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Argentia
Management Authority
Argentia's military past is being transformed into an exciting base for economic opportunities under the leadership of the Argentia Management Authority Inc. (AMA). From a business perspective, Argentia has it all. Located in the centre of the world's major shipping lanes, the Argentia site has a year-round, ice-free harbour, extensive buildings and infrastructure, and a 41-lot, 110 acre industrial park. The Argentia site offers a very competitive environment for companies looking to capitalize on Argentia’s advantages. It also offers several “bottom-line” cost savings, such as a globally competitive port - with excellent docking facilities - and a large land base, which is strategically buffered for commercial and heavy industrial activities. The industrial park is a prime location for export-based, small-to-medium sized manufacturing operations that can also benefit from a highly skilled and stable local workforce. Moreover, to maximize the natural gas sector, 640 acres have been set aside to develop the Marquise Gas Park. In addition to the business advantages, Argentia offers an excellent quality of life within the Town of Placentia, a community of 5,000 people. The reasons why the US Navy selected Argentia are of equal importance in today's business world. Companies such as Marine Atlantic, Argentia Freezers & Terminals Ltd., Eimskip Newfoundland, Stellar Woodworking Inc., Voisey's Bay Nickel Company Limited, and most recently Metal World Inc., also selected Argentia today for their company’s operations site.
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