Over $560,000 for the development of three Laval businesses
News release
The Government of Canada supports projects by NMX Research and Solutions, Produits Plastitel and IniXium
April 17, 2019 – Laval, Quebec – Canada Economic Development for Quebec Regions (CED)
NMX Research and Solutions Inc., Les Produits Plastitel inc. and IniXium Inc. will be able to pursue their activities more effectively with the help of a total of $563,000 in repayable contributions from Canada Economic Development for Quebec Regions.
The funding will allow NMX Research and Solutions to purchase new science instruments in order to increase its production capacity and grow the business. Les Produits Plastitel will acquire and install a CNC machining centre to improve the company’s competitiveness. Finally, IniXium will be able to undertake new market prospecting activities and bolster its current markets; acquire research and analysis equipment for its drug discovery services; and increase its international sales and its revenue.
The funding was announced today by Eva Nassif, Member of Parliament for Vimy. The Government of Canada assistance will allow the recipient businesses to achieve their set objectives. The companies’ respective projects will generate a total investment of $1,874,474 and will create 18 jobs in Laval.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, and to contribute to the economic vitality of the regions, job creation and the improvement of citizens’ quality of life.
Quotes
“I am thrilled with this funding from the Government of Canada, which has chosen to focus on the innovative capacity and commitment to growth of these Laval businesses that have made a name for themselves in a constantly evolving market. Their know-how, drive and audacity will generate growth, and I encourage them to continue along the same path.”
Eva Nassif, MP for Vimy
“As Minister of Innovation, Science and Economic Development, my goal is to help businesses prosper and innovate so that they can increase their competitiveness and create good-quality jobs and wealth for Canadians. This support for these three Laval businesses will unquestionably contribute to the achievement of these objectives and to the economic vitality of the region.”
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
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Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
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The funding was provided under CED’s Quebec Economic Development Program. 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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For 50 years now, the Government of Canada has been actively involved in regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec’s regions and businesses.
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Contacts
Media Relations
Canada Economic Development for Quebec Regions
Tel.: 514-283-7443
Email: dec.media.ced@canada.ca
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