Argentia Technology Center

Argentia Technology Center

The Argentia Management Authority (AMA) carried out a market study, with support from the Atlantic Canada Opportunities Agency (ACOA), to identify potential new business and economic inputs for the Argentia area. The study recommended the development of an Information and Communications Technology (ICT) business base in the region, with particularly strong potential for Help Desk services. After a full review of the various buildings and locations within the Placentia/Argentia area, it recommended the construction of a new, modern ICT centre in Argentia.

The new $1-million dollar Technology Centre has secured its first tenant, Tacamor Holdings (formerly PB Tech Inc.), a newly-formed Newfoundland-based ICT company focused on providing help desk services to North American markets. Presently, Tacamor has moved into the new centre (named The John Whelan Building), and have completed the installation of the technical equipment and office furniture. Combined with investments from Tacamor Holdings for the purchase of computer and telecommunications hardware and software and other start-up costs, the total project will see an investment of $6.3 million over three years.

This project is seen as an excellent opportunity to provide a tremendous boost in employment to the Argentia area. Tacamor Holdings is working diligently with a Provincial client on a service contract that will see 20 customer representatives employed (10 are currently in training onsite), and forecasting that their employment levels will increase to 300 in the third year. Tacamor Holdings estimated payroll costs are expected to have an annual direct contribution of over $11 million to the local economy, making it one of the largest private employers in the Argentia area.

It is anticipated that the development of a knowledge-based economy in the area, and particularly the presence of Tacamor Holdings will help ensure the future diversification and viability of the entire region.

The Argentia Technology Centre, which is located in our Technology Park (which is comprised of 10 acres of flat land on the Southside of Argentia) was constructed on schedule, and on budget. 

If you would like further information on this particular business opportunity, the technology park, or you would like to discuss a business opportunity with the Argentia Management Authority, please contact us by telephone (709-227-5502), email argentiainfo@argentia.ca, or visit our office on Marquise Ave., Southside Industrial Park, Argentia.