CARAQUET (GNB) – A celebration was held here today to mark the completion of the Greater Caraquet Industrial Complex. The provincial and federal governments made a combined investment of $800,000.

"The provincial government knows the importance of investing in industrial parks as a way to help companies build relationships and work together," said Economic Development Minister Paul Robichaud. "Strategic investments such as this one are a vital part of our government's plan to rebuild New Brunswick."

The project enabled the Town of Caraquet to complete the fourth and final phase of renovations to the complex. Work included the installation of an expanded sprinkler system, washrooms, garage doors, electric panels, lighting system, heating system, ventilation heat exchanger, the  completion of roof repairs and site improvements. The building is now in lease-ready condition and able to support additional manufacturing and other industrial tenants.

"Our government's top priorities are jobs, growth and long-term prosperity for Canadians," said Bernard Valcourt, associate minister of national defence and minister of state for the Atlantic Canada Opportunities Agency (ACOA) and La Francophonie. "By working with communities and businesses across New Brunswick, we are supporting initiatives that support economic growth. Our investment in the Town of Caraquet's industrial complex is a positive step in supporting the development of northern New Brunswick's economy."

The provincial government contributed $400,000 through the Regional Development Corporation's Acadian Peninsula Economic Development Fund. The federal government contributed $400,000 toward the final phase of the project through ACOA's Innovative Communities Fund. The Town of Caraquet invested $446,468.        

"The Town of Caraquet is pleased and proud of the completion of this major challenge," said Mayor Kevin Haché. "Through the years, the vision of different municipal councils, of what would be the industrial complex, became a reality thanks to the generous contributions of the two levels of government, which have made this dream a reality. This infrastructure is an added value for the Acadian Peninsula. By saving this building, we have also developed a synergy that allowed the creation of jobs and the retention of several companies in the region."