Five rapidly expanding businesses on Montreal’s South Shore
News release
The Government of Canada awards almost $3.2 million in funding to Michel St-Arneault Inc., Laboratoires Blücare, Simaudio, Hurraw and Exprolink
July 26, 2018 – Boucherville, Quebec – Canada Economic Development for Quebec Regions (CED)
To remain competitive and support their growth, businesses need to regularly upgrade and modernize their production equipment and facilities. It is with this in mind that five businesses located in Boucherville and Longueuil will be able to take advantage of CED’s support to enhance their productivity, increase their production capacity and expand into new markets.
By investing in the production capacity of businesses, the Government of Canada is standing by its commitment to help businesses expand, innovate and market their products, in order to create good-quality jobs and thus ensure the economic prosperity of the regions and the country as a whole.
The repayable contributions totalling $3.19 million were announced today by David Lametti, Member of Parliament for LaSalle‒Émard‒Verdun and Parliamentary Secretary to the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
With the help of this funding, Michel St-Arneault Inc., Laboratoires Blücare, Simaudio, Hurraw (9345‑1581 Québec Inc.) and Exprolink were able to acquire production equipment and develop marketing activities. These projects will generate overall spending of almost $21 million and will result in the creation of 48 jobs in the region.
The financial assistance granted by the Government of Canada through CED’s Quebec Economic Development Program will allow the recipient businesses to achieve their established growth objectives.
Quotes
“These five businesses are known for their drive and sense of innovation. Together, they contribute to the vitality of our region. The Government of Canada's financial support will give them the boost they need to kick-start their growth and, at the same time, create good-quality jobs.”
David Lametti, MP for LaSalle—Émard—Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
“As Minister of Innovation, Science and Economic Development, my goal is to help businesses grow and innovate so they can increase their competitiveness and create good-quality jobs and wealth for Canadians. This is why we are supporting these five businesses, whose success reflects on the region and the Canadian economy as a whole.”
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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This year marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.
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To find out more about CED and its priorities, see the 2018–2019 Departmental Plan 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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