News release

HRDA Enterprises Wins New Contract

A local non-profit company has secured a new, larger contract to serve the recycling needs of metro area residents with help from the provincial government.

HRDA Enterprises has been awarded a five-year contract for collection of recyclables in Halifax Regional Municipality (HRM). With $370,000 in loan guarantees from Nova Scotia Economic Development, HRDA Enterprises will sustain jobs for 27 staff.

A performance bond of $250,000, at no cost to the province, was provided five years ago to allow HRDA Enterprises to fulfil a contract for the collection of recyclables in HRM. Based on past performance, an additional and expanded contract has been awarded to HRDA Enterprises. The company now requires additional guarantees in the form of performance bonds to meet the terms of the new contract.

"This company has a proven track record," said Economic Development Minister Cecil Clarke. "We're pleased to play a small part in the success of HRDA and look forward to continued growth for the company."

"HRDA Enterprises has been a strong player in social, economic and employment initiatives within Halifax Regional Municipality for over 25 years," said chief executive officer Carson Fancy. "We are pleased to have the support of Nova Scotia Economic Development in carrying out our mandate of assisting individuals with barriers to employment."

Founded in 1978, HRDA is a subsidiary of the Human Resources Development Association of Halifax and is a not-for-profit association providing employment for disadvantaged persons. The company operates Stone Hearth Bakery, Cunard Centre (which provides academic upgrading) and an Options Work Activity Program.

FOR BROADCAST USE:

A new contract will keep 27 people on the job. With $370,000 in loan guarantees from Nova Scotia Economic Development, HRDA Enterprises will serve the recycling needs of residents of HRM.

Economic Development Minister Cecil Clarke says the company's proven track record will lead to future growth.

Chief executive officer Carson Fancy says the company's mandate of assisting individuals with barriers to employment has been part of their mandate for over 25 years.

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Contact:

Carson Fancy
HRDA Enterprises 902-492-4713 E-Mail:
Michele McKinnon
Economic Development 902-424-4998 E-Mail:
kjd            June 9, 2003        4:23 P.M.