Six Montérégie businesses can complete their growth projects
News Release
Government of Canada awards more than $1,600,000 in financial assistance to a number of businesses in the region
February 22, 2018 – Saint-Hyacinthe, Quebec – Canada Economic Development for Quebec Regions (CED)
Businesses need to be able to rely on adequate resources to create innovative products that meet market demand. In 2017, the Government of Canada adopted an ambitious plan to support entrepreneurial drive through concrete growth-generating initiatives that benefit businesses and communities.
Thanks to financial support from CED totalling $1,666,250, six Montérégie businesses will be able to carry out projects that will generate more than $7.2M in investments in the region. The projects consist in installing state-of-the-art equipment to increase production and to implement expansion and commercialization strategies. The contributions are also expected to create 29 steady jobs in the region.
The repayable contributions were announced today by the Honourable Marc Garneau, Minister of Transport, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
The recipient businesses are Industries P.W.I., MDL Nutrition, Accuratech Machining, Dominique Martin & Associés, Concept Danat (website in French only) and Industries MR.
The funding awarded by the Government of Canada through CED’s Quebec Economic Development Program will help these companies achieve their growth objectives.
Quotes
“I am very pleased about the Government of Canada’s support for six Montérégie enterprises that have set themselves apart by their drive, boldness and innovative spirit. The contributions will help them continue to develop and generate economic growth and steady jobs in the region.”
The Honourable Marc Garneau, Minister of Transport
“By helping businesses invest in equipment that will improve their performance or in commercialization strategies that will support their entry into new markets, the Government of Canada is standing by its commitments to drive expansion, innovation and exports.”
The Honourable Navdeep Bains, Minister responsible for CED
Quick Facts
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CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
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For more information on CED’s key directions until 2021, consult Strategic Plan 2021 or visit www.dec-ced.gc.ca.
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Contacts
Media Relations
Canada Economic Development for Quebec Regions
514-283-7443
dec.media.ced@canada.ca
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