur du Congres Mondial Acadien (Nova Scotia)

$1.80 million

Type: Grant

Purpose: Plan and host the 2024 Acadian World Congress


23, 24

Pan American Properties Inc. (PEI)

$1.60 million

Type: Unconditionally repayable loan

Purpose: Support new four season tourism development in rural PEI.

Conseil Economique du Nouveau-Brunswick

$1.60 million

Type: Grant

Purpose: Support businesses in Francophone and Acadian communities in sustainable development


25

Notus Electronics Ltd. (Newfoundland)

$1.50 million

Type: Unconditionally repayable loan

Purpose: Undertake development of an advanced hydro-acoustics R&D/manufacturing facility

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Source: Government of Canada Portal


-HBB



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