Government of Canada supports projects in Quebec
Three businesses in Quebec will get a total of $772,979 in repayable contributions from Canada Economic Development for Quebec Regions (CED). Fabspec, Technolaser and Aciers Richelieu will proceed with acquisition and installation of new equipment.
"We have chosen to focus on the innovative capacity and commitment to progress of these businesses, which have made a name for themselves in a constantly evolving market. Their drive, boldness and sense of innovation contribute to the economic vitality of the Montérégie region," said The Honourable François-Philippe Champagne, Minister of Infrastructure and Communities.
Granted by the Government of Canada through the Quebec Economic Development Program, the financial assistance will allow the recipient businesses to achieve their established objectives. Their respective projects will generate $2.2 million in total spending and will result in the creation of 21 jobs in the Sorel-Tracy region.
"As Minister of Innovation, Science and Economic Development, my goal is to help businesses grow and innovate so that they can increase their competitiveness and create good-quality jobs and wealth for Canadians. This is why we are supporting Fabspec, Technolaser and Aciers Richelieu, three businesses whose success reflects on the region and the Canadian economy as a whole," said The Honourable Navdeep Bains, Minister responsible for CED.