The Government of Canada awards $2 million in financial assistance to this Baie-D'Urfé business
BAIE-D'URFÉ, QUEBEC, April 24, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Lanthier Bakery is a highly innovative manufacturer of brioche dough products. To maintain its momentum, it will receive a repayable contribution of $2 million from Canada Economic Development for Quebec Regions. With this financial assistance, the business will be able to expand and renovate its plant, as well as modernize a new digital production line.
The funding was announced today by Francis Scarpaleggia, Member of Parliament for Lac-Saint-Louis. More specifically, the Government of Canada's support will allow Lanthier Bakery to increase its productivity through the purchase of state-of-the-art equipment, including wrapping and packaging systems, an unmoulding island, a slicer, mixers, automatic mixing systems, an oven and cooling towers.
Founded in 1932, Lanthier Bakery is a family-owned business located in Alexandria, Ontario. In 1985, it set up a second production plant in Baie-D'Urfé, on the Island of Montréal, where it makes bread using traditional recipes. In 2016, in cooperation with its principal shareholder, France-based La Fournée Dorée, Lanthier Bakery developed a new range of brioche breads – a niche product – and now aims to specialize in this niche market, where demand continues to grow.
The Government of Canada is committed to supporting innovative Canadian businesses. 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.
"The Government of Canada has implemented an ambitious approach to support businesses that invest in new product development. The financial assistance awarded to Lanthier Bakery is intended to provide concrete support for a company that has demonstrated its know-how and is also ready to expand into new markets."
Francis Scarpaleggia, Member of Parliament for Lac-Saint-Louis
"By investing in Lanthier Bakery's expansion and productivity, the Government of Canada is standing by its commitments to help businesses expand, innovate and export their products so that they can create high-quality jobs and ensure prosperity for the Canadian economy."
The Honourable Navdeep Bains, Minister responsible for CED
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 was awarded under CED's Regional Economic Growth through Innovation program. This program targets entrepreneurs who leverage innovation to grow their businesses and make them more competitive, as well as regional economic stakeholders who help create an entrepreneurial environment conducive to innovation and inclusive growth in all regions.
For 50 years now, the Government of Canada has been actively participating in regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local 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]