PENOBSQUIS (GNB) – The federal and provincial governments are providing a combined investment of more than $310,000 to Cardwell Farms Compost Products Inc., in Penobsquis.

The funds will help the company expand its compost, topsoil and bark mulch operations in order to meet increased demand.

“A stronger economy is a vital part of our plan for rebuilding New Brunswick,” said Natural Resources Minister Bruce Northrup. “Investing in these types of projects helps communities grow and creates new opportunities.”

Northrup spoke on behalf of Economic Development Minister Paul Robichaud.

“Our government's top priority is creating jobs, growth and long-term prosperity,” said Fundy Royal MP Rob Moore. “We are proud to contribute to the growth and success of our Atlantic Canadian small and medium enterprises. Our investment in Cardwell Farms Compost Products Inc. will improve the company's competitiveness and help increase production, bringing economic growth and benefits to the Sussex region.”

Moore spoke on behalf of Bernard Valcourt, minister of state for the Atlantic Canada Opportunities Agency (ACOA) and La Francophonie.

The investment will help the company to increase production, reduce costs and streamline its general operations. The expansion will include the installation of an asphalt mixing pad as well as the purchase of equipment.
 
“As we move forward in this next phase of development, I appreciate the confidence that both levels of government have shown in Cardwell Farms,” said Jim Cunningham, president of Cardwell Farms Products Inc. “This is great assistance in order to achieve our production improvement goals. With the completion of these improvements, Cardwell will be able to streamline production while maintaining a quality product for our valued customers.”

The federal government, through ACOA's Business Development Program, is providing a repayable contribution of $203,545 toward the expansion initiative; as well as an additional $50,000 through the Atlantic Investment Partnership to support the hiring of a general manager. The provincial government is investing $57,000.

The company produces quality certified organic soil amendments and mulches. With markets in Eastern Canada and the Northeastern United States, Cardwell Farms has the capacity to produce about 65,000 tonnes of compost and soil amendments each year.