Backgrounder: Government of Canada invests in five businesses to support economic growth in MRC de La Vallée-de-l’Or
Backgrounder
Val-d’Or, Quebec, August 25, 2025 – Canada Economic Development for Quebec Regions (CED)
The following information is in addition to the news release issued on August 25, 2025, on CED’s financial assistance, the recipient businesses and their respective projects.
Summary
- 5 projects supported
- $2,448,570 in repayable financial contributions granted under the Regional Economic Growth through Innovation program.
Details
| Recipient | Funding target | Contribution |
|---|---|---|
|
Techni-Lab S.G.B. Abitibi Inc. (Actlabs) |
To acquire digital equipment: The aim of the project is to increase the productivity and optimize the production capacity of the business, which specializes in environmental and geochemical analysis for major prime contractors in the mining industry. |
$850,000 |
|
To implement a marketing strategy: The aim of the project is to increase the sales of the business, which develops, adapts and markets innovative data management solutions for mining businesses and entrepreneurs. |
$655,357 |
|
|
To acquire digital equipment and optimize operations: The aim of the project is to improve the productivity and operations management of the manufacturing business and of value-added services for major prime contractors in the mining industry. |
$572,713 |
|
|
To acquire equipment: The aim of the project is to increase the production capacity of the business, which specializes in drill manufacturing. |
$208,000 |
|
|
To acquire equipment: The aim of the project is to improve the productivity of the business, which specializes in manufacturing pumping and drying systems for the mining sector. |
$162,500 |
Information
Media Relations, CED
media@dec-ced.gc.ca