Backgrounder: Financial support to businesses and an organization in Gatineau
Backgrounder
Gatineau, Quebec, August 27, 2020 – Canada Economic Development for Quebec Regions (CED)
The following information is in addition to the news release issued on August 27, 2020, on CED’s financial assistance, recipient businesses and their respective projects.
Summary
- 6 projects supported by CED
- $1,553,448 in financial contributions from CED
Details
| Recipient | Activities funded by CED | Contribution* |
|---|---|---|
| Artist in Residence Distillerie | Improvement of productivity through the acquisition and installation of a canning system and peripheral equipment including a filling and seaming machine, an inline inverter, a rotary accumulation table and a control system. |
$241,470 (repayable) |
| Foko | Implementation of an international marketing plan for a new visual content sharing platform for businesses. |
$300,000 (repayable) |
| Group WYM | Start-up of the plant. Acquisition and installation of equipment dedicated to the manufacture of hygiene products, including various fully automated production lines. |
$300,000 (repayable) |
| ID Gatineau | Contribution to salary, professional fee and coordination costs for a project to support businesses and organizations affected by the economic impacts of COVID‑19 through specialized resources. |
$290,000 (non-repayable) |
| Métanox (3022331 Canada Inc.) | Improvement of productivity through the acquisition and installation of manufacturing equipment, management software and office furniture, as well as the installation of cleanroom facilities. |
$196,978 (repayable) |
| Marc Marine Welding | Improvement of productivity through the acquisition and installation of automated equipment, including automated production software and a computer-controlled folding machine, and the purchase of an Enterprise Resource Planning (ERP) system. |
$225,000 (repayable) |
* The types of CED funding are repayable contributions, non-repayable contributions and grants.
Information
Media Relations, CED
dec.media.ced@canada.ca
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