The Government of Canada awards $400,000 in funding to Saint-Félicien company
SAINT-FÉLICIEN, QC, March 15, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Granules LG is a leader in the production of energy-efficient wood pellets and logs using waste from the primary and secondary wood processing industries. Considered a leader in green energy, the company has received $400,000 from Canada Economic Development for Quebec Regions to optimize production at its plant in Saint-Félicien.
Richard Hébert, MP for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion, made the announcement today. The government assistance in the form of repayable funding will help Granules LG purchase cutting-edge equipment, increase warehousing space and enhance its production and production management processes. In all, this project represents an investment of more than $2.2 million.
Founded in 1995, Granules LG has become one of the largest companies in its sector in Quebec and exports part of its production. Held entirely by Indigenous interests, the company stands out for its ability to innovate and for the importance it places on its economic, social and environmental impact on the community.
The Government of Canada is committed to supporting innovative Canadian businesses because they help develop sustainable competitive advantages. A driving force of the economy, innovation is the key to success because it generates growth that benefits both businesses and communities. This is why we are committed to ensuring that businesses are able to rely on adequate resources to create and market innovative products.
"We must support entrepreneurial spirit based on the ingenuity and know-how of Canadian entrepreneurs, who contribute to the development of green technologies. Granules LG, an entirely Indigenous-owned company, has become a leader in the field. It has achieved an enviable level of maturity and does not intend to rest on its laurels. That is why we are pleased to support Granules LG in its projects."
Richard Hébert, MP for Lac-Saint-Jean and Parliamentary Secretary to the Minister of Small Business and Export Promotion
"By helping firms buy equipment and machinery to improve their performance, the Government of Canada is meeting its commitment to foster growth, innovation and exports. CED's support demonstrates our desire to support businesses like Granules LG that promote economic growth and regional development."
The Honourable Navdeep Bains, Minister responsible for CED
"Every day, our teams work to build a solid, reliable industry that consumers can count on. Here as elsewhere, the wood-pellet fuel market is growing fast and represents an environmentally friendly and energy-efficient choice. CED's assistance is real support that we can put toward our future projects."
Alain Paul, President, Granules LG
- Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
- The funding comes from CED's Quebec Economic Development Program. For more information on CED and its priorities, consult the 2018-2019 Departmental Plan or visit www.dec-ced.gc.ca.
- For 50 years now, the Government of Canada has been participating actively in regional economic development in Quebec: half a century of concrete actions dedicated to the growth of our regions and businesses.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Tel.: 514-283-7443, Email: [email protected]