Over $318,000 to support economic and community development in the Montmagny MRC

The Government of Canada supports projects by a business and two organizations in the Chaudière-Appalaches region

MONTMAGNY, QC, May 25, 2017 /CNW/ - Canada Economic Development for Quebec Regions (CED)

Marc Miller, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Ville-Marie—Le Sud-Ouest—Île-des-Sœurs, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, took the opportunity while in the region to announce $318,498 in financial support in the form of repayable and non-repayable contributions for a business and two organizations in the Montmagny region.

By ensuring that businesses and organizations have the resources they need to invest in growth and implement mobilizing community projects, the Government of Canada is contributing to the creation of quality jobs in the Montmagny MRC and to improvement of the quality of life of residents.

First of all, financial assistance for K-Trail Inc. ($140,000 and $78,338) under the Quebec Economic Development Program (QEDP) will allow the business to purchase and install production equipment to increase productivity and ensure growth.

The municipality of Notre-Dame-du-Rosaire ($69,300) and Le Havre de Berthier-sur-Mer inc. ($30,860) will be receiving support under the Canada 150 Community Infrastructure Program (CIP 150), in one case to replace the heating system in the municipal building where the community rooms are located and, in the other, to upgrade part of the floating dock network.

CED is one of six regional development agencies under the responsibility of the Minister for Innovation, Science and Economic Development, the Honourable Navdeep Bains.

Quotes

"I am delighted to see that collaboration among the various economic development stakeholders is alive and well here, in the Montmagny region. The economic diversification of the regions of Quebec becomes possible when all the players in an area have the courage to innovate and undertake large scale projects. The Government of Canada is pleased to contribute to this diversification, which will create wealth for the middle class."

Marc Miller, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Ville-Marie—Le Sud-Ouest—Île-des-Sœurs

"The Government of Canada is committed to supporting Canadian businesses and organizations in order to improve the quality of life in every community in the country and ensure prosperity for all Canadians."

The Honourable Navdeep Bains, Minister responsible for CED

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BACKGROUNDER

Over $318,000 to support economic and community development in the Montmagny RCM

Marc Miller, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Ville-Marie–Le Sud-Ouest–Île-des-Sœurs, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, took the opportunity while in the region to announce $318,498 in financial support, in the form of repayable and non-repayable contributions, for a business and two organizations in the Montmagny region.

 

Promoter

Contribution – Investments – Project description

K-Trail Inc.

Repayable contribution of $140,000 out of a total investment of $350,000

 

K-Trail specializes in the manufacture of galvanized steel utility trailers for cars and trucks. High season for production is December to August. During low season (September to November), K-Trail manufactures trailers for snowmobiles, a complementary secondary market niche.

 

The purpose of the project is to improve the business's productivity and competitiveness to foster growth through the acquisition and integration of a robotic welding cell, which will increase production capacity.

 

The Agency's assistance will go toward all costs related to the acquisition, installation and integration of the robotic welder in the company's production chain, including the accessories and peripheral facilities required to optimize the performance of the new equipment.

 

Repayable contribution of $78,338 out of a total investment of $167,280

 

This project, which was completed in 2016, consisted in the acquisition of two new pieces of equipment (saw and press) to enhance the business's production capacity. Agency funding went toward the acquisition costs for the equipment and its integration in the company's production line.

 

The two projects are helping K-Trail maintain its current workforce and may result in the hiring of new employees following the expected increase in sales.

Municipality of Notre-Dame-du-Rosaire (website in French only)

Non-repayable contribution of $69,300 out of a total investment of $169,030

 

Incorporated in 1894, the Municipality of Notre-Dame-du-Rosaire had 367 inhabitants in 2015. In addition to the usual municipal services, the municipality provides its residents with community halls in a building that houses the municipal offices and other rooms serving a variety of purposes: library, community Internet access centre, gym, senior citizens' room, funeral parlour and so on. Users of the rooms and community halls vary widely: seniors, volunteers, youth, caregivers, etc.

 

The purpose of the project is to replace the municipal building's heating system with a clean, renewable energy heating system, namely an electric heat pump. Agency funding will go toward all project costs.

 

The new clean, renewable energy heating system will help reduce the municipality's heating costs, fossil fuel consumption and annual greenhouse gas emissions.

 

Le Havre de Berthier-sur-Mer Inc. (website in French only)

Non-repayable contribution of $30,860 out of a total investment of $70,962

 

Le Havre de Berthier-sur-Mer operates a marina and port of refuge, a restaurant and a marine service, while fostering tourism development in Le Havre de Berthier-sur-Mer. Created in 1979, the NPO's main mission was to organize, maintain and operate a marina for its members, their guests and members of other yacht clubs in Quebec.

 

The purpose of the project is to upgrade part of the network of floating pontoons for the Berthier-sur-Mer harbour. Once the project is completed, the harbour will maintain its community-oriented function and will remain open and accessible to the public. More specifically, the project involves replacing 10 floating wooden pontoons with galvanized steel pontoons. The Agency is supporting all project costs.

 

Berthier-sur-Mer is the main continental gateway to Grosse Île and the Irish Memorial National Historic Site; in 2015, some 17,000 people visited this major tourist attraction in the middle of the St. Lawrence River, across from Montmagny.

 

The project will help preserve an asset that plays a key role in the local economy of the Berthier-sur-Mer community. The work will also contribute to the regional economy.

 

 

Summary

 

Total number of projects:

4

CED contributions:

$318,498

Investments generated by the projects:

$757,272

 

SOURCE Canada Economic Development for Quebec Regions

For further information: Media Relations, Canada Economic Development for Quebec Regions, Tel.: 514-283-7443, Email: dec.media.ced@canada.ca


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