Nanaimo benefits from Feds boosting B.C. economic projects

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“This project will help maintain forestry jobs, strengthen one of Vancouver Island’s major industrial employers, and improve the competitiveness of B.C. pulp products in global markets,” the news release stated.

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Nearby business Niik Steel, located in the Duke Point Industrial Park, received $1 million to produce metal decking, flooring, and other steel building components in western Canada.

“This will strengthen domestic construction supply chains and increase access to locally made building materials for projects across B.C. and Canada.”

Niik Steel, Vancouver Island’s largest commercial steel manufacturer, received $900,000 from the B.C. government this past spring for equipment and capacity enhancements.

Niik Steel produces steel beams for a variety of commercial and institutional construction applications. (Image Credit: File photo/NanaimoNewsNOW)

Funding for both Nanaimo-based projects announced this week was approved by the federal government in February.

Non-profit organization Vancouver Island Economic Alliance also received $300,000 to help businesses enter new domestic and international markets.

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