Harper Government Announces Investment To Help Maintain Forestry Sector Jobs In Invermere
September 01, 2009
Invermere, British Columbia
Jim Abbott, Member of Parliament for Kootenay-Columbia, on behalf of the Honourable Lynne Yelich, Minister of State for Western Economic Diversification, announced Harper Government support under the Community Adjustment Fund (CAF) to help Golden Timber Frames Limited Partnership and Golden Timber Frames Ltd strengthen economic opportunities.“Our Government, through Canada’s Economic Action Plan, is making timely, targeted investments in western Canadian communities to reduce the impacts of the global recession,” said MP Abbott. “ Timber Frames is an example of how our Government is helping our region to emerge from this challenging time. ”
With this funding, Golden Timber Frames will introduce a new wood wall system manufacturing technology; purchase a dry kiln to enhance production and reduce costs; and diversify its customer base by marketing to builders across North America. The dry kiln unit is environmentally friendly as it minimizes energy consumption and emits only water.
Federal funding of $1,487,500 is being provided through the Community Adjustment Fund (CAF) as part of Canada’s Economic Action Plan.
“With the ever growing trend of Environmentally Friendly Construction Technologies, the successful development and implementation of more energy efficient Massive Exterior Enclosure Systems, we are now able to engage into the first phase of market evaluation and introduce a new Massive Exterior Wall System, not existing in North America, thanks to the Government of Canada’s contribution,” said Hans Plechinger, CEO, Golden Timber Frames Limited Partnership.
The project will immediately create employment and training opportunities during the installation and testing of the dry kiln. Benefits include long-term employment, strengthened First Nations economic engagement, expanded exports of value added wood products and adoption of new manufacturing technologies in the wood products industry.
A part of Canada’s Economic Action Plan, the Community Adjustment Fund (CAF) is a two-year, $1 billion national program that will provide an economic stimulus by supporting projects that create jobs and maintain employment in rural communities.
The fund will provide $306 million over two years to support the most affected western Canadian communities, such as those that are heavily reliant on resource-based industries, for instance forestry, mining, agriculture and fisheries, and communities that depend on the manufacturing industry. Western Economic Diversification (WD) is delivering the fund in the four western provinces.
Visit the Community Adjustment Fund (CAF) in the West or Canada’s Economic Action Plan for more information.
For more information, contact:
Western Economic Diversification Canada
Golden Timber Frames Limited Partnership