PRINCE GEORGE, B.C. – The governments of Canada and BC are giving money toward the development of a business plan that will be the next step towards having a federally inspected beef processing plant in Prince George.
Prince George-Valemount MLA Shirley Bond says this plant would create many jobs.
“With an estimated 800 related new jobs, a processing plant in Prince George brings the potential of another economic driver to our city, the Cariboo and the North. Should the business model prove successful, we are well positioned through our shipping, rail and transportation infrastructure to help put B.C. beef on dinner tables around the world.”
The BC Cattleman’s association (BCAA) will receive up to $144,ooo of federal as well as provincial government money to “identify supply-chain and investment partners, and develop business models for the ownership and operation of the plant.”
The BCAA will also be contributing $16,000 to the development of the plan going forward. They will look at a marketing and sales strategy, defined production and operation requirements, as well as financial, human resource and contingency plans.
If the plan was given the go-ahead, it would significantly boost the capacity to export B.C. beef directly to foreign markets around the world.
The business plan would support BCCA research that predicted a federally inspected plant would potentially generate major economic benefits for BC’s cattle sector and the Prince George area, including, within three years of operation, potential for:
- An additional $250 million in annual beef and byproduct sales
- An increase in value-added exports of up to $180 million
- Up to 180 new full-time-equivalent jobs within the plant and about 620 spinoff jobs