Over half a million dollars for development activities supporting the growth of two businesses and the development of the Côte-Nord region’s bio-food industry
The Government of Canada supports projects by Groupe UMEK, Phytimpact and Table bioalimentaire Côte‑Nord
June 28, 2019 – Sept-Îles, Quebec – Canada Economic Development for Quebec Regions (CED)
Two Indigenous businesses – Groupe UMEK and Phytimpact – and Table bioalimentaire Côte‑Nord will be able to complete their projects with the help of a total of $560,735 in repayable and non-repayable contributions from Canada Economic Development for Quebec Regions.
With this financial assistance, Groupe UMEK will be able to upgrade its facilities and acquire automated production equipment dedicated to seafood processing. Phytimpact will be able to complete the final pre‑market phase for its innovative bio-products containing ingredients derived from northern agriculture. Table bioalimentaire Côte-Nord will be able to develop and implement its marketing strategy aimed at promoting the region’s bio-food industry as a whole.
The funding was announced today by Rémi Massé, Member of Parliament for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, as part of a tour of the Côte-Nord region. The Government of Canada’s assistance will help the recipient businesses and organization achieve their set objectives. Their respective projects will generate total investments of more than $1.7M and have a significant impact on the regional economy.
The Government of Canada is committed to creating close partnerships with Quebec businesses and organizations to support their efforts to innovate and increase their productivity and competitiveness so that they can contribute to the economic vitality of the regions, the creation of jobs and the improvement of citizens’ quality of life.
“By providing financial support for these projects by Groupe UMEK, Phytimpact and Table bioalimentaire Côte‑Nord, the Government of Canada is reaffirming its commitment to help communities diversify and strengthen their economies and pursue promising economic development opportunities.”
Rémi Massé, Member of Parliament for Avignon–La Mitis–Matane–Matapédia 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 that they can become more competitive, expand into new markets and create good-quality jobs and wealth for Canadians. The funding awarded today reflects this commitment concretely by supporting businesses and organizations whose success and drive benefit the region and the Canadian economy as a whole.”
The Honourable Navdeep Bains, Minister responsible for CED
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.
Canada Economic Development for Quebec Regions
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