The money will allow ADDIS Group to install new equipment and create three jobs.
The company provides design and detailing work for both structural and mechanical engineering.
In a statement, Premier David Alward says his government's plan to rebuild the province focuses on creating economic and job opportunities.
He says the money will help the company support its production facility and seek new opportunities.
The money for the company comes from the $200-million Northern New Brunswick Economic Development and Innovation Fund.