TRAVELLERS REST – A local company is getting more than half a million dollars in public money to help build a new potato washing station here.
In a joint statement on Monday, the federal and provincial governments announced $569,000 for the RWL Holdings Ltd. project.
The federal government is contributing $500,000 through ACOA’s Business Development Program and the province is pitching in the other $69,000 through its Growing Forward 2 program. The federal money is a repayable loan, the provincial money is a grant.
The facility reportedly features the latest in automatic washing and sorting technology.
Austin Roberts, co-Owner of RWL Holdings Ltd., said in a press release that this money will allow his company to provide a valuable service to the local industry.
“With the new technology our company is helping to modernize the
potato industry here in Prince Edward Island,” said Roberts.
“This service to Island potato-growers will help increase their profits as well as help ensure the processors are receiving the best possible product. We are very grateful to both levels of government for their investments into our company and the potato industry,” he added.
Agriculture Minister George Webster said that the washing station will help local growers who use the service to get a better return on their product.
“This new equipment will help to increase the competitive position of the Island’s potato industry and achieve higher returns for producers from the marketplace,” said Webster.