Government of Nova Scotia gov.ns.ca
gov.ns.ca Government of Nova Scotia Nova Scotia, Canada
 
Economic and Rural Development

News Releases

Loan Helps Maintain Rural Manufacturing Jobs

July 20, 2009

A loan from the province is helping a rural manufacturer maintain jobs and continue to export its products throughout the Maritimes and the United States.

E & M Burgess Enterprises Limited makes traditional wooden baskets of various sizes and shapes for apples, strawberries and other farm produce. Its baskets are also used by the fishing industry. The family-run company in Newport Station, Hants Co., has been in business for almost 20 years and employs 36 people.

"E & M Burgess is a rural, Nova Scotian company expanding its exports to markets in Canada and the United States," said Percy Paris, Minister of Economic and Rural Development. "This loan is an investment in its future success and in rural Nova Scotia."

In the past few years, the company has rebounded from a devastating fire at the plant to reach its highest production levels, expand its product lines and acquire new contracts.

The 10-year, interest-bearing loan is from the province's Industrial Expansion Fund. The loan will help the company meet its contract obligations and develop its export business.

As a result of the world-wide economic and credit crisis, successful companies operating in Nova Scotia are experiencing challenges accessing capital from banks. With the Industrial Expansion Fund, the government of Nova Scotia is able to provide access to capital and help protect jobs and support businesses to be more competitive and sustainable.


FOR BROADCAST USE:

A loan from the province is helping a rural manufacturer

maintain jobs and continue to export its products in the

Maritimes and the United States.

E and M Burgess Enterprises is a family-run business in

Newport Station, Hants County, that makes traditional wooden

baskets for farm produce, such as apples and strawberries.

Percy Paris, Minister of Economic and Rural Development

says the 100-thousand-dollar loan is an investment in the

company's future success.

The interest-bearing loan is from the province's Industrial

Expansion Fund. Through the fund, the government is providing

businesses with access to capital to be more competitive and

sustainable.

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Media For more information, please contact:

Donna Hooper
Economic and Rural Development
902-424-1728
E-mail: hoopermd@gov.ns.ca