BusinessThe Little Potato Company Qualifies for Alberta's Agri-Processing Investment Tax Credit Program

The Little Potato Company Qualifies for Alberta’s Agri-Processing Investment Tax Credit Program

-

On an annual basis, potato production contributes more than $2 billion to Alberta’s economy.

The Little Potato Company is embarking on a new $39.5-million project in Nisku. This initiative aims to double the company’s processing capacity and enhance production of packaged potatoes with assorted seasonings, offering consumers convenient options for quick roasting, microwaving, or grilling, according to a press release.

The Little Potato Company’s new facility currently employs 224 Albertans. The 240,000-square-foot facility in Nisku will be able to process about 125 million pounds of potatoes, up from 65 million pounds at the former Edmonton location.

“The investment elevates our efforts to grow, pack and bring more convenient, nourishing and flavourful Little Potatoes to busy families,” said Angela Santiago, co-founder and CEO, The Little Potato Company, adding their new Nisku packaging facility, will allow them to better serve their family farmers, communities, customers, consumers, climate, soil and water.

The Alberta government launched the Agri-Processing Investment Tax Credit program in the spring of 2023. In order to qualify for the tax credit program, companies are required to invest a minimum of $10 million in a project aimed at constructing or expanding a value-added agri-processing facility within Alberta. The program provides a 12 per cent non-refundable tax credit for eligible capital expenditures. Under this initiative, the Alberta government has conditionally approved a tax credit for The Little Potato Company, estimated to be around $1.3 million.

Trending This Week

Do Field Trials Matter? Only If We Start With The Right Questions

0
There are people who are passionate about their projects, and then there are people who take passion for their projects to a whole different...

Data Driven Harvesting: Finally Available for Potatoes Too

0
IN 1849, a man by the name of Pieter Vansteenkiste founded a forge in Roeselare, Belgium, where he and his family manufactured agricultural and...
McCain logo

Strong Roots Acquired by McCain Foods

0
In 2021 a strategic partnership was formed, with McCain investing $55 million USD in Strong Roots. McCain Foods announced they have increased its investment with Strong...

Introducing… This Year’s Top Innovations!

0
The potato industry is at an all-time high for innovation. Incredible new technologies and products are being launched across the potato value chain. That’s great...

The Unintended Limits of Organic Farming

0
I had a conversation some weeks ago that has really stuck with me. The conversation was with Joy Youwakim, an agroecology scientist at Biome...