Government of Canada supports innovative projects by CIMDAT, Usinage X-Spec, Atelier Val-d'Or and Les Entreprises Parlec
March 27, 2019 – Val-d'Or, Quebec – Canada Economic Development for Quebec Regions (CED)
Four innovative Val-d'Or businesses, whose main clients are major prime manufacturers in the mining and forestry sectors, will be able to continue their growth more effectively with the help of a total of $1,897,810 in repayable contributions from Canada Economic Development for Quebec Regions.
With this financial assistance, CIMDAT (37000763 Canada Inc.), Usinage X-Spec Inc., Atelier d'usinage et de soudure Val d'Or Inc. (Atelier Val-d'Or) and Les Entreprises Parlec Ltd. will be able to optimize their operations and improve their productivity, including through the purchase of state-of-the-art digital equipment.
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 $5 million and create eight new jobs in Val-d'Or, in the Abitibi-Témiscamingue 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 jobs and the improvement of citizens' quality of life.
"I am very pleased about this support from the Government of Canada, which has decided to build on the innovation capacity and commitment to progress of these businesses that are setting themselves apart in a constantly changing market. Their drive, boldness and innovative spirit are contributing to the economic vitality of Val-d'Or and the Abitibi-Témiscamingue region."
Rémi Massé, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
"By helping businesses invest in equipment and devices that will improve their performance and in marketing strategies that will assist their entry into new markets, the Government of Canada is standing by its commitments to drive expansion, innovation and exports."
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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The funding was awarded under CED's Quebec Economic Development Program
