Nova Cold Consolidated Limited is getting a generous boost thanks to the federal and provincial governments.

The company will receive a loan of $410,000 from Ottawa and $540,000 from the Dexter government.

The company is building another facility in the Atlantic Gateway Halifax Logistics Park in Burnside to meet the growing demand of Atlantic Canada’s food exporters to offshore markets.
 
Defence Minister Peter MacKay and MLA Becky Kent made the announcement Friday.
 
MacKay says the government is providing the money to help Atlantic Canada compete.  

“That’s why our government investing in Atlantic Canadian business; so that we can build a more competitive economy and we can compete, we know we can compete, with the rest of the country and the rest of the world,” he explains. “We do it in shipbuilding, we’re doing it energy and manufacturing and we’re certainly doing it in the natural resource sector.

He says the money will help the company get better equipment.

“Our assistance will help Nova Cold acquire some of the state-of-the-art machinery required to operate the new globally competitive facility that they have in sight, including a modern cold-chain logistical center with the latest in cold storage and handling technology,” explains MacKay.

The new facility is expected to open in spring 2013.