Our Area – A Hub of Activity
The Placentia Region is the economic hub of the Southwest Avalon portion of the Province of Newfoundland and Labrador. The region is supported by a diverse business community that provides a variety of products and services. The entrepreneurial spirit is always evident as the catalogue of industries and services being explored in the region is ever expanding.
As a service centre and a community designed for families, the local area also boasts a variety of services including modern health care and educational institutions, government agencies, and a wide range of recreation and community amenities and programs.
The region has an extensive history of involvement in trade and commerce and has long played an important role in the economy of Newfoundland and Labrador. This continues today.
The region is home to the Argentia Construction Site for the concrete gravity supported wellhead platform being constructed by Cenovus Energy and its partners to develop the West White Rose Oil Field. The region also hosts the Vale Long Harbour Processing Plant where nickel concentrate from Voisey’s Bay is processed into finished nickel and associated copper and cobalt products. Pattern Energy has partnered with the Port of Argentia to bring wind energy-to-green fuels production facilities to the area.
The Port of Argentia, classified as a heavy industrial seaport, is an economic driver for the region as it is being developed with a diverse group of users and tenants involved in marine transportation, manufacturing, construction, offshore oil, mining and other sectors.
Argentia is also a port of call for the Marine Atlantic Ferry Service providing a seasonal link between the Island of Newfoundland and Nova Scotia, making the area a gateway for travellers coming to the province. This linked with the vast and varied history of the region, natural beauty of the environment and important attractions such Castle Hill National Historic Site of Canada and the Cape St. Mary’s Ecological Reserve, make the area a great tourism destination.