Backgrounder - Details regarding contributions awarded to three businesses in the Bas-Saint-Laurent region

August 13, 2019 – Rivière-du-Loup, Quebec – Canada Economic Development for Quebec Regions (CED)

Usinage F.R., Tourbière Ouellet et fils Inc. and Laiterie Ora will be able to continue their growth by benefiting from repayable contributions totalling $595,000 from Canada Economic Development for Quebec Regions.

This funding was announced today by the Honourable Diane Lebouthillier, Member of Parliament for Gaspésie−Les Îles-de-la-Madeleine and Minister of National Revenue, who was in Rivière-du-Loup.

The funding was awarded under CED’s Regional Economic Growth through Innovation (REGI) program.

Usinage F.R. (9084-3871 Québec Inc.)

Repayable contribution of $300,000 out of a total investment of $842,000

Founded in 1999, Usinage F.R. is a business that manufactures, modifies and assembles equipment parts. It specializes in the mass production of moderately complex parts.

The project aims to improve the factory’s productivity and increase its production capacity. CED’s contribution covers the digitization of work stations in the factory, as well as the acquisition and installation of a high-precision digitally controlled machining lathe and a ventilation and air conditioning system.

The project will create two jobs.

Tourbière Ouellet et fils Inc.

Repayable contribution of $220,000 out of a total investment of $1,226, 200

Founded in 1963, Tourbière Ouellet et fils Inc. is a family business that works primarily in manufacturing, packaging and distributing animal bedding that is free of chemical contaminants for use on farms, equestrian centres and mills, among other things.

The project aims to improve the business’s production capacity and productivity through the addition of robotic and automated equipment, such as a bagging robot with auxiliary equipment.

Laiterie Ora (9321-1530 Québec Inc.)

Repayable contribution of $75,000 out of a total investment of $577,750

Incorporated in 2015 and owned and managed by a young entrepreneur, Laiterie Ora is a start-up in the field of dairy processing.

The project aims to ensure the growth of this SME through the acquisition of dairy processing equipment. DEC’s contribution will cover the purchase and installation of production equipment, particularly a pasteurization system and a semi-automated bottling machine.

The project will lead to the creation of two jobs.

Summary

• Number of projects: 3
• Number of jobs created: 4
• CED’s contributions: $595,000
• Total investments generated by these projects: $2,645,950