With roots dating back to 1870, MacAusland’s Woolen Mills Ltd. is one of the longest-operating businesses on Prince Edward Island. Since 1932, they have been keeping people from all over Canada and the United States warm with their traditional blankets made from 100% virgin wool, their core business to this day.
Bobby Morrissey, Member of Parliament for Egmont, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), and the Honourable Heath MacDonald, Minister of Economic Development and Tourism today announced government support for this company to replace aging equipment.
MacAusland’s will purchase and install two modern textile weaving looms to increase productivity. ACOA, through its Business Development Program, approved a repayable contribution of up to $150,000 to the company for new equipment. The provincial government is providing $10,000 under the Capital Assistance Acquisition Program to support the cost of the new equipment.
Quotes
“The Government of Canada believes that public investment plays an important role in growing the economy. We are pleased to support MacAusland’s Woolen Mills as they seek to modernize and expand production of their authentic and handcrafted products. This investment in innovation and entrepreneurship further strengthens our local economy.”
- Bobby Morrissey, Member of Parliament for Egmont on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister Responsible for the Atlantic Canada Opportunities Agency (ACOA)
“Small and medium sized business, like MacAusland’s Woolen Mills, are the backbone of the provincial economy and our government is committed to supporting them. This investment will help accelerate growth, build capacity, and increase productivity for this long standing Island business, all conducive to government’s plan to enhance our exports and grow our economy.
- The Honourable Heath MacDonald, Minister of Economic Development and Tourism
“As a fifth-generation company, we understand the need to innovate to remain competitive. With this new technology, our traditional wool blankets still have the same old fashioned charm, and now we can produce more efficiently, thanks in part to this funding.”
- Mr. Dale MacAusland/Mr. Alex MacAusland, Co-Owners, MacAusland’s Woolen Mills Ltd.