May 24, 2019 - Eel River Crossing, NB - Atlantic Canada Opportunities Agency
Innovation is critical to Atlantic Canada's economic success. Innovation drives economic growth by helping firms expand their markets, increase their productivity, and create more high-value jobs. By adding advanced technologies to their manufacturing process, companies can increase productivity, hire new employees, and solidify their position in a competitive global marketplace.
To that end, Léon Chouinard & Fils Cie Ltée is acquiring new equipment for its manufacturing process to improve productivity. The upgrades will reduce the company's production costs and add a minimum of two new jobs to its production facility, creating important economic spinoffs in the region.
The Government of Canada, through the Atlantic Canada Opportunities Agency (ACOA) is providing a repayable contribution of $250,000 for this project.
René Arseneault, Member of Parliament for Madawaska-Restigouche, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA, made the announcement today.
The Government of Canada is making smart investments that will create good, middle-class jobs for Canadians. It is helping small and medium-sized businesses to start-up, expand or modernize and supporting not-for-profit organizations to fuel business growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
"Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today's investment in Léon Chouinard & Fils Cie Ltée is building on our competitive advantages by increasing productivity and reducing costs, which will boost economic growth and create good, middle class jobs for Canadians."
- Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
"The Government of Canada is committed to helping businesses in rural communities grow and prosper. Léon Chouinard & Fils Cie is an important employer in our region, providing well-paying jobs in this community. Through ACOA, we are making strategic investments to help companies like Léon Chouinard & Fils Cie increase productivity, create new jobs, and contribute to the economic prosperity of the entire region."
- René Arseneault, Member of Parliament for Madawaska-Restigouche
"On behalf of Léon Chouinard & Fils Cie Ltée, a 42-year-old family business in the wood structures industry, I would like to thank ACOA for its support, enabling us to acquire new equipment to modernize our roof truss plant. Thanks to this support, we will maintain our competitiveness, improve our quality and efficiency, and increase our daily production levels. We are proud to be a leader in the roof truss industry and continue to offer high quality products to our customers thanks to our dedicated employees and financial partners."
- Gilles Chouinard, President, Léon Chouinard & Fils Cie Ltée
Quick facts
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Léon Chouinard & Fils Cie Ltée specializes in the design and manufacturing of wooden structures, including roof trusses, wall panels, floors, and beams.
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Government of Canada invested $250,000 in this project through ACOA's Business Development Program (BDP).
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The BDP primarily assists Atlantic Canadian entrepreneurs who want to start a business, increase productivity or improve operations.
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The Business Development Program continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
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The Government of Canada, through ACOA, is committed to helping more Atlantic Canadian manufacturers integrate new, innovative technologies into their traditional practices.
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Atlantic Canadian manufacturers seeking innovative solutions to increase their efficiency, productivity and competitiveness can apply for an Advanced Manufacturing Technology Assessment. Qualified consultants will examine the company's performance and recommend how advanced manufacturing technologies can be implemented.
