{"id":30282,"date":"2025-05-04T17:29:15","date_gmt":"2025-05-05T00:29:15","guid":{"rendered":"https:\/\/essential.construction\/news\/modular-builder-lands-government-support-in-st-anthony-n-l\/"},"modified":"2025-05-04T17:29:15","modified_gmt":"2025-05-05T00:29:15","slug":"modular-builder-lands-government-support-in-st-anthony-n-l","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/modular-builder-lands-government-support-in-st-anthony-n-l\/","title":{"rendered":"Modular Builder Lands Government Support In St. Anthony, N.L."},"content":{"rendered":"

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\n\t\t\t\t\tBy Newfoundland and Labrador Ministry of Industry Energy and Technology\u00a0\t\t\t\t\t

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Adobe stock<\/p>\n<\/div>\n

An investment by the Department of Industry, Energy and Technology will help a St. Anthony, N.L.,-based construction company manufacture homes and utility buildings. Andrew Parsons, minister of Industry, Energy and Technology, has announced a $90,000 loan from the Business Investment Program for Rose\u2019s Concrete and Construction as it undertakes a project to build modular housing.<\/p>\n

Rose\u2019s Concrete and Construction specializes in residential, commercial and industrial concrete work. The company has been approached about building modular units for both storage and housing. Funding will be used to purchase and upgrade property in St. Anthony, as well as equipment for building the homes. Rose\u2019s will use a digital platform to design and showcase the buildings, making it easy for customers to visualise and customize the final product. The business already has orders and is aiming to deliver its first products in the fall of 2025.\u00a0 The support under Industry, Energy and Technology\u2019s program will help the client leverage an additional $260,000 from other sources.<\/p>\n

Modular construction of homes presents a more affordable way for residents to become homeowners. It is an efficient and cost-effective way to build the additional affordable housing the province needs.<\/p>\n

The Business Investment Program provides term loans to small and medium-sized enterprises in strategic growth sectors as identified by Industry, Energy and Technology. Funds are provided to complement funding from conventional sources, where a need has been demonstrated, and are also intended to increase the capital base of businesses allowing them to leverage new private-sector investments.<\/p>\n

\u201cAs we continue to explore creative options to improve and expand our housing portfolio, we are pleased to see this St. Anthony-based construction company expand its operation with provincial funding,\u201d said Sarah Stoodley, Acting Minister of Housing. \u201cModular housing has the potential to expedite housing construction, and having local companies enter this space is a welcome development. We wish Rose\u2019s Concrete and Construction much success with its expansion into this exciting new design model.\u201d<\/p>\n

\u201cModular construction is an exciting new project for Rose\u2019s Construction and an excellent way to diversify our business\u2019s services,\u201d Robin Rose, Owner of Rose\u2019s Concrete and Construction, commented. \u201cWe are very grateful to the provincial government for providing this loan, which will help us continue to grow our business here on the Northern Peninsula.\u201d<\/p>\n<\/div>\n