Canada Economic Development for Quebec Regions (CED)
Supporting growth contributes to economic development in Quebec's regions. That is why the Honourable Steven MacKinnon, Member of Parliament for Gatineau, Minister of Employment, Workforce Development and Labour and Leader of the Government in the House of Commons, today announced, on behalf of the Honourable Pascale St-Onge, Minister of Tourism and Minister responsible for CED, a repayable contribution of $175,000 for Tôlerie Outaouais. This CED support will enable the Gatineau SME to pursue growth by strengthening its competitiveness through the adoption of new digital technology.
A business specializing in sheet metal processing, Tôlerie Outaouais has developed expertise in manufacturing custom bent steel products. By acquiring an automated digital folding machine, with funding from CED, and fitting out its facilities, the business will be able to create two jobs and increase its production capacity and productivity, while also boosting its growth and improving its competitive position within its sector of activity.
The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec's economic growth relies on organizations with strong roots in the regional economy; they are key assets in building a sustainable, inclusive economy.
Quotes
"We are helping businesses equip themselves with what they need so they can remain competitive, prosper and create good jobs. Thanks to our government's financial assistance, Tôlerie Outaouais will be able to continue to innovate and strengthen its position in the industry and on the markets, which will also help to stimulate the regional economy."
The Honourable Steven MacKinnon, Member of Parliament for Gatineau, Minister of Employment, Workforce Development and Labour and Leader of the Government in the House of Commons
"SMEs are at the core of community development. We are helping them grow and innovate; that is why I am delighted with CED's funding for Tôlerie Outaouais' project. This business's contribution to Gatineau's economic vitality is undeniable! Without a doubt, the success and spin-offs of its project to acquire a tool and expand will be felt right across the region and throughout Quebec and Canada."
The Honourable Pascale St-Onge, Member of Parliament for Brome-Missisquoi, Minister of Tourism and Minister responsible for CED
"Tôlerie Outaouais thanks CED for this financial contribution. This funding is enabling our business to acquire new advanced technological equipment, an automated digital folding machine. Thanks to this investment, we will be able to increase our production capacity and productivity considerably, thereby strengthening our position on the market and our commitment to innovation. We are looking forward to seeing the concrete results of this project and to continuing to grow as a dynamic, competitive business. Thank you once again to CED for your support."
Patrick Meunier, President, Tôlerie Outaouais
Quick facts
- Funding has been provided under CED's Regional Economic Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
- SMEs represent 99.7% of Quebec businesses and contribute to 50% of the province's GDP.
- 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.
