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“The Government of Prince Edward Island is accelerating the rural economy by investing in businesses which match our labour force market,” said Minister Roach. “Through our excellent training program at the nearby Holland College - Georgetown facility, companies such as AAPT have access to trained Island job applicants.”

The Government of PEI, through the PEI Century Fund will provide AAPT with financial assistance of a $1.5 million loan towards a $3.2 million project to establish a manufacturing facility for commercial marine and other equipment. Innovation PEI is providing assistance through the Innovation and Development Labour Rebate, and the Marketing Support Program.

AAPT is a joint venture between Jason Aspin and Elizabeth Boyd, owners of two complementary businesses engaged in the marine technology market. Aspin is an owner of AspinKemp and Associates (AKA), an established designer and builder of electrical equipment for marine and industrial environments. Boyd is an owner of Careli Marine Corporation Ltd (CMC), an engineering company looking to expand their company to PEI. AAPT will perform work for both AKA and CMC as well as offering machining and metal fabrication services to other Island businesses.

AAPT will be hiring from 10 employees to an expected 30 employees over the next five years. Positions range from skilled machinists, assembly workers, welders, drafters, shop supervisors, and engineers, as well as administrative staff.

“The Pooles Corner facility provides both the space and the high quality machinery we need to support the manufacturing needs of our growing businesses,” said Mr. Aspin. “Having it right here on the Island in an area with a pool of skilled labour and an excellent training facility made the choice that much better for us.”

Further employment is expected to be created by those companies that sublet surplus space in the building from AAPT.