Business Park Changes Name, Adds 500+ Acres

April 30, 2012

 Truro, NS –

One of Nova Scotia’s most successful business parks is poised to expand, in order to coincide with the predicted uptick in the provincial economy over the next three to five years. 

 Truro Mayor Bill Mills says he’s also pleased that Town Council and the Truro Industrial Development Commission have formally agreed to change the name of the Truro Industrial Park to Truro Business Park.

 “We want to send out a signal that all businesses are welcome in Truro, and the name “business park” reflects the true nature of the town’s centrally-zoned business and industrial lands, says Mayor Mills.  “The diversified nature of the Truro Business Park means we are able to host everything from logistics centres to offices to manufacturers and food and beverage processors. “

 The Truro Business Park is in the final preparation stages for adding more than 500 acres of business land to its base on the south side of Truro.  The new lots have been identified and streets leading into those lands are scheduled to begin construction later this year.

 The Truro Business Park is also in the process of adding new signage, which shows that the park is just 35 minutes from Stanfield International Airport.

 Colchester Regional Development Association Executive Director Ron Smith says it’s an exciting time for Truro-Colchester.  He notes recent census numbers putting Truro near the top of Nova Scotia’s population growth list.

 “This region is strategically located to take advantage of a diversified economy and the momentum expected from the Halifax Shipyards mega-deal,” says Mr. Smith.  “We’re proud of the 4 per cent population growth achieved in Truro’s central core during this latest census period, and we’re preparing for even more growth.”

 Mr. Smith says the news for the Truro Business Park coincides with a survey from international business consultants KPMG last month. That survey shows Truro is the most cost-competitive business location in Canada overall, and despite Truro’s smaller size, it leads business locations such as Halifax, Toronto, Moncton and Boston when it comes to business re-location costs.

 Truro Industrial Commission Chair Ray Merriam notes the Truro Business Park is currently nearing capacity, and has grown by 133 per cent over the past two decades.

 “It’s time to grow again,” says Mr. Merriam.  “We need to keep up as the province ramps up for growth, and these changes will help us achieve that.”