Jan. 26, 2010, Truro, N.S. — Nova Scotia Agricultural
College (NSAC) will benefit from $7 million in funding from the Atlantic Canada
Opportunity Agency (ACOA) and the Province of Nova Scotia for the construction
of the Atlantic Centre for Agricultural Innovation at NSAC.
Jan. 26, 2010, Truro, N.S. — Nova Scotia Agricultural
College (NSAC) will benefit from $7 million in funding from the Atlantic Canada
Opportunity Agency (ACOA) and the Province of Nova Scotia for the construction
of the Atlantic Centre for Agricultural Innovation at NSAC.
The funding was announced by the Honourable Peter MacKay,
Minister of National Defence on behalf of the Honourable Keith Ashfield,
Minister of National Revenue, Minister of the Atlantic Canada Opportunities
Agency and Minister for the Atlantic Gateway, and the Honourable John
MacDonell, Nova Scotia’s Minister of Agriculture.
The Government of Canada is investing $2 million from ACOA’s
Community Adjustment Fund (CAF), a key economic stimulus initiative under
Canada’s Economic Action Plan for the first two phases of the project. The
Province of Nova Scotia is investing $500,000 in the first two phases and $4.5
million in the third and final phase.
“The Government of Canada is pleased to invest in
infrastructure projects that promote agricultural innovation in Atlantic
Canada,” said Minister MacKay. “This investment reflects the objectives of our
government’s Economic Action Plan by making strategic investments in economic
sectors that position Canada for new and sustained growth as we emerge from the
global recession.”
The investment “ties in well with the development of our
government’s 10-year strategy for agriculture by providing a state-of-the-art
research facility that will connect the work of Nova Scotia’s agri-based
researchers, producers, and processors,” said John MacDonell, Nova Scotia
Minister of Agriculture. “The Atlantic Centre for Agricultural Innovation will
support local agri-businesses to take advantage of new bio-product
opportunities.”
The federal contribution will assist with site work, site
services and the construction of the foundation and building shell. Once
constructed, the Centre will play a critical role in addressing the
commercialization gap between agricultural research and development for startup
and established agri-based businesses. NSAC will also use this new facility to
incubate, accelerate and attract businesses to the Truro/Colchester region.
The third phase of the project, being funded by the
province, includes the completion of the interior of the building resulting in
space for future tenants as well as laboratories and cold storage.
“I want to recognize the people and organizations,
especially the Colchester Regional Development Agency, who have worked to make
this Centre a reality,” said Leslie MacLaren, NSAC co-president and VP
academic. “The NSAC believes this facility provides a location for researchers
and innovators to come together with entrepreneurs and business development
professionals to create new agriculture business opportunities.”
Canada’s Economic Action Plan, through CAF will deliver a
total of $1 billion to local economies throughout Canada. The total CAF
allocation for Atlantic Canada is $100.4 million.
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