The federal government is investing more than $1.8 million into Quebec ag
By Diego Flammini
Staff Writer
Farms.com
The Canadian government is investing nearly $2 million into Quebec’s agri-food sector.
Deli meat companies Boucherie Charcuterie Perron Inc. and Charcuterie L. Fortin Ltée. will share $1.8 million in repayable federal loans.
Both companies will use their $1,000,000 and $850,000 federal contributions respectively, to improve productivity, upgrade equipment and automate part of their production.
The deli companies are part of the Nutrinor cooperative. The cooperative looks forward to using the money to update production facilities.
“The investments we are making in these two deli companies mark a turning point for them,” Jean Lavoie, president of Nutrinor, said in a May 18 statement. “We will be able to modernize equipment and processes to remain competitive in the Canadian market in a key Saguenay-Lac-Saint-Jean industry.”
The investment is estimated to generate millions in economic development.
The government’s $1.8 million will bring “an estimated $6,569,768 in total investments in the Saguenay-Lac-Saint-Jean region,” according to the release.
“These contributions will help (the businesses) continue to develop and generate economic growth in our region,” Richard Hébert, MP for Lac-St-Jean, said in the release.