Little Potato Company Plans Nisku, Alberta, Operations
02/28/2024
The investment includes the construction of a new 240,000-square-foot production facility which will be able to process approximately 125 million pounds of potatoes.
“We are honored and grateful for this generous tax credit from the Government of Alberta. The investment elevates our efforts to grow, pack and bring more convenient, nourishing and flavourful Little Potatoes to busy families. We share our heartfelt thanks for this funding as we open our new Nisku packaging facility, which allows us to better serve our family farmers, communities, customers, consumers, climate, soil and water – and all of us,” Angela Santiago, co-founder and CEO, The Little Potato Company said.
The project is being supported by $1.3 million from the Agri-Processing Investment Tax Credit program. To be considered for the program, corporations must invest at least $10 million in a project to build or expand a value-added agri-processing facility in Alberta. The program offers a 12 per cent non-refundable tax credit for eligible capital expenditures.
“Our government developed Alberta’s Agri-Processing Investment Tax Credit program with corporations like The Little Potato Company in mind. The program is providing the right conditions for food and ag processors to invest in our province, grow their business and create more jobs for Albertans. Through incentives like this tax credit, we’re building on Alberta’s competitive advantages and continuing to drive economic growth and diversification, RJ Sigurdson, Minister of Agriculture and Irrigation noted.
The Little Potato Company is North America’s leader in the breeding, growing and marketing of proprietary Little Potatoes.
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