Plans to create the park, in the town of St Lawrence, have attracted investments of $365,364 from the Government of Newfoundland and Labrador and $949,947 from the Government of Canada.
The new park will provide the town with the necessary infrastructure to attract new businesses and better position itself to respond to the increased demand for commercial space with the reactivation of the St Lawrence fluorspar mine and development of the Grieg NL aquaculture project in Placentia Bay.
Beginning this spring, work on the industrial park will involve the development of eight fully serviced lots. The initiative is part of St Lawrence’s strategic plan to increase community capacity and develop infrastructure to foster business development, create partnership opportunities and support long-term economic growth in the region.
“This new industrial park responds to the increased demand for commercial space from Canada Fluorspar Inc. and the Grieg NL, and provides the necessary infrastructure needed in the region,” said Christopher Mitchelmore, Canada’s Minister of Tourism, Culture, Industry and Innovation
“With Canada Fluorspar Inc. already operating and Grieg NL on the cusp of establishing a major processing plant, it is important to develop an industrial park to allow businesses offering services to the mining and aquaculture industries to be close at hand. I am pleased our government is contributing $365,364 towards this venture” said Carol Anne Haley, Minister Responsible for the Status of Women, and MHA for Burin-Grand Bank.