Innovative manufacturers in Bas-Saint-Laurent region: Key players in planning economic recovery

Canada Economic Development for Quebec Regions grants $795,300 to help two manufacturing businesses to pursue growth.

RIMOUSKI, QC, Feb. 9, 2021 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

The manufacturing industry will play a major role in the economic recovery. It is an important sector of activity to help maintain and stimulate the economy. However, for several years now, manufacturing businesses have had to demonstrate adaptability and creativity to transform how they operate.

Today, they must also be resilient to overcome the challenges caused by COVID-19. The investments required in monetary, material and human resources to begin the technology shift are often considerable. Whether it be to establish an intelligent factory, to automate or to robotize, the Government of Canada is signalling its presence in supporting businesses in their modernization projects to create quality jobs for Canadians.

Boosting manufacturing SMEs in their modernization efforts

With this in mind, the Honourable Diane Lebouthillier, Member of Parliament for Gaspésie?Les Îles-de-la-Madeleine and Minister of National Revenue, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, today announced financial support through repayable contributions to Industries Desjardins ltée and Multi-Électronique inc.

Details on the assistance provided under the Regional Economic Growth through Innovation program are as follows:

• Les Industries Desjardins, $681,000. CED's assistance will enable the Saint-André business to acquire and install production equipment and to complete factory improvement and fitting?out work. This project, which aims for enhanced productivity and the pursuit of growth, will lead to the creation of one job.
  
  
• Multi-Électronique, $114,300. CED'S assistance will enable the Rimouski business to acquire electronic components, cabling and gear and to cover a portion of professional fees. This project, which aims to ensure growth, involves work to develop a hydrographic platform?an innovative product?and will lead to the creation of one job.

The manufacturing industry is a major contributor to Quebec's economic growth, providing many jobs. It represents a key link in regional economic development. With this support, the Government of Canada is attesting to its commitment to prepare the way for after the pandemic to rebuild a stronger, more resilient and more just economy for all.

Quotes

"Today's announcement is proof once again of the Government of Canada's commitment to the Bas?Saint-Laurent region's manufacturing businesses. By helping them pursue their activities and by stimulating their growth, the government is working to ensure Quebec's manufacturing industry plays a major role in Canada's economic recovery."

The Honourable Diane Lebouthillier, Member of Parliament for Gaspésie?Les Îles-de-la-Madeleine and Minister of National Revenue

"We are continuing to work with innovative manufacturers to give them the tools they need to develop innovative technologies and processes, to the benefit of Quebec's workers and regions. Thanks to the Government of Canada's support, they can leverage innovation, a veritable economic engine and pillar of growth, to stimulate the local economy and create good jobs in their region. As such, our manufacturing businesses are in a better position to prepare for the post-COVID-19 recovery."

The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED

Quick facts

• In Quebec, the manufacturing sector includes 13,700 businesses that employ 447,750 workers, with sales totalling C$169 billion per year. It generates 14% of Quebec's gross domestic product and 82% of its exports.
  
  
• The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, is also the minister responsible for the six regional development agencies (RDAs), including CED.
  
  
• CED is a key federal partner in Quebec's regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow's economy.

Associated links

• Regional Economic Growth through Innovation program
• Canada's COVID-19 Economic Response Plan
• Coronavirus disease (COVID-19)
• CED funding programs

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SOURCE Canada Economic Development for Quebec Regions