Government of Canada awards $650,000 in financial assistance to this Montréal business
MONTRÉAL, Aug. 21, 2017 /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.
Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, Emmanuella Lambropoulos, Member of Parliament for Saint-Laurent, announced that the Société d'Outillage M.R. Ltée (S.O.M.R.) has been granted $650,000 in financial assistance, in the form of a repayable contribution, for the acquisition of equipment that will help the business increase productivity and continue to expand.
Founded in 1971, S.O.M.R. is an innovative SME that specializes in precision machining and custom parts and tooling manufacturing for the aerospace industry. The funding awarded through CED's Quebec Economic Development Program (QEDP) will enable the corporation to acquire two CNC machining centres and a measurement and inspection arm.
Quotes
"The aerospace industry provides high-skilled, well-paying jobs. That is why the Government of Canada makes strategic investments that help businesses like S.O.M.R. develop their expertise and grow."
Emmanuella Lambropoulos, Member of Parliament for Saint-Laurent
"By making a contribution enabling S.O.M.R. to acquire leading-edge equipment, the Government of Canada is standing by its commitments and helping businesses expand, innovate and export their products so that they can create high-quality jobs and ensure the success of Canada's economy."
The Honourable Navdeep Bains, Minister responsible for CED
"A few years ago, we decided to go high-tech to become more efficient. CED's assistance is helping us maintain our competitive position in the market and become much more productive and innovative."
Bruno Floriant, President of the Société d'Outillage M.R. Ltée
Quick facts
- 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
Media Relations, Canada Economic Development, for Quebec Regions, Tel.: 514-283-7443, Email:mailto: [email protected]
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