Government of Canada awards $110,000 in financial assistance to Patlin Textiles, in Mauricie
SAINT-PAULIN, QC, Feb. 23, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Businesses need to be able to rely on adequate resources to create and commercialize innovative products. The Government of Canada is committed to supporting innovative Canadian enterprises. As a true economic driver, innovation is the key to success because it generates growth that benefits businesses and communities.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced that Patlin Textiles has been granted $110,000 in financial assistance, in the form of a repayable contribution. The funding helped the company acquire state-of-the-art equipment so that it can improve its productivity and carry out expansion projects.
Founded in 1991, Patlin Textiles is an SME in the Mauricie region that employs more than 50 people. It is known for its excellence and offers a complete range of custom window treatments and bed coverings for the hotel, institutional and residential sectors. The funding awarded through CED's Quebec Economic Development Program helped the company acquire computer equipment, a heat transfer machine and a fabric printer.
With this new equipment, the company will be able to print its own designs instead of working only with imported fabrics. This will shorten production times and provide its clients with quicker service and fully customized products. By the same token, the business will minimize its ecological footprint by avoiding losses in unsold fabrics.
"Patlin Textiles is a local firm that has found innovative solutions to improve its processes, adapt to change and ensure its growth. I am pleased of this support for this SME, which has been contributing to the strength and economic vitality of the Mauricie region for over 25 years."
The Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of International Trade
"As the Minister of Innovation, Science and Economic Development, my goal is to help businesses grow and innovate so that they can become more competitive and create good-quality jobs and wealth for Canadians. That is why we are supporting this enterprise, whose successes benefit the region and the Canadian economy overall."
The Honourable Navdeep Bains, Minister responsible for CED
- 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.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Régions, 514-283-7443, email@example.com