Government of Canada Helps Grow Local Green Business
PRINCETON, ON – The Government of Canada is helping expand a local ‘green’ business and employ more local farmers. Dave Mackenzie, Member of Parliament (Oxford) announced today an investment of $250,000 for Sedum Master Inc. on behalf of Agriculture Minister Gerry Ritz. This investment will create 1 full-time, 2 part-time and 4 seasonal jobs.
“Small businesses are an important part of both our rural communities and our economy,” said MP Mackenzie. “This investment in Sedum Master Inc. will not only provide opportunities for growers in the region but it will help develop the green roof market in Canada”.
With this investment, Sedum Master Inc. will be able to increase its inventory of sedum and attract local and regional cultivators to grow for the company, supplying their new and existing customers throughout North America. Sedum is a succulent plant of the stonecrop family which is drought tolerant and well suited for the Sand Plains soil. It can be used on rooftops, walls and as part of ‘green’ floors and has many benefits such as improved air quality, lower heating and cooling costs and helping to manage storm water, making it easier on sewer systems
“Sedum products have a unique production and sales cycle, which can prove challenging when looking for financing options,” said Greg Magda, President, Sedum Master Inc. “Thanks to the Sand Plains loan, my business can expand and increase our inventory to meet the needs of this growing market”.
This investment is being provided through the Sand Plains Community Development Fund, administered by the Ontario Association of Community Futures Development Corporations. The fund targets community-based initiatives that support regional development, attract and retain people and investment, and stimulate business development and job creation.
For more information on the Sand Plains Community Development Fund, please visit www.ontcfdc.com or www.sandplains.ca.