The Government of Canada provides almost $400,000 in funding to Chaudière-Appalaches–region businesses Komutel, UCB and Perreault Plastix
SAINT-GEORGES, QC, Nov. 5, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Komutel, UCB (Mundial Group) and Perreault Plastix are innovative and dynamic businesses. To allow them to build on their momentum and ensure their growth, Canada Economic Development for Quebec Regions has provided them with repayable contributions totalling $397,625.
The funding was announced today by the Honourable Diane Lebouthillier, Member of Parliament for Gaspésie–Les Îles-de-la-Madeleine and Minister of National Revenue. The assistance from the Government of Canada will allow the recipient businesses to achieve their established growth objectives. Their respective projects will generate total spending of over $2.2 million and will result in the creation of 13 new jobs in the Beauce-Sartigan RCM.
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.
"I am proud of the Government of Canada's financial support for these three businesses in the Beauce region, known for their vitality, boldness and sense of innovation. These contributions will allow them to continue developing and generating economic growth and high-quality jobs."
The Honourable Diane Lebouthillier, MP for Gaspésie‒Les Îles-de-la-Madeleine and Minister of National Revenue
"By helping businesses invest in equipment and digital technology that will enhance their performance, and by promoting product marketing and market development projects, the Government of Canada is meeting its commitment to foster expansion, innovation and exports. I am also pleased to learn that these projects will help create high-quality jobs in the Chaudière-Appalaches region."
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 comes from CED's Quebec Economic Development Program. To find out more about CED and its priorities, see the 2018–2019 Departmental Plan or visit www.dec-ced.gc.ca.
- The year 2018 marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec's regions and businesses.
- For more information about these projects, please refer to the related backgrounder.
Contribution – Investment – Project description
Repayable contribution of $200,000 out of a total investment of $700,000
Funding provided for this project will go towards the marketing of Komutel's software solutions in the U.S. and Europe. The main activities will be the hiring of resources responsible for business development, along with a series of commercialization activities in the target markets. CED's contribution will cover the salaries of two business development resources, as well as the cost of prospecting activities and participation in trade shows and events. The project is expected to result in the creation of five jobs.
Founded in 2001 in Saint-Georges, Komutel is a high-tech company that specializes in the development and marketing of integrated telecom software solutions known for their interoperability. The company offers a full range of innovative products, some of which are available in cloud-based mode, for organizations looking to maximize their communications performance.
UCB Inc. (Mundial Group)
Repayable contribution of $150,000 out of a total investment of $600,000
The goal of the project is to support UCB's growth by improving the company's productivity and increasing its production capacity. It involves the acquisition of high‑performance numerically controlled production equipment, including a vertical machining centre and a turning centre. CED's contribution will cover the cost of acquiring and installing this equipment. The project is expected to result in the creation of four jobs.
Founded in 1998, UCB specializes in the machining, on a subcontracting basis, of steel, aluminum and stainless steel parts and components for value chain contractors in the rubber (molds), transportation, energy and industrial equipment manufacturing industries.
Repayable contribution of $47,625 out of a total investment of $923,000
The project involves enhancing Perreault Plastix' productivity by setting up an integrated management system that incorporates the company's primary business functions. In addition to this investment, the company plans to acquire two new injection molding machines and to expand its plant. CED's contribution will only cover the cost of the integrated management system. Upon completion, the project is expected to create four jobs.
Created in 2010, Perreault Plastix is a subcontractor specializing in plastics injection molding and the production of polyurethane parts for various sectors, including the food, transportation and construction industries and the industrial sector.
Number of projects: 3
Number of jobs created: 13
CED's contributions: $397,625
Total investment generated by these projects: $2,223,000
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SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, 514-283-7443, firstname.lastname@example.org