Almost $773,000 to support the growth and development of three Sorel-Tracy businesses
March 7, 2019 – Sorel-Tracy, Quebec – Canada Economic Development for Quebec Regions (CED)
Three businesses in the Montérégie region will be able to pursue their growth with the help of a total of $772,979 in repayable contributions from Canada Economic Development for Quebec Regions.
CED's support will allow Fabspec, Technolaser and Aciers Richelieu to proceed with the acquisition and installation of new equipment that will help the businesses enhance their productivity and pursue their growth.
The funding was announced today by 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.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate, increase their productivity and competitiveness, and contribute to the economic vitality of the regions, the creation of good-quality jobs and the improvement of citizens' quality of life.
"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."
The Honourable François-Philippe Champagne, Minister of Infrastructure and Communities
"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."
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
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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.
