Government of Canada awards $350,000 in financial assistance to the Maricourt business in Estrie
MARICOURT, QC, Jan. 24, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
As a true economic driver, innovation is the key to success in that it generates growth that benefits businesses and communities. That is why the Government of Canada is committed to supporting innovative Canadian businesses like Cordé Électrique to help them grow and generate quality jobs.
Pierre Breton, Member of Parliament for Shefford, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, today announced that a $350,000 repayable contribution has been granted to Cordé Électrique to help the business increase the efficiency of its operations.
Having grown continually since its creation in 2010, Cordé Électrique specializes in the manufacture of small and medium-size batches of exclusive custom electrical harnesses. The company also supports its clients in achieving their objectives by providing research and development, prototyping, inspection and overmoulding services. The affordable innovative solutions developed by the enterprise take into account the vision, requirements and specifications of its clients.
Cordé has a strong foothold in the transport, recreational products and home and medical appliance industries. The funding has been awarded through CED's Quebec Economic Development Program (QEDP) and will help Cordé Électrique acquire high-performance equipment and improve its production processes to increase its productivity and production capacity. The project includes the creation of 12 jobs.
"Cordé Électrique is an enterprise that actively contributes to the economic vitality of the Estrie region. I am proud that the Government of Canada is supporting innovative projects that translate into success for entrepreneurs and growth for the Canadian economy."
Pierre Breton, Member of Parliament for Shefford
"As Minister of Innovation, Science and Economic Development, my goal is to help enterprises grow and innovate so that they can become more competitive in the market and create high-quality jobs and wealth for Canadians. That is why we support businesses like Cordé Électrique, whose successes benefit the region and the Canadian economy overall."
The Honourable Navdeep Bains, Minister responsible for CED
"Our company has gone through three expansion phases since its beginnings. We are delighted with CED's contribution, which is helping us shift into high gear and generate spinoff for our enterprise."
Lise Déziel, President of Cordé Électrique
CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Régions, 514-283-7443, [email protected]