The Government of Canada awards over $1 million in financial assistance to Lumi-O | InnovaPlas, Usinage Usiflex, Unigrav and Vêtements Flip Design in Drummondville
May 22, 2019 - Drummondville, Quebec - Canada Economic Development for Quebec Regions (CED)
Lumi-O | InnovaPlas Inc., Usinage Usiflex Inc., Unigrav Inc. and Vêtements Flip Design Inc. will be able to complete their projects with the help of a total of $1,030,000 in repayable contributions from Canada Economic Development for Quebec Regions.
With this financial assistance, Lumi-O | InnovaPlas will be able to ensure its growth and improve its productivity; Usinage Usiflex and Unigrav will acquire digital equipment to support their growth. Vêtements Flip Design will use its contribution to ensure its growth through the robotization of certain production steps.
The funding was announced today by Rémi Massé, Member of Parliament for Avignon-La Mitis-Matane-Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development. The Government of Canada's assistance will help the recipient businesses achieve their set objectives. Their respective projects will generate total investments of nearly $7 million.
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 so that they can contribute to the economic vitality of the regions, the creation of good-quality jobs and the improvement of citizens' quality of life.
"Lumi-O | InnovaPlas, Usinage Usiflex, Unigrav and Vêtements Flip Design are businesses that actively contribute to the economic vitality of the region. I am proud that the Government of Canada is supporting innovative projects that translate into success for entrepreneurs and growth for the Canadian economy."
Rémi Massé, Member of Parliament for Avignon-La Mitis-Matane-Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
"Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today's investment in Lumi-O | InnovaPlas, Usinage Usiflex, Unigrav and Vêtements Flip Design is in line with Canada's competitive advantages through the improvement of the businesses' productivity and their expansion projects. It will boost economic growth and create good, middle-class jobs for Canadians."
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.
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Usinage Usiflex was awarded financial assistance through the Quebec Economic Development Program, while Lumi-O | InnovaPlas, Unigrav and Vêtements Flip Design received funding under CED's Regional Economic Growth through Innovation program.
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The Regional Economic Growth through Innovation program targets entrepreneurs who leverage innovation to grow their businesses and make them more competitive, as well as regional economic stakeholders who help create an entrepreneurial environment conducive to innovation and inclusive growth in all regions.
