Fonds régionaux de solidarité FTQ Invest $500,000 to Further the Growth of Boiseries Boileau

The Fonds régionaux de solidarité FTQ celebrate their 20th anniversary: $45.5 million invested in Outaouais since inception

GATINEAU, QC, June 16, 2016 /CNW Telbec/ - Founded in 1972, Boiseries Boileau specializes in the design and fabrication of kitchen and bathroom cabinets. The company's owner since 2009, Jean-Luc Beaudoin is constantly adapting to meet his customers' changing needs. Boileau currently has 20 employees, including 11 in Gatineau and 9 at its Thurso factories.

In order to support Boiseries Boileau's growth, the Fonds régionaux de solidarité FTQ (FRS) invested $500,000 to enable the company to purchase a building in Gatineau and to modernize its sales and manufacturing operations.

"Thanks to the expertise of its teams, Boiseries Boileau has built an enviable reputation in Outaouais over the last 40 years. Consequently, this manufacturing SME has become a key player in the region's wood processing industry," said Édith Gaudet, regional director of the Fonds régionaux de solidarité FTQ Outaouais.

20 years of investments in Outaouais

The Fonds régionaux de solidarité FTQ network was created in 1996 to provide Québec regions with a development tool. To date, the FRS Outaouais have invested $45.5 million in 75 projects, helping to create, maintain or protect 1,800 quality jobs in the region.

"These figures attest to the relevance of the regional funds and make us optimistic and enthusiastic about our next 20 years in the Outaouais," added Luc Pinard, president and chief executive officer of the Fonds régionaux de solidarité FTQ.

Quality jobs and concrete spinoffs for Outaouais

A recent study by KPMG shows that the average salary at partner companies of the Fonds de solidarité FTQ and the Fonds régionaux Outaouais is 12% higher than the regional average ($47,685 versus $42,409). As well, the GDP per direct job generated by Fonds partner companies is 48% higher than the region's GDP per job ($88,506 versus $60,000).

A summary of the KPMG study for Outaouais is available at by clicking here.  

About the Fonds régionaux de solidarité FTQ

The Fonds régionaux de solidarité FTQ have been helping to further regional economic development in Québec for 20 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $635 million in 1,040 projects since their inception in 1996, helping to create, maintain or protect close to 37,000 jobs. www.fondsreg.com

 

SOURCE Fonds régionaux de solidarité FTQ

Image with caption: "Édith Gaudet, Regional Director, Fonds régionaux de solidarité FTQ Outaouais (CNW Group/Fonds régionaux de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20160616_C7961_PHOTO_EN_715720.jpg

For further information: Press contact: Patrick McQuilken, Fonds de solidarité FTQ, Telephone: 514 850-4835, Mobile: 514 703-5587, E-mail: pmcquilken@fondsftq.com; Fonds de solidarité FTQ shareholders: Shareholder Services, Fonds de solidarité FTQ, Montréal: 514 383-3663, Québec City: 418 628-3663, Toll free: 1 800 567-3663


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