The company opening its newly expanded facility in Nisku.
Earlier this year, we told you the company had qualified for Alberta's Agri-Processing Investment Tax Credit and was granted a conditional approval for a tax credit of up to nearly $1.3 million.
The program provides a 12% non-refundable tax credit when corporations invest $10 million or more in a project to build or expand a value-added agri-processing facility in Alberta.
Agriculture Minister RJ Sigurdson congratulating the company on it's new facility.
"The Little Potato Company’s new $39.5-million facility doubles its processing capacity to 125 million pounds of potatoes each year, producing packaged spuds with delicious seasoning that can be quickly roasted, microwaved or grilled. Seventy per cent of the company’s processed products will be exported to the United States, boosting Alberta’s reputation as the third-largest agri-food exporter in Canada."
More information on Alberta's Agri-Processing Investment Tax Credit can be found here.