Backgrounder: Government of Canada awards over $2M to four SMEs in the Abitibi‑Témiscamingue region
Backgrounder
Rouyn-Noranda, Quebec, November 8, 2022 – Canada Economic Development for Quebec Regions (CED)
The following information is in addition to the news release issued on November 8, 2022, on CED’s financial assistance and the recipient organizations and their respective projects.
Overview
- 4 projects supported by CED
- $2,060,500 in repayable financial contributions from CED
- Total investment generated: $11,191,163
Details
Funding recipient | City | Project objective | Main activities funded by CED | CED’s contribution | Total cost of the project |
---|---|---|---|---|---|
Rouyn-Noranda |
The goal of the project is to improve the business’s performance in order to support its growth and boost its productivity and production capacity, through the acquisition of digital production equipment to upgrade, automate and robotize processes. |
CED’s funding will allow the business to acquire various equipment, such as an assembly line, an automated packaging machine and a particle detection system, including installation, electricity, plumbing and transportation. |
$1,000,000 |
$4,277,163 |
|
Val‑d’Or |
The project aims to ensure the growth of the business through the acquisition of equipment and the automation of the production line. This will allow the business to increase its production capacity, enhance its productivity and develop a new format (473 ml can). |
CED’s funding will be used to acquire automated production equipment, such as a bottling line, an industrial brewing system, a cold room and freezer, a steam boiler and an ERP system. |
$750,000 |
$6,000,000 |
|
9401-0246 Québec Inc. |
Val‑d’Or |
The project targets the startup of a micro‑distillery specializing in the production of spirits. Project activities include the acquisition and installation of production equipment; leasehold improvements; start-up costs; and cash injection into working capital. |
CED’s funding will cover the acquisition and installation of production equipment, specifically for bottling and labeling, and leasehold improvements. |
$269,500 |
$817,000 |
Val-d’Or |
The goal of the project is to improve the business’s production capacity and enhance its productivity. The targeted activities include acquiring and implementing digital production equipment; fitting up the premises; creating a transactional website; and making improvements to the brand image. |
The CED funding covers all the project activities. |
$41,000 |
$97,000 |
Information
Media Relations, CED
media@dec-ced.gc.ca
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