The Government of Canada is providing more than $1.3 million in funding to LVL Global Inc., Université du Québec en Abitibi-Témiscamingue and Barbe Broue Pub
May 23, 2019 - Ville-Marie, Quebec - Canada Economic Development for Quebec Regions (CED)
LVL Global Inc., Barbe Broue Pub and the Université du Québec en Abitibi-Témiscamingue (UQAT) will be able to carry out their projects with a total of $1,337,000 in funding from Canada Economic Development for Quebec Regions.
With a repayable contribution of $1 million, LVL Global will be able to grow by optimizing its production capacity by acquiring automated equipment. Barbe Broue Pub will benefit from a non-repayable contribution of $100,000 to acquire new brewing and computer equipment and enhance its marketing and production activities. With a non-repayable contribution of $237,500, UQAT, through its Agriculture Research Station, will conduct applied research projects in deriving value from agri-food processing by-products in order to improve the competitiveness and environmental performance of enterprises in this sector.
Stéphane Lauzon, Member of Parliament for Argenteuil-La Petite-Nation and Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence announced the funding today. The funds from the Government of Canada will generate total investments of nearly $5 million and create five jobs in the region.
The Government of Canada is committed to establishing close partnerships with Quebec companies and the organizations that support them in order to stimulate innovation, promote productivity and competitiveness, while contributing to the regions' economic vitality, job creation and a better quality of life for citizens.
"By supporting LVL Global, the Université du Québec en Abitibi-Témiscamingue and Barbe Broue Pub, the Government of Canada is reaffirming its commitment to support regional development through investments that stimulate expansion, innovation and the development of new markets. I am pleased with this contribution to projects that will be successful for the businesses, organizations and communities in the Témiscamingue RCM where the projects will be held."
Stéphane Lauzon, Member of Parliament for Argenteuil-La Petite-Nation and Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence
"Investing in improved productivity, improved process development and marketing activities reflects the Government of Canada's commitment to supporting applied research and the willingness and ability of our businesses to expand. The funding announced today is intended to provide tangible support for the development of our industries and the growth of our economy."
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts
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Today's announcement is made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development, which comprises 17 federal departments and agencies, including CED and the other five regional development agencies.
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The funding awarded to LVL Global Inc. and UQAT was granted under CED's Quebec Economic Development Program.
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The contribution to Barbe Broue Pub comes from the Women Entrepreneurship Fund of the Women Entrepreneurship Strategy (WES). With a budget of nearly $2 billion, this strategy will make it easier for women to access sources of funding, talent, networks and expertise they need. The WES will help the government reach its goal of doubling the number of majority women-owned businesses by 2025.
