The funding from Alberta’s government will help British Columbia sweets company English Bay construct a 100,000-square-foot factory in the town, creating 70 new permanent jobs and 90 construction jobs for Albertans.
“The Investment and Growth Fund has been a great success for Alberta. For every $1 million that the fund grants, over $58 million is expected to be spent in the province. These investments create opportunities, build prosperity and provide jobs that support families, pay mortgages and buy groceries.”
Alberta’s economy has momentum, and the province is focused on creating jobs and growing and diversifying the economy. The government’s commitment to low taxes and reducing red tape has created one of the friendliest environments for investment and job creators in North America.
English Bay’s well-known chocolate bars, candy, cookies, baked goods and nutrition bars are sold across North America. Growing into Stony Plain will help the company benefit from the region’s Port Alberta hub, providing the opportunity to ship products to hundreds of destinations worldwide.
“In my many years of growing diverse companies, I find people to be my greatest resource. Our team is exceptional, helping each other across businesses. We have established relationships with the Town of Stony Plain through the development of our other entities and seek to continue growth in Stony Plain with the move of English Bay to this wonderful community.”
“I’m honoured and elated to welcome English Bay Blending and Fine Chocolates to Stony Plain. English Bay’s investment will create valuable jobs, diversify and boost the local economy, and contribute to growing the community. I thank the province of Alberta, as the Investment and Growth Fund was impactful in solidifying the investment in Stony Plain. I share our gratitude with our partners at Edmonton Global, as this is an enormous win for the community and the Edmonton Metropolitan Region. Stony Plain is a growing and vibrant community and Mr. Seguin's decision to relocate English Bay's operations here and invest in our community will play an essential role in that growth.”
“We are extremely excited to welcome English Bay into the Edmonton Metropolitan Region. Value-added agriculture holds so much potential for our region. We’re one of the few places in the world that produces more food than we consume, and our northern location means we’re strategically connected to global markets. We look forward to seeing English Bay benefit from our strong ecosystem and continue their growth here.”
Alberta’s government created the Investment and Growth Fund in 2021, which has helped bring eight companies to Alberta. These companies are expected to create more than 700 permanent full-time jobs and 2,000 part-time and temporary jobs, resulting in $1 billion in capital spending in Alberta.
“English Bay coming to Stony Plain is extremely exciting news, and I’d like to welcome them to our lovely province. Our government is committed to rural communities like Stony Plain. And through the Investment and Growth Fund’s Rural Stream, Alberta’s government is helping to expand and diversify our economies and create opportunities.”
Budget 2023 secures Alberta’s future by transforming the health-care system to meet people’s needs, supporting Albertans with the high cost of living, keeping our communities safe and driving the economy with more jobs, quality education and continued diversification.
Alberta’s government introduced the Investment and Growth Fund in 2021 to help increase Alberta’s competitiveness for attracting investment.
The Investment and Growth Fund is a targeted invitation-only marketing and investment incentive program for the Government of Alberta and its fund partners, one of which is Edmonton Global.
Budget 2023 will provide $15 million over three years for the fund – $10 million is dedicated to the Core Stream and $5 million for the Rural Stream. This will ensure all parts of Alberta can attract high impact investment.
Investment and Growth Fund program highlights include:
Applexus Technologies establishing its Canadian headquarters in Calgary, creating 125 permanent jobs.
Siwin Foods, expanding with a new food production facility, creating 50 permanent jobs and 50 construction jobs in Edmonton.
Southland Trailers expanding its operations and doubling its production capacity in Lethbridge County, creating 253 permanent and 25 construction jobs.
CGC Inc. building a wallboard manufacturing plant in Wheatland County, creating more than 100 permanent and about 200 construction jobs.
Nova Scotia’s GoodLeaf Farms building a vertical indoor farm in Calgary, creating 70 permanent and 50 construction jobs.