During the mid-1960s, American entrepreneur John Shaheen arranged with Newfoundland and Labrador Premier Joseph Smallwood to construct an oil refinery at Come By Chance.

One of the industries which the Smallwood government managed to lure to the province with the promise of cheap power was the ERCO.

Information about Megaprojects undertaken by the Smallwood government to further industrialize Newfoundland and Labrador.

German firms established thirteen of the sixteen manufacturing plants created in Newfoundland during the 1950s due to Alfred Valdmanis' business contacts.