The partnership will support jobs and economic growth by servicing a major expansion of the Sherring Industrial Park.
The expansion will pave the way for Cavendish Farms to expand its business in Lethbridge by investing at least $350 million for the construction of a new, state-of-the-art frozen potato processing facility.
“Our government is working with municipalities across Alberta to provide the right conditions for jobs, economic growth and diversification. This historic private investment will create good jobs and opportunities for local farmers and it will build on Lethbridge’s stellar reputation as a national hub of agri-food business innovation.”
“The City of Lethbridge is thrilled with the decision by Cavendish Farms to stay in southern Alberta and the commitment they’ve made to our city. This is the largest investment in our city’s history, and we are tremendously excited to be part of this growth. We are proud of the strong local team we have working together with investors like Cavendish and look forward to partnering with the provincial and federal governments to maximize future opportunities for business investment and economic diversification.”
“Cavendish Farms is pleased to be expanding our business in Lethbridge and we are proud of the relationship we have built with the City, the provincial government and the people who make up this community,”
Discussions between the city and the province on the infrastructure upgrades required to support the expansion of Sherring Industrial Park are ongoing and expected to be finalized in spring 2017.
Potatoes grown in Southern Alberta are among the highest-value agricultural crops grown in the province. It is anticipated that the investment announced today will create demand for an additional 3,640 hectares of potatoes, which will create greater opportunities for local producers and will increase the province’s value-added food processing capabilities. Today’s announcement will also provide more jobs and benefits for the local economy.