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March 15, 2013
For immediate release

Governments of Canada and Prince Edward Island support businesses in Pooles Corner

Innovation PEI

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The Honourable Gail Shea, Minister of National Revenue and Minister for the Atlantic Canada Opportunities Agency (ACOA), and the Honourable Allen Roach, PEI Minister of Innovation and Advanced Learning, today announced funding for the Atlantic Advanced Power Technologies (AAPT) and Eastern Fabricators to expand and establish manufacturing facilities in Pooles Corner.

“Our Government is pleased to support companies who are helping to create jobs and growth in our region’s economy,” said Minister Shea. “These projects provide an opportunity for these companies to benefit from our Government’s $35 billion shipbuilding strategy. It is a great example of the ability of Island entrepreneurs to become suppliers and sub-contractors for major marine and defence procurements, both here and abroad.”

The Government of Canada has invested $360,000 to AAPT and $220,000 to Eastern Fabricators through ACOA’s Business Development Program to help purchase new equipment in their new facility. The Government of Prince Edward Island has invested $1.5 million to AAPT and $47,616 to Eastern Fabricators to support the companies’ relocation to the Pooles Corner facility.

“The Government of PEI’s investment into assisting the relocation of these companies has accelerated job growth in rural Prince Edward Island,” said Minister Roach. “The excellent infrastructure combined with access to state-of-the art equipment makes the Pooles Corner facility an excellent manufacturing location for these companies.”

AAPT has received $515,000 from both levels of government to establish a manufacturing facility for commercial marine technology and other marine equipment. This facility will support the company in offering machining and metal fabrication services throughout Atlantic Canada. This facility will establish a service on Prince Edward Island which was not previously available.

“We are proud to open AAPT in an area we have long-standing ties with. We have identified solid business opportunities and as they develop, we will offer stable, rewarding employment to a growing number of workers,” said Mr. Jason Aspin, CEO, Aspin & Kemp. “We intend to support other local businesses by sourcing our supplies in the community and want to be a major part of renewing the economy of eastern PEI.”

Eastern Fabricators has received $220,000 from ACOA to establish a manufacturing facility at this facility. The company has full-service capabilities in food processing fabrication, process layout design, custom design fabrication for the oil and gas industry, piping fabrication and custom machining work. The establishment of this facility will help create jobs and stimulate the local rural-based economy.

Media Contact: Rebecca Bruce
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