Four Estrie businesses carry out expansion projects
News release
Government of Canada awards nearly $400,000 in financial assistance to Façoteck Packaging, Confections Troy, Créations Jade and Charcuterie Scotstown
May 17, 2018 – Ascot Corner, Quebec – Canada Economic Development for Quebec Regions (CED)
Businesses need to regularly improve and modernize their production equipment and facilities to stay competitive and support their growth. With this in mind, four companies in Ascot Corner, Scotstown and Weedon will enjoy CED support to increase their productivity, boost their production capacity and commercialize their products.
By investing in the production capacity of businesses, the Government of Canada is standing by its commitments to help them expand, innovate and commercialize their products to create good-quality jobs and ensure a prosperous Canadian economy.
The repayable contributions totalling $390,000 were announced today by the Honourable Marie‑Claude Bibeau, Member of Parliament for Compton-Stanstead and Minister of International Development and La Francophonie, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED).
With this funding, Façoteck Packaging Inc., Confections Troy Ltée. (website in French only), 135456 Québec Inc. (Créations Jade) and 9308-2667 Québec Inc. (Charcuterie Scotstown) (website in French only) were able to acquire leading-edge production equipment and develop commercialization activities. These projects will generate total investments of more than $2.6 million and create nine jobs in the region.
The funding awarded by the Government of Canada through CED’s Quebec Economic Development Program will help the recipient businesses meet their growth objectives.
Quotes
“These four businesses set themselves apart by their know-how and vitality, and are strengthening our region. The financial support from the Government of Canada is helping them significantly improve their products and services and develop their expertise. Sometimes new equipment provides the impetus needed to spark growth.”
The Honourable Marie-Claude Bibeau, Member of Parliament for Compton-Stanstead and Minister of International Development and La Francophonie
“As Minister of Innovation, Science and Economic Development, my goal is to help businesses grow and innovate so that they can become more competitive and create good-quality jobs and wealth for Canadians. That is why we are supporting these four enterprises, whose successes benefit the region and the Canadian economy overall.”
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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Budget 2018 proposes to provide an additional $511 million in funding over five years on a cash basis, starting in 2018–2019, for the regional development agencies to support the Innovation and Skills Plan across all regions of Canada.
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Of the $511 million, $99 million will be allocated to CED, of which $22 million will go toward supporting the new Women Entrepreneurship Strategy.
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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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