McCain grants open for second round of proposals

Creating jobs for Islanders -

The McCain Foods Adjustment Fund continues to help Prince Edward Island’s economy prosper, and new proposals for the fund are now being accepted.

McCain set up the fund when its Borden-Carleton plant closed in October 2014, and nine businesses and the municipal government of Borden Carleton were awarded a total of $2 million in grants in May 2017. Several of those projects did not move forward (and $618,000 in funding was never dispersed), so Innovation PEI is inviting Island businesses, communities, and non-profit organizations to submit a new round of proposals at www.innovationpei.com/mccain.

“Supporting economic growth for our Island is a top priority,” Economic Development and Tourism Minister Chris Palmer said.

“This fund has helped create good jobs for hard-working Islanders at businesses like MacDougall Steel, Silliker Glass, Treetop Haven, and others. It’s also improved our export capacity, and I have no doubt that it will continue to have positive impacts for Prince Edward Island.”

A committee of representatives from Innovation PEI, the community of Borden-Carleton, the Central Development Corporation, Atlantic Canada Opportunities Agency, and McCain will evaluate all of the project submissions.

“I am looking forward to further investments in the Borden-Carleton area and demonstrating our dedication to the development of rural communities,” Regional and Rural Development Minister Pat Murphy said. “It is a positive contribution to the community, our people, and our province."

Proposals will be accepted until September 28, 2018.

Media contact:
Andrew Sprague
asgsprague@gov.pe.ca