June 23, 2016
The Ontario government and the Government of Canada are investing nearly $35,000 in a Peterborough brewery to help them expand operations and to continue to grow the province’s craft beer industry.
The Publican House Brewery has received funding under the Growing Forward 2 initiative to:
Help the company automate the canning and labeling product lines to increase productivity.
Develop a financial model that will be used to identify new growth opportunities for Publican House and identify a capital structure to support future expansions.
The funding for The Publican House Brewery is part of a $1.6 million investment through Growing Forward 2 of 42 projects at 20 craft breweries across Ontario. This funding is delivered jointly by the federal and provincial governments through Growing Forward 2, a federal-provincial-territorial initiative that supports programs aimed at improving innovation, competitiveness, market development, adaptability and industry sustainability in Canada's agri-food and agri-products sectors.
These investments help achieve the federal government’s goal to support the agricultural and agri-food sector in a way that allows it to be a leader in job creation and innovation.
Providing more opportunities for small brewers is part of the Ontario government's economic plan to deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. Through this plan, the government is making the largest investment in public infrastructure in Ontario's history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
“Ontario’s craft beer industry is rapidly growing, exposing consumers to the premium quality and culture of beer made with locally-sourced ingredients. By supporting local brewers grow like The Publican House Brewery; we are helping local communities and Ontario’s economy to thrive while building on the craft brewery industry’s booming success.”
— Jeff Leal, Ontario Minister of Agriculture, Food and Rural Affairs
“The Publican House Brewery is another great Peterborough-Kawartha success story. With hard work and innovation, this company has developed an excellent product, created a number of good jobs, and boosted our local economy. I am proud that the Government of Canada, through the Growing Forward 2 program, is supporting the work of Ontario craft breweries like Publican House Brewery, so that they can continue to excel for many years to come.”
- Maryam Monsef, MP Peterborough-Kawartha
"For a small and growing business like ours it can be difficult to meet the many challenges that a growing demand for your product can create. We are very fortunate and extremely grateful that a program such as Growing Forward 2 is available to us in order to provide that much needed assistance that is required to successfully meet those challenges."
- Marty Laskaris, Partner at Publican House Brewery
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