Grants and Contributions:

Back to search

Title:

228097

Agreement Number:

228097

Agreement Value:

$115,000.00

Agreement Date:

Dec 21, 2025 - Mar 31, 2026

Description:

Purchase advanced manufacturing equipment to increase capacity and improve efficiency

Organization:

Atlantic Canada Opportunities Agency

Expected Results:

Annual revenue of to grow by $200,000+ to $5.2M by December 31st, 2026, with the potential of increasing

The following activities will be the enable grow:

Sandblast monument production will increase by 15%+ to up to 18 monuments per day, while also recovering and recycling the engraving substrate.

Laser engraving capacity will increase by 25% from 240 to 300 units/month with no additional consumables required and no additional waste to landfill.

The print station will reduce the reject rate, lower costs and with up to 30 porcelains a month produced the new print system will save 3+ units (10%+) from the landfill.

Location:

St. Stephen, New Brunswick, CA E3L 2X2

Reference Number:

276-2025-2026-Q3-00171

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

103591780

Recipient Type:

For-profit organization

Additional Information:

The assistance type is Non-Repayable Contribution.

Recipient's Operating Name:

Smet Monuments

Recipient's Legal Name:

McFarlane T.V. & Electric Ltd.

Program:

REGI-BSP-Regional Tariff Response Initiative (RTRI)

Program Purpose:

Strengthens regional economic resilience through partnerships that address local priorities, including support for businesses affected by tariffs and other external pressures.