As part of the B.C. Maritime Industries Strategy, 17 companies throughout the province will modernize and expand their maritime infrastructure with funding from the B.C. Maritime Industries Infrastructure Modernization and Expansion Grant Program. Delivered by the Association of British Columbia Marine Industries (ABCMI), this initiative is committed to revitalizing and expanding local B.C. businesses to be more competitive and efficient with a funding commitment of up to $25 million from the Province of British Columbia.
“British Columbia’s maritime industry has a proud history and a strong future here in B.C.,” said Brenda Bailey, Minister of Jobs, Economic Development and Innovation. “Our government is committed to supporting maritime companies to be competitive in the global economy, so they can grow, spark innovation and create more well-paying jobs throughout our province.”
The program offers up to $25 million in contributions through two capital investment streams. Stream 1 provides 50% of project capital costs up to $500,000 for equipment and facility modernization support for boat and shipyards or new small vessel construction infrastructure. Stream 2 offers 25% of project capital costs up to $5 million for increased lift and wharfage capacity, specifically for boat and ship overhaul, refit, maintenance, and repair infrastructure.
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