ACOA helps Richibucto company buy new equipment
Imperial Manufacturing is getting $500,000 in non-repayable funding from Ottawa to purchase advanced manufacturing equipment and create up to 15 new jobs.
A release states the new equipment will help improve productivity and increase domestic and export sales.
Norm Caissie, Founder and CEO of Imperial Manufacturing says, "As we celebrate our 40th anniversary in 2019, we want to expand here in New Brunswick, where our roots are. This funding will help Imperial Manufacturing invest in new equipment and technological upgrades that will make us more competitive and able to explore new opportunities."
The provincial government is also providing $113,412 towards the project.
Ottawa's contribution is being provided under the Regional Economic Growth through Innovation (REGI) Steel and Aluminium Initiative.