Innovative Program Helps Newfoundland and Labrador Commercial Property Owners Attract Global Investors

  • Industry, Energy and Technology

September 22, 2020

Commercial property owners in Newfoundland and Labrador are invited to participate in a program called Atlantic Canada Certified Sites which is designed to help attract foreign investment to the Atlantic Region. Interested landowners are encouraged to view an introductory webinar on the program, which is now available here.

Atlantic Canada Certified Sites is a pan-Atlantic platform which prequalifies commercial and development properties for sale, and then promotes them to potential investors around the world. Through this program, commercial property owners can apply to have a rigorous assessment review conducted by an independent third party with extensive knowledge of commercial site attraction. Once a site is certified through this process, it is deemed suitable and ready for development and investment.

When a property receives its ‘Atlantic Canada Certified Site’ designation, it immediately becomes more attractive to investors and site selectors who gain access to important background information to help them with investment decision making. Information such as utility and transportation infrastructure and environmental assessments is collected and authenticated to help inform and speed up the site selection decisions. The cost to the landowners is $500 per listing and more information is available at www.atlanticcanadacertifiedsites.com.

As part of the program, certified sites are marketed with an advertising program in national and international markets, providing visibility to global investors and decision-makers.

The key site categories of the Atlantic Canada Site Certification Program are private landowner, a commercial site owner, or an industrial or municipal park property owner.

The program is delivered by the Atlantic Association of Community Business Development Corporations and supported by the Government of Canada and the four Atlantic Provinces through the Atlantic Trade and Investment Growth Agreement.

Quotes
“We are happy to work with our partners through the Atlantic Trade and Investment Growth Agreement on the Atlantic Canada Certified Sites platform to help boost foreign investment in the Atlantic region, including Newfoundland and Labrador. I encourage commercial property owners here in our province to check out the webinar on this exciting program. By helping these property owners attract global investors we are boosting economic development locally and helping to create jobs.”
Honourable Andrew Parsons
Minister of Industry, Energy and Technology

“Becoming an Atlantic Canada Certified Site not only helps your property stand out, but also provides potential investors with the key data and property information they need, speeding up the site selection process. For investors, certified sites mean faster turnaround times, quicker approvals, and lower risk, so they can make decisions and break ground on new development projects efficiently. It’s a win-win.”
Neville Robinson
President, Atlantic Association of Community Business Development Corporations

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Media contacts
Lisa Lawlor
Industry, Energy and Technology
709-729-5777, 631-8155
Lisalawlor@gov.nl.ca

Joe Brennan
902-747-2232
Joe.brennan@cbdc.ca

2020 09 22 10:40 am