Subjects: FNC, CPG, CMG, CFG
Almost $500,000 to support the growth of three Drummondville businesses
The Government of Canada supports projects by Kombu, Matritech and Lemire Precision
Drummondville, QC, April 17, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Drummondville businesses Kombu, Matritech and Lemire Precision will be able to pursue their growth more effectively with the help of a total of $475,000 in repayable contributions from Canada Economic Development for Quebec Regions.
The funding will allow Kombu Inc., a startup company, to ensure its development by acquiring and installing automated production equipment; Matritech Inc. will be able to acquire new innovative equipment to support its growth and enhance its productivity. Finally, the contribution awarded to Lemire Precision Inc.. will allow this exporting businesses to support its growth through the acquisition of digital equipment.
The funding was announced today by Richard Hébert, MP for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion. The Government of Canada assistance will help the recipient businesses achieve their set objectives. The companies' respective projects will generate a total investment of over $2 million and will result in the creation of seven new jobs in the Drummondville region.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, and to contribute to the economic vitality of the regions, job creation and the improvement of citizens' quality of life.
Quotes
"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 Centre-du-Québec region."
Richard Hébert, MP for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion
"By helping businesses invest in equipment and devices to enhance their performance, and buy supporting them in their quest to find new markets, the Government of Canada is standing by its commitments. Our objectives are to foster expansion and innovation and grow exports. I am also pleased to learn that these three projects will help create eleven quality jobs in Drummondville."
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
The funding was provided under CED's Quebec Economic Development Program. To find out more about CED and its priorities, see the 2018?2019 Departmental Plan or visit www.dec?ced.gc.ca.
For 50 years now, the Government of Canada has been actively involved in regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec's regions and businesses.
Related product
For more information about the projects, please refer to the related backgrounder.
Related backgrounder
Proponent | Contribution ? Investments ? Project Description |
Repayable contribution of $200,000 out of a total investment of $910,000 Launched in 2018, Kombu Inc. is a new agri-food company located in the incubator of the Société de développement économique de Drummondville (SDED). Established by two young entrepreneurs, the company specializes in producing sparkling beverages based on kombucha, fruit and local flavours. The project aims to ensure the growth of this new company. CED's contribution will be used to purchase and install automated production equipment that includes a bottling machine and an integrated production management system. The project will create six jobs. | |
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(9241-3731 Québec Inc.) | Repayable contribution of $150,000 out of a total investment of $715,000 Founded in 1989, Matritech Inc. has 127 employees and specializes in metal processing. Its service offering includes die and mould design, stamping, laser cutting, punching, bending and welding. This company is international in scope and does most of its selling to major contractors in the transportation and recreational vehicle sectors. The project aims to ensure the growth of Matritech through the installation of innovative equipment and to improve its productivity through the purchase of digital equipment. CED's assistance will be used for assembling the robotic nail plate packaging cell, and for purchasing and installing a latest-generation press brake. |
Repayable contribution of $125,000 out of a total investment of $395,000 Founded in 1981, Lemire Precision inc. specializes in machining from metal bars for the manufacture of small, high-volume parts for the needs of major contractors. The company is the largest screw machining plant in Quebec and forms part of the value chains of several sectors, including the automotive industry and recreational products. The project aims to support the growth of this exporting company through the purchase of digital equipment. CED's contribution will cover the cost of purchasing two latest-generation digitally controlled machining centres. The project will create five jobs. | |
Summary | Number of projects: 3 |
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SOURCE Canada Economic Development for Quebec Regions
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