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PEI

Georgetown sawmill to become new business complex

Plans are underway in Georgetown to turn a former sawmill into a multi-tenant business complex.

Town gets $2.6 M from government to repurpose Georgetown Timber facility

The Georgetown Timber sawmill closed in 2007. (Brian Higgins/CBC)

Plans are underway in Georgetown to turn a former sawmill into a multi-tenant business complex.

Almost $2 million of the cost will come as a loan from the provincial government. The Atlantic Canada Opportunities Agency is providing $750,000.

[I'm] excited about the potential it will create in terms of jobs and economic growth for the Georgetown area.- Georgetown Port president Tim Mair

The goal, according to Georgetown Port Inc., is to transform the former Georgetown Timber facility into a hub of manufacturing and marine technologies on P.E.I.'s east coast, attracting new businesses and investment, and creating and retaining skilled jobs in the area.

Premier Wade MacLauchlan, Georgetown Port Inc. president Tim Mair and Cardigan MP Lawrence MacAulay discuss plans for the Georgetown Timber site Friday. (Brian Higgins/CBC)

"We have a tenant ready to move in when the work is done on this building, and we'll be working to attract others as soon as possible," said Georgetown Port president Tim Mair.

"I'm pleased to see this project moving forward, and excited about the potential it will create in terms of jobs and economic growth for the Georgetown area."

Planners said the project will include site preparation and demolition work, upgrades to plumbing, mechanical and electrical systems, parking lot improvements, a 1,800-square-foot addition to house a new loading dock, and general interior upgrades including partition walls and doorways.