Grants and Contributions:
Title:
New CNC Plate Roll
Agreement Number:
2425-CN-000065
Agreement Value:
$99,990.00
Agreement Date:
Sep 4, 2024 - Mar 31, 2025
Description:
Hay River Heavy Truck Sales Ltd. will undertake a project costing $99,990 (25% of a $394,090 total project cost) over one year to purchase a new CNC Plate Roller to expand their current offerings. Hay River Heavy Truck Sales Ltd. is a heavy truck dealership and tank manufacturer for truck-mounted tanks, providing welding and maintenance repairs to remote diamond mines. The business has been in operation for 10 years.
Organization:
Canadian Northern Economic Development Agency
Expected Results:
As a result of this project, they will be able to create 1 new job immediately, maintain 2 existing jobs, and expand by 6 additional jobs.
Location:
Hay River, Northwest Territories, CA X0E 0R6
Reference Number:
0780-2024-2025-Qrt3-0000025
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
804409969
Recipient Type:
For-profit organization
Recipient's Operating Name:
HAY RIVER HEAVY TRUCK SALES LTD.
Recipient's Legal Name:
HAY RIVER HEAVY TRUCK SALES LTD.
Federal Riding Name:
Northwest Territories
Federal Riding Number:
61001
Program:
IDEANorth
Program Purpose:
Inclusive Diversification and Economic Advancement in the North (IDEANorth) makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners in the territories to take advantage of Canada's innovation economy. The IDEANorth program focuses on four priority areas: economic growth and sector development; business scale-up, productivity and innovation; small-scale economic infrastructure development; and foundational economic infrastructure.