. Agri-news. Agriculture. July 14, 1975 FOR IMMEDIATE RELEASE TMF CANADA-ALBERTA NUTRITIVE PROCESSING ASSIST ANCEAGREEMENT Are you interested in establishing a processing plant in a rural Alberta com- munity whieh would produce a product suitable for animal, plant or human food? Have you heard about the Canada-Alberta Nutritive Processing Assistance Agreement that came Into effect this spring? It is designed to help people with this type of prb,ect. The assistance is in the form of a grant covering up to a maximum of 35 pe cent of the total capital that would be involved in the project. Howeve
. Agri-news. Agriculture. July 14, 1975 FOR IMMEDIATE RELEASE TMF CANADA-ALBERTA NUTRITIVE PROCESSING ASSIST ANCEAGREEMENT Are you interested in establishing a processing plant in a rural Alberta com- munity whieh would produce a product suitable for animal, plant or human food? Have you heard about the Canada-Alberta Nutritive Processing Assistance Agreement that came Into effect this spring? It is designed to help people with this type of prb,ect. The assistance is in the form of a grant covering up to a maximum of 35 pe cent of the total capital that would be involved in the project. However, these grants will be paid only after commercial products has begun and there is a 20 per cent holdback for three years after the commencement of production. The applicant must be prepared to provide at least 20 per cent of the equity needed for the project. Since the assistance is specifically directed towards rural development. it does not apply to proposed operations in the Edmonton or Calgary areas, nor does ,t apply to facilities that would be too large for the average rural community. Under certain Circum- stances plant moderation, relocation and expansion and the takeover of assets may be considered. , When an application is being assessed, the proposed projects contribution to ,he net farm income in the area, and its contribution to rural balance and local community strength will all be taken into account. Its competed position and long-term v,ab,l,ty are the other factors that will be evaluated. The financial requirements of any proposed project will be thproughly analyzed because the assistance provided under the federal-provincial agreement ,s not intended to encourage non-viable enterprises nor to aid those which do not require aid. Anyone who thinks that he may qualify for one of these grants should send a short outline of his proposed project to either of the two departments listed below. Department of Regional Economic Expansion 10621 - 100 Avenue, Edmonton, T5
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Keywords: ., bookcentury1900, bookleafnumber33, booksubjectagriculture, mayaug
