Government of Canada awards $250,000 in financial assistance to Absolunet, a high-growth firm
BOISBRIAND, QC, Jan. 25, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Absolunet, one of the largest e-commerce agencies in Canada, can rely on financial support from the Government of Canada to commercialize its e-commerce solutions in the United States.
Funding for the Boisbriand business was announced today by Linda Lapointe, Member of Parliament for Rivière-des-Milles-Îles, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED. The funding, in the form of a repayable contribution, has been granted through CED's Quebec Economic Development Program.
The $250,000 financial contribution will help the enterprise open an office in Kansas City, Missouri, hire a marketing resource and carry out promotion and representation activities. The project will create 25 high-paying jobs in the Boisbriand area, home to the business's head office.
Absolunet is a high-growth SME in the information technology sector. In business since 1999, the company draws on the expertise of some 200 employees to provide its clients—leaders in e-commerce in Quebec and Canada—with digital growth solutions in a constantly changing market: digital retailing and B2B sales.
Absolunet has become the largest Canadian partner of U.S. multinational Magento, owner of the world's leading e-commerce platform, which is working closely with the Boisbriand SME on its development plans for the U.S. market.
Businesses need to be able to rely on adequate resources to launch and deliver innovative projects. As such, the Government of Canada is committed to supporting innovative Canadian businesses. As a true economic driver, innovation is the key to Canada's economic success, generating growth that benefits both businesses and communities.
"Since its creation at the turn of the 21st century, Absolunet has always been an innovative business. It has provided many Canadian businesses with solutions through its e-commerce expertise, helping them deal with the new retail trade and B2B industry conditions, thus contributing to their vitality and growth. I am proud of the Government of Canada's support for innovative enterprises like Absolunet, which are helping strengthen the Canadian economy."
Linda Lapointe, Member of Parliament for Rivière-des-Milles-Îles
"Digital technologies are changing ways of doing things around the world, providing Canadian companies with development opportunities. As Minister of Innovation, Science and Economic Development, my goal is to support enterprises like Absolunet, which has seized these opportunities and created new jobs through its commercial ties with international partners."
The Honourable Navdeep Bains, Minister responsible for CED
"Absolunet is proud to contribute to the economic vitality of the Laurentides region through the creation of jobs and the development of expertise that is stimulating U.S. market interest. We are delighted that CED is supporting us with concrete action that will help us expand and make a mark in the booming e-commerce market in the United States. This will help us create 25 high-paying jobs as a direct result of our expansion and CED's trust in us regarding this project."
Martin Thibault, President of Absolunet
- CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
- For more information on CED's key directions until 2021, consult Strategic Plan 2021 or visit www.dec-ced.gc.ca.
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SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Régions, 514-283-7443, [email protected]