The federal government is investing more than $1.2 million in two Dartmouth-based manufacturers: Site 20/20 Inc. and Atlantica Mechanical Contractors.
Announced on Monday, July 27, by Sackville-Bedford-Preston MP Braedon Clark, the repayable investment comes from the Atlantic Canada Opportunities Agency’s Regional Economic Growth through Innovation program. The feds hope to see these funds used to conduct major facility upgrades that is said to spur product development while reducing costs and improving services.
Site 20/20 Inc., a safety traffic control company, received $745,000 to help expand production by upgrading its facility with advanced assembly areas, research and development prototyping labs and an upgraded IT infrastructure. This investment is expected to create 50 to 60 skilled jobs.
Atlantica Mechanical Contractors, a mechanical and electrical contractor owned by Cahill, received $456,291 to modernize its sheet metal facilities and purchase automated equipment in hopes of increasing production and reducing delays.
The exact total of the investment is $1,201,291.
“Dartmouth is home to innovative businesses that create good jobs and drive economic growth,” says Clark in a government press release. “These investments will help Site20/20 expand its manufacturing capacity and enable Atlantica Mechanical Contractors to modernize its production floor, strengthening competitiveness, reducing waste and building sustainability for the future.”
Sean Fraser, the federal minister responsible for ACOA, says that the investments will “help Atlantic Canadian companies strengthen their competitiveness and reach new customers.”
