DANVILLE, QC - Canada Economic Development for Quebec Regions (CED)
The vitality and dynamism of communities—founded on strong, resilient, innovative SMEs—ensure sustainable economic growth for all and quality jobs for Canadians. Keen to understand clearly the particular realities of Quebec's regions and to support the businesses that make them strong, the Government of Canada, listening now more than ever, is investing in projects that will be promising for the economic recovery.
In the Cantons-de-l'Est region, the food processing and manufacturing industries count several dynamic businesses with innovative ideas whose work is boosting the region's reputation across the country. Tested by the challenges posed by COVID-19, these SMEs are now ready to rebound. And as Quebec's regional prosperity relies on strong local economic fabric, where businesses are able to innovate and lead promising projects, the Government of Canada is signalling its presence to support them as they pursue their activities and to foster their growth.
Three businesses receive over $800,000 in support for promising regional development projects
With this in mind, the Honourable Marie-Claude Bibeau, Member of Parliament for Compton–Stanstead and Minister of Agriculture and Agri-Food, accompanied by Lyne Bessette, Member of Parliament for Brome–Missisquoi, today announced financial support for Eddynet Inc., Cuisine Idéale Cabinet Inc. and ACTIV Foods Inc. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages.
Details on the repayable assistance are as follows:
- Eddynet, $435,000. CED's assistance will enable the business to acquire production equipment (laser cutter, CNC milling machine, CNC folding press, welding robot and various pieces of assembly equipment). This project, aimed at improving Eddynet's productivity and expanding the business by optimizing its processes so as to reduce the time between orders and deliveries, will lead to the creation and maintenance of four jobs.
- Cuisine Idéale Cabinet, $200,000. CED's assistance will enable the business to acquire digital production equipment (gluing machine and conveyor). This project, aimed at enhancing business performance by increasing production capacity, will lead to the creation and maintenance of 12 jobs.
- ACTIV Foods (Happy Yak), $166,500. CED's assistance will focus on the acquisition of advanced processing equipment and the costs related to the purchase and installation of an ERP system. This project, aimed at expanding the business by increasing its capacity to produce freeze-dried meals and meal components, will lead to the creation and maintenance of four jobs.
The Government of Canada is proud to recognize and support businesses and organizations working in sectors of activity that are a source of pride in their communities. Quebec's future and economic recovery are founded on the flagship industries of regional economies. They contribute significantly to Quebec's economic growth and will be key assets to rebuild a stronger, more resilient and more just economy for all.
Source : Cision