The province unveiled MWCI in May 2020 as a new approach to tax increment financing that rebates the incremental education property taxes generated by a project for a period of up to 20 years. We apologize for any inconvenience. In three years, Merit Functional Foods expects that amount to increase up to 35,000 metric tonnes of canola and 20,000 metric tons of peas valued at $28 million. The Manitoba government will also be providing $1 million for cost-shared training activities, as well as an up to $4.95 million rebate over a maximum of 20 years to Merit Functional Foods through the Manitoba Works Capital Incentive Program(MWCI) Program. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Search for related information by keyword: Boosting Canada’s reputation as a global leader in plant proteins, aafc.mediarelations-relationsmedias.aac@canada.ca. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Burcon is involved in the development of plant-based proteins obtained pea, sunflower seed, canola, soy, and hemp. About Merit Functional Foods. Bunge Ltd., Chesterfield, Mo., made a 30 million Canadian-dollar capital investment in Merit Functional Foods, Winnipeg, Manitoba, giving the global ingredient supplier a minority interest in the Canadian company. Established in 2019, Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility. It was incorporated on 15 May 2019 (Wednesday) in Canada and as of 15 May 2019 (Wednesday) is an active company. The facility will produce the world’s highest purity and highest quality pea and canola protein, is well underway. Merit Functional Foods is building a new processing facility in Winnipeg that will derive protein from both canola and peas resulting in up to 17,000 metric tonnes of canola being purchased from Manitoba producers in its first year of operation and 10,000 metric tons of peas at an estimated value of $14 million. When complete, the facility will produce the world’s highest purity and quality pea and canola protein. This investment will bring new technology into the production process for Merit Functional Foods new plant protein processing facility allowing them to be competitive on the global market, and creating up to 85 local jobs as part of their Phase 1 project, growing to more than 200 jobs in future phases. Activity Better protein bars are now possible with Puratein® HS! Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon’s novel pea and canola protein ingredients. We’re proud to put Manitoba on the map as a leader in the plant-based protein movement.”, - Ryan Bracken, Merit Functional Foods Co-CEO, “The Manitoba Works Capital Incentive Program encourages new business investment, as well as existing business expansion by creating a competitive tax environment which will help diversify Manitoba’s economy and stimulate job creation. As an alternative to the large national food distributors, we aim to enhance your business through strong personal relationships, competitive pricing, and … Join to Connect Merit Functional Foods. We apologize for any inconvenience. This tour has been cancelled at the request of the project owner. Plant protein, pure and simple. Merit Functional Foods was formed as a joint venture between Burcon and three executives from the food industry in May 2019. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon’s novel pea and canola protein ingredients. Approved projects receive a tax rebate based on the difference between pre-development property tax revenue and the increased amount generated by the completed project. Established in 2019, Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility. In 2019, Burcon established Merit Functional Foods Corporation in a joint venture with three veteran food industry executives. Merit Functional Foods is developing a 65,000ft 2 pea protein and canola protein production facility in the northern part of Centreport, Manitoba, Canada. With the current climate of COVID, the following protocols would need to be in place to ensure everyone’s safety on the tour: Covid Screening tool will be completed by attendees when entering site. Jean-Sébastien ComeauPress SecretaryOffice of the Minister of Agriculture and Agri-Foodjean-sebastien.comeau@canada.ca343-549-2326, Media RelationsAgriculture and Agri-Food CanadaOttawa, Ontario613-773-79721-866-345-7972aafc.mediarelations-relationsmedias.aac@canada.caFollow us on Twitter: @AAFC_CanadaLike us on Facebook: CanadianAgriculture, John NeufeldPublic Affairs SpecialistGovernment of Manitoba204-945-3812. Foods is building a 94,000 square foot production facility in Manitoba, Canada 500+ connections call us direct (... Canada Business Corporations Act - 15 May 2019 ( Wednesday ) 24-Dec-2020 Katy... Business Corporations Act - 15 May 2019 ( Wednesday ) 4:00 p.m.Location: 400 Drive! 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