Government of Canada awards nearly $100,000 in financial assistance to this Amos business
AMOS, QC, Aug. 25, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
By investing in the production capacity of businesses, the Government of Canada is staying true to its commitments and helping businesses expand, innovate and export their products to create high-quality jobs and ensure the prosperity of our national and regional economies.
Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, David Lametti, Member of Parliament for LaSalle‒Émard‒Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, announced that G4 – R-D Inc. (website in French only) has been granted $99,500 in financial assistance, in the form of a repayable contribution, to increase production capacity, optimize manufacturing processes and develop an international marketing strategy.
G4 ‒ R-D is an SME that manufactures and repairs forestry equipment, such as saw heads, blades and teeth; rotating tilting systems; and delimber blades. Known since 1986 as Usinage G.N. Roy, the business was acquired in 2012 by a group of investors who renamed it G4 ‒ R-D Inc.
The funding awarded through CED's Quebec Economic Development Program (QEDP) will help the business acquire and install a bridge crane, a hoist, production software and a wall with a rolling service door; develop an international marketing strategy; and improve its website.
"G4 – R-D commercializes innovative products for its clients by building on the expertise of its teams and being open to innovation. By creating unique, high-quality products, the business has set itself apart in this specialized market, and I am sure that the government assistance will now help it to penetrate new ones."
David Lametti, Member of Parliament for LaSalle‒Émard‒Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
"By supporting G4 – R-D, the Government of Canada is helping the enterprise acquire the equipment it needs to manufacture innovative products that will benefit Canadian businesses in the forestry sector. These businesses will then be able to build on innovation—a significant economic driver and a pillar of growth that benefits communities."
The Honourable Navdeep Bains, Minister responsible for CED
"The Government of Canada's support is very helpful in penetrating new markets and continuing our mission of innovation. In 2010, the Government of Canada provided us with significant financial assistance to modernize our equipment inventory. We are confident that this new contribution will help up grow even more."
David Gingras, Director General, G4 – R-D
- CED is one of 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 Regions, Tel.: 514-283-7443, Email: firstname.lastname@example.org