Over $318,000 to support economic and community development in the Montmagny RCM
Backgrounder
May 25, 2017 – Montmagny, Quebec – Canada Economic Development for Quebec Regions (CED)
Marc Miller, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Ville-Marie–Le Sud-Ouest–Île-des-Sœurs, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, took the opportunity while in the region to announce $318,498 in financial support, in the form of repayable and non-repayable contributions, for a business and two organizations in the Montmagny region.
Promoter |
Contribution – Investments – Project description |
Repayable contribution of $140,000 out of a total investment of $350,000 K-Trail specializes in the manufacture of galvanized steel utility trailers for cars and trucks. High season for production is December to August. During low season (September to November), K-Trail manufactures trailers for snowmobiles, a complementary secondary market niche. The purpose of the project is to improve the business’s productivity and competitiveness to foster growth through the acquisition and integration of a robotic welding cell, which will increase production capacity. The Agency’s assistance will go toward all costs related to the acquisition, installation and integration of the robotic welder in the company’s production chain, including the accessories and peripheral facilities required to optimize the performance of the new equipment. Repayable contribution of $78,338 out of a total investment of $167,280 This project, which was completed in 2016, consisted in the acquisition of two new pieces of equipment (saw and press) to enhance the business’s production capacity. Agency funding went toward the acquisition costs for the equipment and its integration in the company’s production line. The two projects are helping K-Trail maintain its current workforce and may result in the hiring of new employees following the expected increase in sales. |
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Municipality of Notre-Dame-du-Rosaire (website in French only) |
Non-repayable contribution of $69,300 out of a total investment of $169,030 Incorporated in 1894, the Municipality of Notre-Dame-du-Rosaire had 367 inhabitants in 2015. In addition to the usual municipal services, the municipality provides its residents with community halls in a building that houses the municipal offices and other rooms serving a variety of purposes: library, community Internet access centre, gym, senior citizens’ room, funeral parlour and so on. Users of the rooms and community halls vary widely: seniors, volunteers, youth, caregivers, etc. The purpose of the project is to replace the municipal building’s heating system with a clean, renewable energy heating system, namely an electric heat pump. Agency funding will go toward all project costs. The new clean, renewable energy heating system will help reduce the municipality’s heating costs, fossil fuel consumption and annual greenhouse gas emissions. |
Le Havre de Berthier-sur-Mer Inc. (website in French only) |
Non-repayable contribution of $30,860 out of a total investment of $70,962 Le Havre de Berthier-sur-Mer operates a marina and port of refuge, a restaurant and a marine service, while fostering tourism development in Le Havre de Berthier-sur-Mer. Created in 1979, the NPO’s main mission was to organize, maintain and operate a marina for its members, their guests and members of other yacht clubs in Quebec. The purpose of the project is to upgrade part of the network of floating pontoons for the Berthier-sur-Mer harbour. Once the project is completed, the harbour will maintain its community-oriented function and will remain open and accessible to the public. More specifically, the project involves replacing 10 floating wooden pontoons with galvanized steel pontoons. The Agency is supporting all project costs. Berthier-sur-Mer is the main continental gateway to Grosse Île and the Irish Memorial National Historic Site; in 2015, some 17,000 people visited this major tourist attraction in the middle of the St. Lawrence River, across from Montmagny. The project will help preserve an asset that plays a key role in the local economy of the Berthier-sur-Mer community. The work will also contribute to the regional economy. |
| Summary | Total number of projects: 4 CED contributions: $318,498 Investments generated by the projects: $757,272 |