Government of Canada awards $300,000 in financial assistance to Lac-Brome SME
LAC-BROME, QC, April 5, 2018 /CNW/ - Canada Economic Development for Quebec Regions (CED)
As a true economic driver, innovation is the key to success because it generates growth that benefits businesses and communities. That is why the Government of Canada is determined to support innovative Canadian enterprises like Plastiques Moulin so that they can grow and create high-quality jobs.
The Honourable Denis Paradis, Member of Parliament for Brome-Missisquoi, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, today announced that a repayable contribution of $300,000 has been granted to Plastiques Moulin to help it improve its productivity and production capacity.
Established in Lac-Brome since 1985, Plastiques Moulin specializes in the high-volume moulding of plastic household items such as tote bins of various sizes, storage boxes, drawer carts and laundry baskets for Sterilite, one of the biggest brands in the industry in North America.
The company wants to enhance its performance to continue growing. The funding awarded through CED's Quebec Economic Development Program will help Plastiques Moulin acquire and install production equipment, including three digital presses.
"Here is an innovative business that has invested in new technology to foster growth. Our government strongly supports enterprises like Plastiques Moulin, which are bold and visionary in seeking to increase their productivity."
The Honourable Denis Paradis, Member of Parliament for Brome-Missisquoi
"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 in the market and create good-quality jobs and wealth for Canadians. That is why we are supporting enterprises like Plastiques Moulin, 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
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