The Port of Prince Rupert is looking to expand exports through the northern gateway and is investing $250,000 to do so.
A press release on March 18 said the Export Development Fund will help identify and develop export opportunities by working with organizations in new or expanded industries or industries not already using the port. The port plans to distribute the fund’s $250,000 over multiple projects in 2018.
“Export-oriented industries have a disproportionately large impact on our local economies, and are critical to achieving economic growth and expansion,” Ken Veldman, director of public affairs for the Port of Prince Rupert said in the release. “By focusing on regional export ‘clusters’ and their need for competitive, reliable access to the markets that provide the most value, we hope to support a practical approach to growing our collective export trade portfolio.”
The application process will open in the coming weeks.